by our College Data Analytics TeamMany students are not billed 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 sum total of attendance at Academy College can sound overwhelming, but bear in mind that many students get some type of financial aid.
What financial aid options can Academy College offer, and what will you qualify for? Keep reading for more information. Keep scrolling to see what amount of financial assistance could be accessible to you.
Eligibility for aid and scholarships is driven mostly by your household’s income and need. Continue reading to find information to help you understand just how much assistance you can expect to receive from Academy College.
Aid such as grants, loans, work-study, and scholarships helps colleges decrease the real cost of attendance for most students. Keep in mind that certain forms of assistance are more beneficial than others, and aid amounts differ from student to student.
Among first-time, full-time freshmen at Academy College, 50% of the incoming full-time class was awarded financial aid some 3 new students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 50% | $4,781 |
| Institutional grants & scholarships | 0% | — |
| Federal Pell grants | 33% | $4,930 |
| State/local grants | 33% | $817 |
| Federal student loans | 50% | $5,443 |
Grants and scholarships are the most valuable form of aid because, unlike loans, they never have to be repaid. Here, approximately 42% of undergraduate students received gift aid averaging $7,603 (covering around 44 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 42% | $7,603 |
| Federal Pell grants | 26% | $1,722 |
| Federal student loans | 49% | $8,003 |
Title-IV recipients living on campus saw average grant aid of $4,781.
Since aid is largely need-based, the real cost of attendance falls steeply for lower-income families.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $31,792 |
| $30,001 – $75,000 | $31,079 |
Each amount is the average cost remaining once grant aid is subtracted, by income band.
The net price strips out grant and scholarship aid from the sticker price to show roughly what families really pay.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $29,093 |
| Off-campus title-IV students | $31,307 |
To project your own net price, use Academy College’s official net price calculator: www.academycollege.edu/wp-content/uploads/2019/03/index-3.html.
The median federal debt load at Academy College comes to $16,500 of federal student loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $16,500 |
| Median federal debt (graduates only) | $29,500 |
| Typical 10-year monthly payment (graduates) | $312.75/mo |
Spreading the median graduate debt over a standard 10-year repayment schedule works out to roughly the monthly payment shown above.
Percentiles reveal the spread — half of all borrowers fall between the 25th and 75th percentiles. These percentiles trace how cumulative federal debt is spread among borrowers at Academy College.
| Percentile | Cumulative Federal Debt |
|---|---|
| 25th percentile | $11,667 |
| 75th percentile | $28,685 |
Median debt varies by family income, by first-generation status, and by dependency status.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $19,621 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $12,180 |
| Independent students | $19,811 |
Federal data publishes pre-calculated indicators that summarize debt outcomes. Academy College.
Most undergraduate borrowing runs through the federal Stafford loan program. Below is the annual Stafford program activity at Academy College:
| Metric | Value |
|---|---|
| Stafford loan recipients | 1234 |
| Total Stafford loan amount | $21,455,004 |
The GI Bill and DoD Tuition Assistance are the main federal aid routes for veterans and service members.
GI Bill volume
| Metric | Value |
|---|---|
| GI Bill recipients | 1 |
| Total GI Bill amount | $27,120 |
| Average GI Bill amount per recipient | $27,120 |
References
More about our data sources and methodologies.