by our College Data Analytics TeamA large number 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, Philadelphia can appear tremendous, but do not forget that almost all students obtain some kind of financial help.
What financial assistance options will Prism Career Institute offer you, and what will you qualify for? Read on for more information. Keep going to learn just how much financial aid will be open to you.
The amount of financial aid you can receive varies from person to person and will depend on your family’s economic situation. Use the information below to understand how much financial assistance you may get from Prism Career Institute, Philadelphia.
Through a mix of loans, grants, work-study and scholarships, schools bring down the effective cost so more students can attend. However, some types of aid are more desirable than others, and some students will receive more than others.
At Prism Career Institute, Philadelphia, 91% of entering full-time freshmen got some type of financial assistance roughly 169 incoming students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 86% | $5,124 |
| Institutional grants & scholarships | 0% | — |
| Federal Pell grants | 84% | $4,755 |
| State/local grants | 12% | $2,818 |
| Federal student loans | 75% | $8,183 |
Gift aid — grants and scholarships — beats loans every time because none of it has to be repaid. At Prism Career Institute, approximately 82% of undergraduate students received gift aid averaging $5,185 (for some 473 undergraduates).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 82% | $5,185 |
| Federal Pell grants | 80% | $4,814 |
| Federal student loans | 67% | $8,274 |
Among title-IV aid recipients living on campus, grant and scholarship aid averaged $5,089.
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 | $26,823 |
| $30,001 – $75,000 | $26,471 |
| Over $75,000 | $31,388 |
Each figure is the net price after grants and scholarships, not the published sticker price.
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 | $29,960 |
| Off-campus title-IV students | $27,173 |
For a personalized estimate based on your family’s financial situation, use Prism Career Institute’s net price calculator: www.prismcareerinstitute.edu/netprice/all-campus-npcalc.htm.
The middle student in the debt distribution at Prism Career Institute owes $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 |
At a typical 10-year repayment schedule, the median graduate would pay about the monthly figure above.
The numbers below show the full range, not just the middle of the distribution. The percentiles below describe the cumulative federal debt distribution for borrowers 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 |
How much a student borrows depends heavily on family income, first-gen status, and dependency.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $16,458 |
| Middle income | $16,892 |
| High income | $13,200 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $16,625 |
| Continuing-generation students | $17,093 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $10,176 |
| Independent students | $17,092 |
These indicators are derived from the underlying debt data and summarize the overall picture at Prism Career Institute.
The Stafford program is the federal direct-loan vehicle most undergraduates use. The annual Stafford volume below reflects program activity at Prism Career Institute:
| Metric | Value |
|---|---|
| Stafford loan recipients | 8780 |
| Total Stafford loan amount | $105,049,073 |
If you are a veteran or active-duty service member, the GI Bill and DoD Tuition Assistance are the primary federal programs you can use at this school.
GI Bill volume
| Metric | Value |
|---|---|
| GI Bill recipients | 4 |
| Total GI Bill amount | $36,780 |
| Average GI Bill amount per recipient | $9,195 |
References
More about our data sources and methodologies.