by our College Data Analytics TeamA large number of students will not be asked to pay the complete price tag of a school. Rather, they are presented a financial aid deal that includes a mix of loans, grants, scholarships, and possibly work-study opportunities. The total price of attendance at Southern Careers Institute-Austin can feel tremendous, but do not forget that almost all students receive some sort of financial help.
Just what financial assistance solutions will Southern Careers Institute - Austin deliver, and just what are you going to be eligible for? Read on for answers. 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. Continue reading to find information to help you understand just how much assistance you can expect to receive from Southern Careers Institute-Austin.
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.
For incoming first-year students at Southern Careers Institute-Austin, 89% of first-time, full-time freshmen received some form of financial aid some 711 incoming students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 82% | $4,217 |
| Institutional grants & scholarships | 12% | $1,459 |
| Federal Pell grants | 78% | $4,186 |
| State/local grants | 0% | — |
| Federal student loans | 68% | $5,392 |
The best aid is gift aid: grants and scholarships that carry no repayment obligation. At this school, approximately 74% of undergraduates were awarded an average grant or scholarship of $3,794 (covering around 1159 recipients).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 74% | $3,794 |
| Federal Pell grants | 60% | $3,957 |
| Federal student loans | 56% | $4,983 |
Among title-IV aid recipients living on campus, grant and scholarship aid averaged $4,308.
The figures below show the average net price — cost after all grant and scholarship aid — broken out by family income.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $23,380 |
| $30,001 – $75,000 | $23,427 |
| Over $75,000 | $25,118 |
Each amount is the average cost remaining once grant aid is subtracted, by income band.
The net price strips out grant and scholarship aid from the sticker price to show roughly what families really pay.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $25,660 |
| Off-campus title-IV students | $23,458 |
For a personalized estimate based on your family’s financial situation, use Southern Careers Institute - Austin’s NPC: prospect.studentaidprocess.com/saintprospect/(S(ocmfllhcnha2l4egndtg2dgp))/netpricecalculator?corpid=64.
The middle student in the debt distribution at Southern Careers Institute - Austin owes $7,389 of federal borrowing.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $7,389 |
| Median federal debt (graduates only) | $8,708 |
| Typical 10-year monthly payment (graduates) | $92.32/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. These percentiles trace how cumulative federal debt is spread among borrowers at Southern Careers Institute - Austin.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,687 |
| 25th percentile | $4,750 |
| 75th percentile | $9,500 |
| 90th percentile (highest-debt students) | $9,500 |
Outcomes differ by income bracket, by first-generation status, and by whether a student is financially dependent.
Debt by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $7,421 |
| Middle income | $7,125 |
| High income | $5,500 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $7,389 |
| Continuing-generation students | $7,319 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $7,125 |
| Independent students | $7,917 |
These indicators are derived from the underlying debt data and summarize the overall picture at Southern Careers Institute - Austin.
The Stafford program is the federal direct-loan vehicle most undergraduates use. The annual Stafford volume below reflects program activity at Southern Careers Institute - Austin:
| Metric | Value |
|---|---|
| Stafford loan recipients | 38732 |
| Total Stafford loan amount | $277,422,257 |
GI Bill and DoD Tuition Assistance are the two federal aid programs targeted at military-affiliated students.
GI Bill volume
| Metric | Value |
|---|---|
| GI Bill recipients | 161 |
| Total GI Bill amount | $1,359,193 |
| Average GI Bill amount per recipient | $8,442 |
References
More about our data sources and methodologies.