by our College Data Analytics TeamThe majority of students will not be asked to pay the advertised price of a school. Instead, they will be provided a financial aid package that will include a combination of scholarships, grants, loans, and work-study. The price tag of going to Victory Career College can appear overwhelming, but bear in mind that many students obtain some kind of financial aid.
What financial aid options can Victory Career College offer you, and what will you qualify for? Keep reading for more information. Read on to discover how much school funding could be available to you.
The amount of financial aid and scholarships you are eligible for will vary depending on your family’s income. Continue reading to find information to help you understand just how much assistance you can expect to receive from Victory Career College.
Financial aid, in the form of loans, grants, work-study, and scholarships, is one way colleges reduce the cost of attendance so most students can actually afford to attend. Bear in mind that not all aid is equal, and the amount any one student receives can vary widely.
Looking at the entering class at Victory Career College, 0% of new full-time first-years were awarded at least some aid approximately 0 first-years).
Unlike loans, grants and scholarships are gift aid that does not need to be paid back, making them the most desirable form of assistance. At Victory Career College, about 54% of undergraduates were awarded grant or scholarship aid averaging $4,010 (among about 93 awardees).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 54% | $4,010 |
| Federal Pell grants | 54% | $4,010 |
| Federal student loans | 57% | $4,898 |
The figures below show the average net price — cost after all grant and scholarship aid — broken out by family income.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $19,436 |
Each figure is the net price after grants and scholarships, not the published sticker price.
A typical borrower at Victory Career College leaves with $6,332 in federal loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $6,332 |
| Median federal debt (graduates only) | $6,333 |
| Typical 10-year monthly payment (graduates) | $67.14/mo |
That monthly figure reflects the median graduate debt repaid on a standard 10-year federal schedule.
Outcomes differ by income bracket, by first-generation status, and by whether a student is financially dependent.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $6,332 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $3,666 |
| Independent students | $6,333 |
The figure below distills the debt data into a single burden category for Victory Career College.
The Stafford loan program is the largest source of federal direct loans to undergraduates. These figures summarize annual Stafford program activity at Victory Career College:
| Metric | Value |
|---|---|
| Stafford loan recipients | 233 |
| Total Stafford loan amount | $1,255,684 |
References
More about our data sources and methodologies.