by our College Data Analytics TeamMany students are not billed the complete price tag of a school. Rather, they are presented a financial aid deal that includes a mix of loans, grants, scholarships, and possibly work-study opportunities. The sum total of attendance at Access Careers can sound overpowering, but remember that the majority of students get some type of financial assistance.
What financial assistance options will Access Careers offer, and what will you qualify for? Read on for more information. Scroll down to see what amount of financial assistance could be accessible to you.
The amount of financial aid and scholarships you are eligible for will vary depending on your family’s income. The information provided on this page can help you determine how much aid you may receive from Access Careers.
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 Access Careers, 94% of new full-time first-years were awarded at least some aid roughly 45 new students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 90% | $7,500 |
| Institutional grants & scholarships | 0% | — |
| Federal Pell grants | 85% | $7,537 |
| State/local grants | 4% | $6,748 |
| Federal student loans | 46% | $6,089 |
Because grants and scholarships do not have to be repaid, they are the most sought-after type of financial aid. At Access Careers, about 5% of undergrads got grants or scholarships worth on average $9,835 (among about 45 undergraduates).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 5% | $9,835 |
| Federal Pell grants | 5% | $7,537 |
| Federal student loans | 3% | $6,089 |
Graduating students at Access Careers carry a median federal student debt of $5,500 in federal student debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $5,500 |
| Median federal debt (graduates only) | $5,500 |
| Typical 10-year monthly payment (graduates) | $58.31/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 Access Careers.
| Percentile | Cumulative Federal Debt |
|---|---|
| 25th percentile | $5,176 |
| 75th percentile | $6,452 |
How much a student borrows depends heavily on family income, first-gen status, and dependency.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $5,500 |
Dependent vs Independent Students
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,500 |
| Independent students | $6,269 |
Federal data publishes pre-calculated indicators that summarize debt outcomes. Access Careers.
The Stafford program is the federal direct-loan vehicle most undergraduates use. The annual Stafford volume below reflects program activity at Access Careers:
| Metric | Value |
|---|---|
| Stafford loan recipients | 297 |
| Total Stafford loan amount | $1,666,180 |
References
More about our data sources and methodologies.