by our College Data Analytics TeamMost 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 sum total of attendance at Professional Skills Institute can sound overpowering, but remember that the majority of students get some type of financial assistance.
Just what financial aid solutions can Professional Skills Institute provide, and just what are you going to be eligible for? Keep reading for answers. Read on to find out what amount of financial assistance will be accessible to you.
How much aid you qualify for depends largely on your family’s financial circumstances. Read on to get a sense of the financial assistance available at Professional Skills Institute.
Through a mix of loans, grants, work-study and scholarships, schools bring down the effective cost so more students can attend. Bear in mind that not all aid is equal, and the amount any one student receives can vary widely.
Looking at the entering class at Professional Skills Institute, 94% of first-time, full-time freshmen received some form of financial aid around 47 first-years).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 90% | $7,004 |
| Institutional grants & scholarships | 0% | — |
| Federal Pell grants | 90% | $5,600 |
| State/local grants | 24% | $4,792 |
| Federal student loans | 90% | $6,004 |
The best aid is gift aid: grants and scholarships that carry no repayment obligation. At this school, roughly 75% of undergrads got grants or scholarships worth on average $6,832 (for some 300 recipients).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 75% | $6,832 |
| Federal Pell grants | 73% | $5,715 |
| Federal student loans | 86% | $7,965 |
Among title-IV aid recipients living on campus, grant and scholarship aid averaged $6,706.
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 | $19,178 |
| $30,001 – $75,000 | $20,210 |
| Over $75,000 | $24,833 |
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 | $20,721 |
| Off-campus title-IV students | $20,237 |
For a personalized estimate based on your family’s financial situation, use Professional Skills Institute’s NPC: www.proskills.edu/net-price-calculator/.
The middle student in the debt distribution at Professional Skills Institute owes $12,667 of federal student loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $12,667 |
| Median federal debt (graduates only) | $17,813 |
| Typical 10-year monthly payment (graduates) | $188.85/mo |
The 10-year payment estimate assumes a standard federal repayment plan and the median graduate debt amount.
A single median figure conceals how much debt outcomes differ student to student. These percentiles trace how cumulative federal debt is spread among borrowers at Professional Skills Institute.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,167 |
| 25th percentile | $6,334 |
| 75th percentile | $20,000 |
| 90th percentile (highest-debt students) | $24,594 |
Median debt varies by family income, by first-generation status, and by dependency status.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $12,667 |
| Middle income | $14,744 |
| High income | $16,355 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $12,667 |
| Continuing-generation students | $16,238 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $12,000 |
| Independent students | $12,798 |
These indicators are derived from the underlying debt data and summarize the overall picture at Professional Skills Institute.
The Stafford program is the federal direct-loan vehicle most undergraduates use. These figures summarize annual Stafford program activity at Professional Skills Institute:
| Metric | Value |
|---|---|
| Stafford loan recipients | 4434 |
| Total Stafford loan amount | $64,240,654 |
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 | 6 |
| Total GI Bill amount | $53,491 |
| Average GI Bill amount per recipient | $8,915 |
References
More about our data sources and methodologies.