by our College Data Analytics TeamMost 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 total cost of going to Austin Community College District can seem tremendous, but do not forget that almost all students are given some form of financial help.
Just what financial aid solutions can Austin Community College District deliver, and just what are you going to be eligible for? Keep reading for answers. Scroll down to find out how much school funding will be available 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 Austin Community College District.
Financial assistance, available as scholarships, loans, and work-study, is a way schools lower the price of attendance so many students can enroll. Note that some aid is more valuable than the rest, and individual awards are far from uniform.
At Austin Community College District, 52% of first-time, full-time freshmen received some form of financial aid some 1205 first-years).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 43% | $9,527 |
| Institutional grants & scholarships | 12% | $1,939 |
| Federal Pell grants | 40% | $7,941 |
| State/local grants | 18% | $3,450 |
| Federal student loans | 15% | $5,008 |
Because grants and scholarships do not have to be repaid, they are the most sought-after type of financial aid. At Austin Community College District, roughly 27% of undergrads got grants or scholarships worth on average $7,158 (among about 9513 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 27% | $7,158 |
| Federal Pell grants | 24% | $6,533 |
| Federal student loans | 13% | $6,053 |
Among title-IV aid recipients living on campus, grant and scholarship aid averaged $8,800.
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 | $1,641 |
| $30,001 – $75,000 | $4,864 |
| Over $75,000 | $10,730 |
The numbers above are post-aid net prices, so they already account for grants and scholarships.
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 | $6,390 |
| Off-campus title-IV students | $6,306 |
For an estimate tailored to your family circumstances, see Austin Community College District’s NPC: apps.highered.texas.gov/apps/NPC/?Fice=012015.
Graduating students at Austin Community College District carry a median federal student debt of $6,126 of federal student loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $6,126 |
| Median federal debt (graduates only) | $10,499 |
| Typical 10-year monthly payment (graduates) | $111.31/mo |
That monthly figure reflects the median graduate debt repaid on a standard 10-year federal schedule.
Percentiles reveal the spread — half of all borrowers fall between the 25th and 75th percentiles. The figures below chart the debt distribution at Austin Community College District.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $1,750 |
| 25th percentile | $2,000 |
| 75th percentile | $7,250 |
| 90th percentile (highest-debt students) | $13,458 |
Median debt varies by family income, by first-generation status, and by dependency status.
Debt by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $7,198 |
| Middle income | $5,500 |
| High income | $5,500 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $6,219 |
| Continuing-generation students | $5,750 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,500 |
| Independent students | $9,313 |
The Department of Education computes summary indicators that describe debt outcomes at a glance. Austin Community College District.
The Stafford loan program is the largest source of federal direct loans to undergraduates. Below is the annual Stafford program activity at Austin Community College District:
| Metric | Value |
|---|---|
| Stafford loan recipients | 59269 |
| Total Stafford loan amount | $533,078,485 |
If you are a veteran or active-duty service member, the GI Bill and DoD Tuition Assistance are the primary federal programs you can use at this school.
Post-9/11 GI Bill recipients
| Metric | Value |
|---|---|
| GI Bill recipients | 1611 |
| Total GI Bill amount | $4,909,498 |
| Average GI Bill amount per recipient | $3,047 |
Active-duty Tuition Assistance recipients
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 142 |
| Total DoD amount | $94,695 |
| Average DoD amount per recipient | $667 |
References
More about our data sources and methodologies.