by our College Data Analytics TeamThe majority of students will not be asked to pay 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 sum total of attendance at American Academy McAllister Institute of Funeral Service can sound tremendous, but do not forget that almost all students get some type of financial help.
Just what financing solutions does AAMI deliver, and just what are you going to be eligible for? Keep scrolling for answers. Scroll down to find out what amount of financial assistance will be accessible to you.
The amount of financial aid and scholarships you are eligible for will vary depending on your family’s income. Read on to get a sense of the financial assistance available at American Academy McAllister Institute of Funeral Service.
Aid such as grants, loans, work-study, and scholarships helps colleges decrease the real cost of attendance for most students. Some kinds of aid are clearly preferable to others, and outcomes differ across students.
Looking at the entering class at American Academy McAllister Institute of Funeral Service, 88% of the incoming full-time class was awarded financial aid around 7 first-years).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 50% | $6,206 |
| Institutional grants & scholarships | 0% | — |
| Federal Pell grants | 50% | $5,440 |
| State/local grants | 25% | $1,533 |
| Federal student loans | 63% | $7,980 |
Gift aid — grants and scholarships — beats loans every time because none of it has to be repaid. At this school, roughly 34% of undergrads got grants or scholarships worth on average $2,392 (for some 95 recipients).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 34% | $2,392 |
| Federal Pell grants | 34% | $2,142 |
| Federal student loans | 54% | $3,611 |
On-campus students receiving title-IV aid were awarded grants averaging $3,546.
The figures below show the average net price — cost after all grant and scholarship aid — broken out by family income.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $21,682 |
| $30,001 – $75,000 | $24,735 |
The numbers above are post-aid net prices, so they already account for grants and scholarships.
The net price strips out grant and scholarship aid from the sticker price to show roughly what families really pay.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $22,872 |
| Off-campus title-IV students | $21,682 |
To get a personalized net price estimate, try AAMI’s online cost calculator: npc.collegeboard.org/app/funeraleducation.
A typical borrower at AAMI leaves with $11,000 in federal loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $11,000 |
| Median federal debt (graduates only) | $21,150 |
| Typical 10-year monthly payment (graduates) | $224.23/mo |
Under a standard ten-year plan, the median graduate’s monthly payment lands near the figure above.
The median alone does not show how widely outcomes vary across the student body. The four reference points below map the debt distribution at AAMI.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,000 |
| 25th percentile | $3,100 |
| 75th percentile | $13,900 |
| 90th percentile (highest-debt students) | $20,400 |
Debt outcomes are not uniform — they shift with income, first-generation status, and dependency.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $10,800 |
| Middle income | $11,750 |
| High income | $11,000 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $10,800 |
| Continuing-generation students | $14,200 |
Dependent vs Independent Students
| Cohort | Median federal debt |
|---|---|
| Dependent students | $9,900 |
| Independent students | $11,500 |
Federal data publishes pre-calculated indicators that summarize debt outcomes. AAMI.
Stafford loans make up the bulk of federal direct lending to undergraduates. The annual Stafford volume below reflects program activity at AAMI:
| Metric | Value |
|---|---|
| Stafford loan recipients | 2160 |
| Total Stafford loan amount | $23,892,460 |
Veterans and active-duty service members may qualify for the Post-9/11 GI Bill or DoD Tuition Assistance.
GI Bill volume
| Metric | Value |
|---|---|
| GI Bill recipients | 9 |
| Total GI Bill amount | $38,376 |
| Average GI Bill amount per recipient | $4,264 |
DoD Tuition Assistance activity
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 0 |
| Total DoD amount | $0 |
References
More about our data sources and methodologies.