by our College Data Analytics TeamThe majority of 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 cost of going to Carrington College-Albuquerque can seem overpowering, but remember that the majority of students are given some form of financial assistance.
Just what financial aid solutions can Carrington College, Albuquerque deliver, and just what are you going to be eligible for? Keep reading for answers. Keep reading to discover what amount of financial assistance could be accessible to you.
Your financial aid package, which may contain grants and scholarships, will be determined on your financial need. Continue reading to find information to help you understand just how much assistance you can expect to receive from Carrington College-Albuquerque.
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.
For freshmen starting at Carrington College-Albuquerque, 94% of first-time, full-time freshmen received some form of financial aid roughly 126 new students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 90% | $5,938 |
| Institutional grants & scholarships | 0% | — |
| Federal Pell grants | 88% | $5,112 |
| State/local grants | 10% | $5,612 |
| Federal student loans | 87% | $7,756 |
Grants and scholarships are the most valuable form of aid because, unlike loans, they never have to be repaid. At this school, some 65% of undergraduates were awarded grant or scholarship aid averaging $5,156 (among about 337 recipients).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 65% | $5,156 |
| Federal Pell grants | 63% | $4,416 |
| Federal student loans | 69% | $7,279 |
For students living on campus and receiving title-IV aid, grants averaged $7,382.
How much a family pays depends heavily on income, because most aid is awarded on the basis of financial need.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $39,922 |
| $30,001 – $75,000 | $40,769 |
These figures reflect what title-IV aid recipients pay after grant and scholarship aid is applied.
Net price is the cost remaining after grant and scholarship aid is subtracted from the sticker price, and it is the most useful single number for estimating real cost.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $49,030 |
| Off-campus title-IV students | $39,922 |
To get a personalized net price estimate, try Carrington College, Albuquerque’s official net price calculator: carrington.edu/financial-aid/how-much-will-it-cost/.
A typical borrower at Carrington College, Albuquerque leaves with $9,298 in federal student debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $9,298 |
| Median federal debt (graduates only) | $9,500 |
| Typical 10-year monthly payment (graduates) | $100.72/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. The four reference points below map the debt distribution at Carrington College, Albuquerque.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,166 |
| 25th percentile | $5,500 |
| 75th percentile | $9,500 |
| 90th percentile (highest-debt students) | $22,201 |
Median debt varies by family income, by first-generation status, and by dependency status.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $9,229 |
| Middle income | $9,496 |
| High income | $9,500 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $9,240 |
| Continuing-generation students | $9,500 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,555 |
| Independent students | $9,500 |
The Department of Education computes summary indicators that describe debt outcomes at a glance. Carrington College, Albuquerque.
The Stafford program is the federal direct-loan vehicle most undergraduates use. The annual Stafford volume below reflects program activity at Carrington College, Albuquerque:
| Metric | Value |
|---|---|
| Stafford loan recipients | 38690 |
| Total Stafford loan amount | $457,320,667 |
The GI Bill and DoD Tuition Assistance are the main federal aid routes for veterans and service members.
Post-9/11 GI Bill recipients
| Metric | Value |
|---|---|
| GI Bill recipients | 12 |
| Total GI Bill amount | $118,482 |
| Average GI Bill amount per recipient | $9,874 |
DoD program volume
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 0 |
| Total DoD amount | $0 |
References
More about our data sources and methodologies.