by our College Data Analytics TeamThe majority of students will never be charged 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 total price of attendance at Advanced Career Institute can feel tremendous, but do not forget that almost all students receive some sort of financial help.
Just what financial assistance solutions will Advanced Career Institute deliver, and just what are you going to be eligible for? Read on for answers. Scroll down to learn what amount of financial assistance will be accessible to you.
Eligibility for aid and scholarships is driven mostly by your household’s income and need. The figures below will help you estimate the aid you might receive from Advanced Career Institute.
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 Advanced Career Institute, 65% of entering full-time freshmen got some type of financial assistance some 790 freshmen).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 61% | $4,939 |
| Institutional grants & scholarships | 0% | — |
| Federal Pell grants | 28% | $4,305 |
| State/local grants | 35% | $5,141 |
| Federal student loans | 27% | $6,474 |
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 this school, around 59% of undergraduates were awarded grant or scholarship aid averaging $7,292 (across roughly 1018 awardees).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 59% | $7,292 |
| Federal Pell grants | 24% | $4,457 |
| Federal student loans | 23% | $6,659 |
A typical borrower at Advanced Career Institute leaves with $6,229 in federal student debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $6,229 |
| Median federal debt (graduates only) | $6,331 |
| Typical 10-year monthly payment (graduates) | $67.12/mo |
Under a standard ten-year plan, the median graduate’s monthly payment lands near the figure above.
Looking only at the median can be misleading because it hides the spread. The percentiles below describe the cumulative federal debt distribution for borrowers at Advanced Career Institute.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,122 |
| 25th percentile | $4,012 |
| 75th percentile | $6,333 |
| 90th percentile (highest-debt students) | $8,023 |
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 | $6,229 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $6,229 |
| Continuing-generation students | $6,229 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $4,645 |
| Independent students | $6,331 |
Federal data publishes pre-calculated indicators that summarize debt outcomes. Advanced Career Institute.
Stafford loans make up the bulk of federal direct lending to undergraduates. These figures summarize annual Stafford program activity at Advanced Career Institute:
| Metric | Value |
|---|---|
| Stafford loan recipients | 1755 |
| Total Stafford loan amount | $9,724,331 |
Military-affiliated students can tap the Post-9/11 GI Bill and DoD Tuition Assistance.
Post-9/11 GI Bill activity
| Metric | Value |
|---|---|
| GI Bill recipients | 47 |
| Total GI Bill amount | $345,330 |
| Average GI Bill amount per recipient | $7,347 |
References
More about our data sources and methodologies.