by our College Data Analytics TeamThe majority of students will never be charged 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 Platt College-Aurora can appear overwhelming, but bear in mind that many students obtain some kind of financial aid.
Just what financial assistance solutions will Platt College - Aurora deliver, and just what are you going to be eligible for? Read on for answers. Keep going to see how much school funding could be available to you.
The amount of financial aid and scholarships you are eligible for will vary depending on your family’s income. Use the information below to understand how much financial assistance you may get from Platt College-Aurora.
Colleges use loans, grants, scholarships and work-study to minimize what students actually pay out of pocket. Note that some aid is more valuable than the rest, and individual awards are far from uniform.
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 | $41,444 |
| $30,001 – $75,000 | $42,391 |
| Over $75,000 | $44,255 |
Each figure is the net price after grants and scholarships, not the published sticker price.
The median student at Platt College - Aurora graduates with $33,443 of cumulative federal debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $33,443 |
| Median federal debt (graduates only) | $42,125 |
| Typical 10-year monthly payment (graduates) | $446.6/mo |
The 10-year payment estimate assumes a standard federal repayment plan and the median graduate debt amount.
The median alone does not show how widely outcomes vary across the student body. The figures below chart the debt distribution at Platt College - Aurora.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,666 |
| 25th percentile | $14,000 |
| 75th percentile | $45,000 |
| 90th percentile (highest-debt students) | $48,000 |
The figures below break down median federal debt by income tier, first-generation status, and dependency.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $39,742 |
| Middle income | $34,096 |
| High income | $27,160 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $34,192 |
| Continuing-generation students | $31,424 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $26,375 |
| Independent students | $35,833 |
A handful of calculated indicators summarize the debt outlook at Platt College - Aurora.
The Stafford program is the federal direct-loan vehicle most undergraduates use. The annual Stafford volume below reflects program activity at Platt College - Aurora:
| Metric | Value |
|---|---|
| Stafford loan recipients | 1514 |
| Total Stafford loan amount | $38,495,180 |
References
More about our data sources and methodologies.