by our College Data Analytics TeamMost students will never be charged 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 Miller-Motte College-Arizona Automotive Institute can sound tremendous, but do not forget that almost all students get some type of financial help.
What financial assistance options will Arizona Automotive Institute offer you, and what will you qualify for? Read on for more information. Keep reading to see just how much financial aid could be open to you.
The amount of financial aid you can receive varies from person to person and will depend on your family’s economic situation. The figures below will help you estimate the aid you might receive from Miller-Motte College-Arizona Automotive Institute.
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.
At Miller-Motte College-Arizona Automotive Institute, 87% of first-time, full-time freshmen received some form of financial aid (about 366 incoming students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 76% | $5,827 |
| Institutional grants & scholarships | 0% | — |
| Federal Pell grants | 75% | $5,572 |
| State/local grants | 25% | $924 |
| Federal student loans | 71% | $6,873 |
Because grants and scholarships do not have to be repaid, they are the most sought-after type of financial aid. At Arizona Automotive Institute, about 75% of undergrads got grants or scholarships worth on average $5,808 (across roughly 656 awardees).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 75% | $5,808 |
| Federal Pell grants | 73% | $5,283 |
| Federal student loans | 70% | $6,495 |
For students living on campus and receiving title-IV aid, grants averaged $4,903.
Because need-based aid scales with family income, what students actually pay differs sharply across income brackets.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $22,155 |
| $30,001 – $75,000 | $23,102 |
| Over $75,000 | $23,729 |
These figures reflect what title-IV aid recipients pay after grant and scholarship aid is applied.
The net price represents the average annual cost a title-IV-receiving student pays after grant aid is subtracted from the full cost of attendance.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $21,459 |
| Off-campus title-IV students | $22,180 |
For an estimate tailored to your family circumstances, see Arizona Automotive Institute’s net price tool: www.aai.edu/NetPrice/aai/.
The median federal debt load at Arizona Automotive Institute comes to $10,661 of cumulative federal debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $10,661 |
| Median federal debt (graduates only) | $15,917 |
| Typical 10-year monthly payment (graduates) | $168.75/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. These percentiles trace how cumulative federal debt is spread among borrowers at Arizona Automotive Institute.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,530 |
| 25th percentile | $6,333 |
| 75th percentile | $13,000 |
| 90th percentile (highest-debt students) | $16,500 |
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 | $10,657 |
| Middle income | $11,457 |
| High income | $9,111 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $10,587 |
| Continuing-generation students | $12,139 |
Dependent vs Independent Students
| Cohort | Median federal debt |
|---|---|
| Dependent students | $9,500 |
| Independent students | $11,943 |
A handful of calculated indicators summarize the debt outlook at Arizona Automotive Institute.
Stafford loans are the federal government’s primary direct undergraduate lending program. Below is the annual Stafford program activity at Arizona Automotive Institute:
| Metric | Value |
|---|---|
| Stafford loan recipients | 126669 |
| Total Stafford loan amount | $1,878,020,953 |
Military-affiliated students can tap the Post-9/11 GI Bill and DoD Tuition Assistance.
GI Bill volume
| Metric | Value |
|---|---|
| GI Bill recipients | 60 |
| Total GI Bill amount | $752,848 |
| Average GI Bill amount per recipient | $12,547 |
References
More about our data sources and methodologies.