by our College Data Analytics TeamMany students are not billed the full sticker price of a school. Rather, they are offered a financial aid plan that includes a mix of loans, grants, scholarships, and possibly work-study opportunities. The total cost of going to Alaska Career College can seem tremendous, but do not forget that almost all students are given some form of financial help.
Just what financing solutions does Alaska Career College deliver, and just what are you going to be eligible for? Keep scrolling for answers. Keep reading to learn how much school funding will be available to you.
Eligibility for aid and scholarships is driven mostly by your household’s income and need. Read on to get a sense of the financial assistance available at Alaska 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. However, some types of aid are more desirable than others, and some students will receive more than others.
Looking at the entering class at Alaska Career College, 72% of the incoming full-time class was awarded financial aid approximately 179 incoming students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 65% | $4,891 |
| Institutional grants & scholarships | 2% | $500 |
| Federal Pell grants | 54% | $5,041 |
| State/local grants | 6% | $5,140 |
| Federal student loans | 27% | $6,268 |
Grants and scholarships are the most valuable form of aid because, unlike loans, they never have to be repaid. At this school, about 61% of undergrads got grants or scholarships worth on average $7,831 (for some 224 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 61% | $7,831 |
| Federal Pell grants | 40% | $7,367 |
| Federal student loans | 27% | $6,773 |
Among title-IV aid recipients living on campus, grant and scholarship aid averaged $5,420.
Need-based aid means lower-income families typically pay far less than the sticker price suggests.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $18,091 |
| $30,001 – $75,000 | $19,154 |
Each figure is the net price after grants and scholarships, not the published sticker price.
Net price is the average annual cost after grants and scholarships are subtracted from the published cost of attendance — the figure closest to what a typical aid-receiving student actually pays.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $20,150 |
| Off-campus title-IV students | $18,091 |
To get a personalized net price estimate, try Alaska Career College’s NPC: www.alaskacareercollege.edu/tuition-calculator.
Graduating students at Alaska Career College carry a median federal student debt of $7,199 of cumulative federal debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $7,199 |
| Median federal debt (graduates only) | $7,377 |
| Typical 10-year monthly payment (graduates) | $78.21/mo |
The 10-year payment estimate assumes a standard federal repayment plan and the median graduate debt amount.
Looking only at the median can be misleading because it hides the spread. Use the percentiles below to see the debt range at Alaska Career College.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,199 |
| 25th percentile | $5,499 |
| 75th percentile | $9,500 |
| 90th percentile (highest-debt students) | $16,291 |
Outcomes differ by income bracket, by first-generation status, and by whether a student is financially dependent.
Debt by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $7,199 |
| Middle income | $6,397 |
| High income | $5,500 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $7,199 |
| Continuing-generation students | $5,500 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,500 |
| Independent students | $7,984 |
The Department of Education computes summary indicators that describe debt outcomes at a glance. Alaska Career College.
Most undergraduate borrowing runs through the federal Stafford loan program. Below is the annual Stafford program activity at Alaska Career College:
| Metric | Value |
|---|---|
| Stafford loan recipients | 3765 |
| Total Stafford loan amount | $31,518,391 |
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 | 23 |
| Total GI Bill amount | $178,772 |
| Average GI Bill amount per recipient | $7,773 |
References
More about our data sources and methodologies.