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 Prism Career Institute, Cherry Hill can appear overwhelming, but bear in mind that many students obtain some kind of financial aid.
What financial assistance options will Prism Career Institute offer, and what will you qualify for? Read on for more information. Keep scrolling to see just how much financial aid could be open to you.
How much aid you qualify for depends largely on your family’s financial circumstances. The information provided on this page can help you determine how much aid you may receive from Prism Career Institute, Cherry Hill.
Financial aid, in the form of loans, grants, work-study, and scholarships, is one way colleges reduce the cost of attendance so most students can actually afford to attend. Note that some aid is more valuable than the rest, and individual awards are far from uniform.
For freshmen starting at Prism Career Institute, Cherry Hill, 83% of first-time, full-time freshmen received some form of financial aid some 97 freshmen).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 75% | $5,169 |
| Institutional grants & scholarships | 0% | — |
| Federal Pell grants | 74% | $4,924 |
| State/local grants | 2% | $8,895 |
| Federal student loans | 72% | $7,918 |
The best aid is gift aid: grants and scholarships that carry no repayment obligation. At this school, around 77% of undergraduate students received gift aid averaging $5,328 (covering around 316 undergraduates).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 77% | $5,328 |
| Federal Pell grants | 76% | $5,197 |
| Federal student loans | 65% | $8,254 |
For on-campus title-IV students, average grant aid came to $4,837.
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 | $28,238 |
| $30,001 – $75,000 | $29,235 |
| Over $75,000 | $32,010 |
The numbers above are post-aid net prices, so they already account for grants and scholarships.
After grants and scholarships come off the published price, what remains is the net price — the best estimate of true out-of-pocket cost.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $30,147 |
| Off-campus title-IV students | $28,909 |
For a customized cost estimate, visit Prism Career Institute’s online cost calculator: www.prismcareerinstitute.edu/netprice/all-campus-npcalc.htm.
Graduating students at Prism Career Institute carry a median federal student debt of $16,645 in federal loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $16,645 |
| Median federal debt (graduates only) | $17,200 |
| Typical 10-year monthly payment (graduates) | $182.35/mo |
That monthly figure reflects the median graduate debt repaid on a standard 10-year federal schedule.
The numbers below show the full range, not just the middle of the distribution. The figures below chart the debt distribution at Prism Career Institute.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $4,669 |
| 25th percentile | $7,600 |
| 75th percentile | $17,200 |
| 90th percentile (highest-debt students) | $17,200 |
The figures below break down median federal debt by income tier, first-generation status, and dependency.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $16,458 |
| Middle income | $16,892 |
| High income | $13,200 |
First-Gen vs Continuing-Gen Median Debt
| Cohort | Median federal debt |
|---|---|
| First-generation students | $16,625 |
| Continuing-generation students | $17,093 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $10,176 |
| Independent students | $17,092 |
The Department of Education computes summary indicators that describe debt outcomes at a glance. Prism Career Institute.
The Stafford program is the federal direct-loan vehicle most undergraduates use. These figures summarize annual Stafford program activity at Prism Career Institute:
| Metric | Value |
|---|---|
| Stafford loan recipients | 8780 |
| Total Stafford loan amount | $105,049,073 |
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 | 2 |
| Total GI Bill amount | $26,163 |
| Average GI Bill amount per recipient | $13,082 |
References
More about our data sources and methodologies.