by our College Data Analytics TeamThe majority of students will never be charged the full, advertised sticker price of a school. Instead, they will be given a financial aid offer that will include a combination of scholarships, grants, loans, and work-study. The sum total of attendance at Advantage Career Institute can sound overpowering, but remember that the majority of students get some type of financial assistance.
Just what financial aid solutions can Advantage Career Institute provide, and just what are you going to be eligible for? Keep reading for answers. Keep scrolling to learn what amount of financial assistance will be accessible to you.
Your financial aid package, which may contain grants and scholarships, will be determined on your financial need. The figures below will help you estimate the aid you might receive from Advantage Career Institute.
Through a mix of loans, grants, work-study and scholarships, schools bring down the effective cost so more students can attend. Bear in mind that not all aid is equal, and the amount any one student receives can vary widely.
At Advantage Career Institute, 76% of first-year full-time students received aid of some kind approximately 156 new students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 64% | $5,519 |
| Institutional grants & scholarships | 16% | $4,910 |
| Federal Pell grants | 56% | $3,651 |
| State/local grants | 19% | $3,618 |
| Federal student loans | 43% | $4,982 |
The best aid is gift aid: grants and scholarships that carry no repayment obligation. At this school, around 48% of the undergraduate population received grant aid that averaged $5,631 (for some 148 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 48% | $5,631 |
| Federal Pell grants | 39% | $3,583 |
| Federal student loans | 39% | $4,436 |
On-campus students receiving title-IV aid were awarded grants averaging $4,874.
How much a family pays depends heavily on income, because most aid is awarded on the basis of financial need.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $12,869 |
The numbers above are post-aid net prices, so they already account for grants and scholarships.
Net price is the cost remaining after grant and scholarship aid is subtracted from the sticker price, and it is the most useful single number for estimating real cost.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $12,819 |
| Off-campus title-IV students | $12,869 |
To get a personalized net price estimate, try Advantage Career Institute’s online cost calculator: www.aci.edu/financial-aid-options/net-price-calculator/.
The middle student in the debt distribution at Advantage Career Institute owes $4,856 in federal loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $4,856 |
| Median federal debt (graduates only) | $4,856 |
| Typical 10-year monthly payment (graduates) | $51.48/mo |
That monthly figure reflects the median graduate debt repaid on a standard 10-year federal schedule.
Median debt varies by family income, by first-generation status, and by dependency status.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $4,856 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $2,811 |
| Independent students | $4,856 |
The figure below distills the debt data into a single burden category for Advantage Career Institute.
The Stafford program is the federal direct-loan vehicle most undergraduates use. The annual Stafford volume below reflects program activity at Advantage Career Institute:
| Metric | Value |
|---|---|
| Stafford loan recipients | 277 |
| Total Stafford loan amount | $1,164,081 |
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 | 3 |
| Total GI Bill amount | $38,994 |
| Average GI Bill amount per recipient | $12,998 |
References
More about our data sources and methodologies.