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 price of attendance at Austin College can feel tremendous, but do not forget that almost all students receive some sort of financial help.
What financial assistance options will Austin College offer, and what will you qualify for? Read on for more information. Read on to see how much school funding could be available to you.
Eligibility for aid and scholarships is driven mostly by your household’s income and need. Continue reading to find information to help you understand just how much assistance you can expect to receive from Austin College.
Through a mix of loans, grants, work-study and scholarships, schools bring down the effective cost so more students can attend. Bear in mind that not all aid is equal, and the amount any one student receives can vary widely.
For incoming first-year students at Austin College, 100% of first-year full-time students received aid of some kind approximately 296 incoming students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 100% | $37,742 |
| Institutional grants & scholarships | 100% | $33,422 |
| Federal Pell grants | 32% | $5,808 |
| State/local grants | 49% | $4,314 |
| Federal student loans | 52% | $5,553 |
Gift aid — grants and scholarships — beats loans every time because none of it has to be repaid. At Austin College, approximately 100% of undergrads got grants or scholarships worth on average $35,993 (across roughly 1124 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 100% | $35,993 |
| Federal Pell grants | 31% | $5,707 |
| Federal student loans | 50% | $6,633 |
Title-IV recipients living on campus saw average grant aid of $40,500.
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 | $19,083 |
| $30,001 – $75,000 | $20,219 |
| Over $75,000 | $27,787 |
Each amount is the average cost remaining once grant aid is subtracted, by income band.
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 | $21,107 |
| Off-campus title-IV students | $23,451 |
To project your own net price, use Austin College’s NPC: www.austincollege.edu/net-price-calculator.
The median student at Austin College graduates with $17,500 of federal borrowing.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $17,500 |
| Median federal debt (graduates only) | $24,500 |
| Typical 10-year monthly payment (graduates) | $259.74/mo |
Spreading the median graduate debt over a standard 10-year repayment schedule works out to roughly the monthly payment shown above.
The median alone does not show how widely outcomes vary across the student body. The figures below chart the debt distribution at Austin College.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $4,750 |
| 25th percentile | $8,250 |
| 75th percentile | $27,000 |
| 90th percentile (highest-debt students) | $32,495 |
Outcomes differ by income bracket, by first-generation status, and by whether a student is financially dependent.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $17,375 |
| Middle income | $19,250 |
| High income | $17,188 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $19,500 |
| Continuing-generation students | $15,000 |
These indicators are derived from the underlying debt data and summarize the overall picture at Austin College.
Stafford loans make up the bulk of federal direct lending to undergraduates. The annual Stafford volume below reflects program activity at Austin College:
| Metric | Value |
|---|---|
| Stafford loan recipients | 4345 |
| Total Stafford loan amount | $74,722,550 |
GI Bill and DoD Tuition Assistance are the two federal aid programs targeted at military-affiliated students.
GI Bill volume
| Metric | Value |
|---|---|
| GI Bill recipients | 19 |
| Total GI Bill amount | $531,534 |
| Average GI Bill amount per recipient | $27,975 |
References
More about our data sources and methodologies.