by our College Data Analytics TeamMany students will never be charged 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 SABER College can sound tremendous, but do not forget that almost all students get some type of financial help.
What financial assistance options will SABER College offer you, and what will you qualify for? Read on for more information. Scroll down to find out what amount of financial assistance will be accessible to you.
Your financial aid package, which may contain grants and scholarships, will be determined on your financial need. The figures below will help you estimate the aid you might receive from SABER College.
Financial assistance, available as scholarships, loans, and work-study, is a way schools lower the price of attendance so many students can enroll. Bear in mind that not all aid is equal, and the amount any one student receives can vary widely.
Among first-time, full-time freshmen at SABER College, 100% of new full-time first-years were awarded at least some aid around 246 first-years).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 95% | $5,469 |
| Institutional grants & scholarships | 0% | — |
| Federal Pell grants | 95% | $5,469 |
| State/local grants | 0% | — |
| Federal student loans | 67% | $9,401 |
Because grants and scholarships do not have to be repaid, they are the most sought-after type of financial aid. Here, some 89% of the undergraduate population received grant aid that averaged $3,682 (across roughly 378 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 89% | $3,682 |
| Federal Pell grants | 89% | $3,682 |
| Federal student loans | 76% | $9,404 |
For students living on campus and receiving title-IV aid, grants averaged $5,469.
Since aid is largely need-based, the real cost of attendance falls steeply for lower-income families.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $10,311 |
| $30,001 – $75,000 | $12,151 |
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 | $11,009 |
| Off-campus title-IV students | $9,123 |
To get a personalized net price estimate, try SABER College’s net price tool: sabercollege.edu/Net-Price-Calculator.html.
The middle student in the debt distribution at SABER College owes $22,000 in federal student debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $22,000 |
| Median federal debt (graduates only) | $22,000 |
| Typical 10-year monthly payment (graduates) | $233.24/mo |
Under a standard ten-year plan, the median graduate’s monthly payment lands near the figure above.
The median alone does not show how widely outcomes vary across the student body. The percentiles below describe the cumulative federal debt distribution for borrowers at SABER College.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $5,500 |
| 25th percentile | $19,694 |
| 75th percentile | $32,500 |
| 90th percentile (highest-debt students) | $32,500 |
The figure below distills the debt data into a single burden category for SABER College.
Stafford loans make up the bulk of federal direct lending to undergraduates. These figures summarize annual Stafford program activity at SABER College:
| Metric | Value |
|---|---|
| Stafford loan recipients | 2064 |
| Total Stafford loan amount | $46,342,978 |
References
More about our data sources and methodologies.