by our College Data Analytics TeamA lot 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 price of attendance at Mcallen Careers Institute can feel overwhelming, but bear in mind that many students receive some sort of financial aid.
What financial assistance options will Mcallen Careers Institute offer, and what will you qualify for? Read on for more information. Scroll down to discover how much school funding could be available 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 information provided on this page can help you determine how much aid you may receive from Mcallen Careers Institute.
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.
Among first-time, full-time freshmen at Mcallen Careers Institute, 100% of entering full-time freshmen got some type of financial assistance roughly 261 freshmen).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 100% | $4,955 |
| Institutional grants & scholarships | 100% | $500 |
| Federal Pell grants | 97% | $4,475 |
| State/local grants | 2% | $4,260 |
| Federal student loans | 85% | $5,279 |
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 Mcallen Careers Institute, about 100% of undergraduate students received gift aid averaging $4,956 (among about 261 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 100% | $4,956 |
| Federal Pell grants | 97% | $4,475 |
| Federal student loans | 85% | $5,279 |
Title-IV recipients living on campus saw average grant aid of $4,955.
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 | $21,823 |
| $30,001 – $75,000 | $22,664 |
Each figure is the net price after grants and scholarships, not the published sticker price.
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 | $17,356 |
| Off-campus title-IV students | $21,615 |
To project your own net price, use Mcallen Careers Institute’s net price tool: www.mcallencareersinstitute.edu/npc/index.html.
Graduating students at Mcallen Careers Institute carry a median federal student debt of $9,500 of federal student loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $9,500 |
| Median federal debt (graduates only) | $9,500 |
| Typical 10-year monthly payment (graduates) | $100.72/mo |
That monthly figure reflects the median graduate debt repaid on a standard 10-year federal schedule.
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 | $9,500 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $9,500 |
| Independent students | $9,500 |
These indicators are derived from the underlying debt data and summarize the overall picture at Mcallen Careers Institute.
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 Mcallen Careers Institute:
| Metric | Value |
|---|---|
| Stafford loan recipients | 329 |
| Total Stafford loan amount | $2,587,635 |
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 | 14 |
| Total GI Bill amount | $240,380 |
| Average GI Bill amount per recipient | $17,170 |
References
More about our data sources and methodologies.