by our College Data Analytics TeamA lot of students will not be asked to pay the advertised price of a school. Instead, they will be provided a financial aid package that will include a combination of scholarships, grants, loans, and work-study. The total price of attendance at Platt College-Anaheim can feel overpowering, but remember that the majority of students receive some sort of financial assistance.
Just what financial aid solutions can Platt College - Anaheim provide, and just what are you going to be eligible for? Keep reading for answers. Keep reading to discover just how much financial aid could be open 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 Platt College-Anaheim.
Through a mix of loans, grants, work-study and scholarships, schools bring down the effective cost so more students can attend. Note that some aid is more valuable than the rest, and individual awards are far from uniform.
For incoming first-year students at Platt College-Anaheim, 82% of new full-time first-years were awarded at least some aid approximately 61 students).Type of Aid % of Freshmen Receiving Average Amount Grant or scholarship aid (all sources) 66% $6,988 Institutional grants & scholarships 28% $1,824 Federal Pell grants 55% $6,586 State/local grants 5% $6,265 Federal student loans 78% $10,159
Unlike loans, grants and scholarships are gift aid that does not need to be paid back, making them the most desirable form of assistance. At this school, some 63% of undergraduates were awarded an average grant or scholarship of $6,200 (across approximately 256 students).Award % of Undergrads Receiving Average Amount Grant or scholarship aid (all sources) 63% $6,200 Federal Pell grants 54% $6,033 Federal student loans 78% $9,574
Among title-IV aid recipients living on campus, grant and scholarship aid averaged $5,492.
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 $25,065 $30,001 – $75,000 $25,923 Over $75,000 $28,492
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 $22,678 Off-campus title-IV students $25,680
For an estimate tailored to your family circumstances, see Platt College - Anaheim’s online cost calculator: plattcollege.edu/financial-aid/.
A typical borrower at Platt College - Anaheim leaves with $15,215 in federal student debt.Metric Amount Median federal debt (all student-aid borrowers) $15,215 Median federal debt (graduates only) $18,685 Typical 10-year monthly payment (graduates) $198.09/mo
Under a standard ten-year plan, the median graduate’s monthly payment lands near the figure above.
The numbers below show the full range, not just the middle of the distribution. The four reference points below map the debt distribution at Platt College - Anaheim.Percentile Cumulative Federal Debt 10th percentile (lowest-debt students) $3,613 25th percentile $10,133 75th percentile $25,052 90th percentile (highest-debt students) $32,492
The figures below break down median federal debt by income tier, first-generation status, and dependency.
By Family IncomeIncome tier Median federal debt Low income $14,874 Middle income $16,370 High income $14,000
First-Gen vs Continuing-Gen Median DebtCohort Median federal debt First-generation students $15,013 Continuing-generation students $16,555
Dependent vs Independent StudentsCohort Median federal debt Dependent students $12,681 Independent students $17,903
A handful of calculated indicators summarize the debt outlook at Platt College - Anaheim.
Stafford loans are the federal government’s primary direct undergraduate lending program. The totals below capture Stafford lending at Platt College - Anaheim:Metric Value Stafford loan recipients 12669 Total Stafford loan amount $226,318,092
Military-affiliated students can tap the Post-9/11 GI Bill and DoD Tuition Assistance.
Post-9/11 GI Bill activityMetric Value GI Bill recipients 12 Total GI Bill amount $161,578 Average GI Bill amount per recipient $13,465
References
More about our data sources and methodologies.