by our College Data Analytics TeamMost students will not be asked to pay 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 Amarillo College can sound overpowering, but remember that the majority of students get some type of financial assistance.
What financing options does Amarillo College offer you, and what will you qualify for? Keep scrolling for more information. Keep reading to find out just how much financial aid will be open to you.
The amount of financial aid and scholarships you are eligible for will vary depending on your family’s income. Use the information below to understand how much financial assistance you may get from Amarillo College.
Colleges use loans, grants, scholarships and work-study to minimize what students actually pay out of pocket. Bear in mind that not all aid is equal, and the amount any one student receives can vary widely.
At Amarillo College, 72% of new full-time first-years were awarded at least some aid roughly 796 new students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 67% | $5,954 |
| Institutional grants & scholarships | 14% | $1,002 |
| Federal Pell grants | 60% | $5,523 |
| State/local grants | 14% | $3,376 |
| Federal student loans | 6% | $3,690 |
Grants and scholarships are the most valuable form of aid because, unlike loans, they never have to be repaid. At this school, about 50% of undergraduates were awarded an average grant or scholarship of $4,701 (across roughly 4582 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 50% | $4,701 |
| Federal Pell grants | 44% | $4,485 |
| Federal student loans | 12% | $4,839 |
For students living on campus and receiving title-IV aid, grants averaged $6,254.
Since aid is largely need-based, the real cost of attendance falls steeply for lower-income families.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $5,410 |
| $30,001 – $75,000 | $6,600 |
| Over $75,000 | $9,123 |
These figures reflect what title-IV aid recipients pay after grant and scholarship aid is applied.
After grants and scholarships come off the published price, what remains is the net price — the best estimate of true out-of-pocket cost.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $4,600 |
| Off-campus title-IV students | $6,040 |
For an estimate tailored to your family circumstances, see Amarillo College’s official net price calculator: www.actx.edu/fin/net-price-calculator.
Graduating students at Amarillo College carry a median federal student debt of $9,500 of federal borrowing.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $9,500 |
| Median federal debt (graduates only) | $15,000 |
| Typical 10-year monthly payment (graduates) | $159.02/mo |
Under a standard ten-year plan, the median graduate’s monthly payment lands near the figure above.
A single median figure conceals how much debt outcomes differ student to student. Use the percentiles below to see the debt range at Amarillo College.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $1,986 |
| 25th percentile | $3,500 |
| 75th percentile | $12,500 |
| 90th percentile (highest-debt students) | $21,790 |
The figures below break down median federal debt by income tier, first-generation status, and dependency.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $10,309 |
| Middle income | $9,500 |
| High income | $6,500 |
First-Gen vs Continuing-Gen Median Debt
| Cohort | Median federal debt |
|---|---|
| First-generation students | $9,500 |
| Continuing-generation students | $9,500 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $6,234 |
| Independent students | $12,467 |
The Department of Education computes summary indicators that describe debt outcomes at a glance. Amarillo College.
The Stafford loan program is the largest source of federal direct loans to undergraduates. These figures summarize annual Stafford program activity at Amarillo College:
| Metric | Value |
|---|---|
| Stafford loan recipients | 15994 |
| Total Stafford loan amount | $212,967,985 |
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 | 85 |
| Total GI Bill amount | $100,892 |
| Average GI Bill amount per recipient | $1,187 |
DoD program volume
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 2 |
| Total DoD amount | $1,863 |
| Average DoD amount per recipient | $932 |
References
More about our data sources and methodologies.