by our College Data Analytics TeamMost students are not billed 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 Allen School - Jamaica can sound overpowering, but remember that the majority of students get some type of financial assistance.
What financial assistance options will Allen School - Jamaica offer you, and what will you qualify for? Read on for more information. Read on to see just how much financial aid could be open 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 Allen School - Jamaica.
Through a mix of loans, grants, work-study and scholarships, schools bring down the effective cost so more students can attend. However, some types of aid are more desirable than others, and some students will receive more than others.
For incoming first-year students at Allen School - Jamaica, 96% of the incoming full-time class was awarded financial aid (about 120 first-years).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 96% | $5,130 |
| Institutional grants & scholarships | 0% | — |
| Federal Pell grants | 96% | $5,130 |
| State/local grants | 0% | — |
| Federal student loans | 89% | $6,781 |
The best aid is gift aid: grants and scholarships that carry no repayment obligation. At Allen School - Jamaica, around 97% of undergraduate students received gift aid averaging $6,606 (among about 210 recipients).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 97% | $6,606 |
| Federal Pell grants | 97% | $6,606 |
| Federal student loans | 93% | $8,174 |
For on-campus title-IV students, average grant aid came to $5,130.
Need-based aid means lower-income families typically pay far less than the sticker price suggests.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $30,576 |
| $30,001 – $75,000 | $31,976 |
These figures reflect what title-IV aid recipients pay after grant and scholarship aid is applied.
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 | $30,563 |
| Off-campus title-IV students | $30,588 |
For a personalized estimate based on your family’s financial situation, use Allen School - Jamaica’s online cost calculator: www.allenschool.edu/tuition-calculators.
The median federal debt load at Allen School - Jamaica comes to $9,500 of cumulative federal debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $9,500 |
| Median federal debt (graduates only) | $9,500 |
| Typical 10-year monthly payment (graduates) | $100.72/mo |
At a typical 10-year repayment schedule, the median graduate would pay about the monthly figure above.
Looking only at the median can be misleading because it hides the spread. These percentiles trace how cumulative federal debt is spread among borrowers at Allen School - Jamaica.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,750 |
| 25th percentile | $5,500 |
| 75th percentile | $9,500 |
| 90th percentile (highest-debt students) | $11,565 |
The figures below break down median federal debt by income tier, first-generation status, and dependency.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $9,500 |
| Middle income | $6,247 |
| High income | $5,500 |
First-Gen vs Continuing-Gen Median Debt
| Cohort | Median federal debt |
|---|---|
| First-generation students | $9,500 |
| Continuing-generation students | $8,343 |
Dependent vs Independent Students
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,500 |
| Independent students | $9,500 |
A handful of calculated indicators summarize the debt outlook at Allen School - Jamaica.
Most undergraduate borrowing runs through the federal Stafford loan program. The totals below capture Stafford lending at Allen School - Jamaica:
| Metric | Value |
|---|---|
| Stafford loan recipients | 16449 |
| Total Stafford loan amount | $131,706,824 |
References
More about our data sources and methodologies.