by our College Data Analytics TeamMany students are not billed 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 The College of Health Care Professions-Austin can feel overpowering, but remember that the majority of students receive some sort of financial assistance.
Just what financial assistance solutions will CHCP - Austin provide, and just what are you going to be eligible for? Read on for answers. Read on to learn just how much financial aid will be open to you.
Eligibility for aid and scholarships is driven mostly by your household’s income and need. Read on to get a sense of the financial assistance available at The College of Health Care Professions-Austin.
Financial aid, in the form of loans, grants, work-study, and scholarships, is one way colleges reduce the cost of attendance so most students can actually afford to attend. Bear in mind that not all aid is equal, and the amount any one student receives can vary widely.
At The College of Health Care Professions-Austin, 90% of first-year full-time students received aid of some kind roughly 353 first-years).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 84% | $5,202 |
| Institutional grants & scholarships | 38% | $390 |
| Federal Pell grants | 80% | $5,256 |
| State/local grants | 0% | — |
| Federal student loans | 77% | $6,447 |
Grants and scholarships are the most valuable form of aid because, unlike loans, they never have to be repaid. Across the undergraduate body at CHCP - Austin, around 77% of undergrads got grants or scholarships worth on average $4,983 (among about 1038 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 77% | $4,983 |
| Federal Pell grants | 67% | $5,401 |
| Federal student loans | 71% | $7,008 |
For students living on campus and receiving title-IV aid, grants averaged $4,794.
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 | $25,346 |
| $30,001 – $75,000 | $26,389 |
| Over $75,000 | $31,091 |
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 | $27,575 |
| Off-campus title-IV students | $25,479 |
For a personalized estimate based on your family’s financial situation, use CHCP - Austin’s net price tool: www.chcp.edu/npcalc/npcalc.htm.
Graduating students at CHCP - Austin carry a median federal student debt of $9,096 in federal loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $9,096 |
| Median federal debt (graduates only) | $9,120 |
| Typical 10-year monthly payment (graduates) | $96.69/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. Use the percentiles below to see the debt range at CHCP - Austin.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,656 |
| 25th percentile | $5,500 |
| 75th percentile | $9,500 |
| 90th percentile (highest-debt students) | $16,500 |
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 | $9,097 |
| Middle income | $9,103 |
| High income | $5,689 |
First-Gen vs Continuing-Gen Median Debt
| Cohort | Median federal debt |
|---|---|
| First-generation students | $9,074 |
| Continuing-generation students | $9,104 |
Dependent vs Independent Students
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,500 |
| Independent students | $9,104 |
A handful of calculated indicators summarize the debt outlook at CHCP - Austin.
Stafford loans are the federal government’s primary direct undergraduate lending program. These figures summarize annual Stafford program activity at CHCP - Austin:
| Metric | Value |
|---|---|
| Stafford loan recipients | 5295 |
| Total Stafford loan amount | $45,151,759 |
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 | 81 |
| Total GI Bill amount | $1,022,386 |
| Average GI Bill amount per recipient | $12,622 |
References
More about our data sources and methodologies.