by our College Data Analytics TeamMany students will not be asked to pay 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 sum total of attendance at Southern Careers Institute-Waco can sound overpowering, but remember that the majority of students get some type of financial assistance.
What financial aid options can Southern Careers Institute - Waco offer you, and what will you qualify for? Keep reading for more information. Read on to find out what amount of financial assistance will be accessible 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 Southern Careers Institute-Waco.
Through a mix of loans, grants, work-study and scholarships, schools bring down the effective cost so more students can attend. Some kinds of aid are clearly preferable to others, and outcomes differ across students.
Among first-time, full-time freshmen at Southern Careers Institute-Waco, 91% of entering full-time freshmen got some type of financial assistance approximately 148 freshmen).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 85% | $4,345 |
| Institutional grants & scholarships | 8% | $731 |
| Federal Pell grants | 83% | $4,365 |
| State/local grants | 0% | — |
| Federal student loans | 72% | $5,573 |
Grants and scholarships are the most valuable form of aid because, unlike loans, they never have to be repaid. Here, roughly 77% of undergraduates were awarded grant or scholarship aid averaging $3,750 (across roughly 235 awardees).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 77% | $3,750 |
| Federal Pell grants | 63% | $4,080 |
| Federal student loans | 59% | $5,156 |
Title-IV recipients living on campus saw average grant aid of $4,107.
Need-based aid means lower-income families typically pay far less than the sticker price suggests.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $22,512 |
| $30,001 – $75,000 | $23,262 |
| Over $75,000 | $24,395 |
These figures reflect what title-IV aid recipients pay after grant and scholarship aid is applied.
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 | $23,140 |
| Off-campus title-IV students | $22,657 |
For an estimate tailored to your family circumstances, see Southern Careers Institute - Waco’s net price calculator: prospect.studentaidprocess.com/saintprospect/(S(ocmfllhcnha2l4egndtg2dgp))/netpricecalculator?corpid=64.
A typical borrower at Southern Careers Institute - Waco leaves with $7,389 in federal loans.
| 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 - Waco.
| 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.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $7,421 |
| Middle income | $7,125 |
| High income | $5,500 |
By First-Generation Status
| 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 |
The figure below distills the debt data into a single burden category for Southern Careers Institute - Waco.
The Stafford program is the federal direct-loan vehicle most undergraduates use. Below is the annual Stafford program activity at Southern Careers Institute - Waco:
| Metric | Value |
|---|---|
| Stafford loan recipients | 38732 |
| Total Stafford loan amount | $277,422,257 |
Veterans and active-duty service members may qualify for the Post-9/11 GI Bill or DoD Tuition Assistance.
Post-9/11 GI Bill recipients
| Metric | Value |
|---|---|
| GI Bill recipients | 12 |
| Total GI Bill amount | $85,517 |
| Average GI Bill amount per recipient | $7,126 |
References
More about our data sources and methodologies.