by our College Data Analytics TeamA lot of students are not billed the full, advertised sticker price of a school. Instead, they will be given a financial aid offer that will include a combination of scholarships, grants, loans, and work-study. The price tag of going to Carrington College-Phoenix North can appear overpowering, but remember that the majority of students obtain some kind of financial assistance.
What financial aid options can Carrington College, Phoenix offer you, and what will you qualify for? Keep reading for more information. Scroll down to discover what amount of financial assistance could be accessible to you.
The amount of financial aid and scholarships you are eligible for will vary depending on your family’s income. Continue reading to find information to help you understand just how much assistance you can expect to receive from Carrington College-Phoenix North.
Aid such as grants, loans, work-study, and scholarships helps colleges decrease the real cost of attendance for most students. However, some types of aid are more desirable than others, and some students will receive more than others.
For incoming first-year students at Carrington College-Phoenix North, 93% of first-time, full-time freshmen received some form of financial aid around 527 new students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 82% | $5,011 |
| Institutional grants & scholarships | 0% | — |
| Federal Pell grants | 81% | $4,693 |
| State/local grants | 2% | $5,771 |
| Federal student loans | 82% | $6,918 |
Unlike loans, grants and scholarships are gift aid that does not need to be paid back, making them the most desirable form of assistance. Across the undergraduate body at Carrington College, Phoenix, around 57% of undergrads got grants or scholarships worth on average $4,542 (across roughly 994 undergraduates).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 57% | $4,542 |
| Federal Pell grants | 56% | $4,170 |
| Federal student loans | 63% | $6,437 |
A typical borrower at Carrington College, Phoenix leaves with $9,298 of cumulative federal 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 |
Spreading the median graduate debt over a standard 10-year repayment schedule works out to roughly the monthly payment shown above.
Percentiles reveal the spread — half of all borrowers fall between the 25th and 75th percentiles. The four reference points below map the debt distribution at Carrington College, Phoenix.
| 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 |
How much a student borrows depends heavily on family income, first-gen status, and dependency.
Debt by Income Tier
| 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 |
Dependent vs Independent Students
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,555 |
| Independent students | $9,500 |
A handful of calculated indicators summarize the debt outlook at Carrington College, Phoenix.
The Stafford loan program is the largest source of federal direct loans to undergraduates. The aggregate figures below show how active the program is at Carrington College, Phoenix:
| Metric | Value |
|---|---|
| Stafford loan recipients | 38690 |
| Total Stafford loan amount | $457,320,667 |
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 | 46 |
| Total GI Bill amount | $558,786 |
| Average GI Bill amount per recipient | $12,148 |
DoD program volume
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 0 |
| Total DoD amount | $0 |
References
More about our data sources and methodologies.