by our College Data Analytics TeamMany students will not be asked to pay 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 total price of attendance at The Recording Conservatory of Austin can feel overwhelming, but bear in mind that many students receive some sort of financial aid.
What financial aid options can The Recording Conservatory of Austin offer you, and what will you qualify for? Keep reading for more information. Keep going to learn just how much financial aid will be open to you.
The amount of financial aid and scholarships you are eligible for will vary depending on your family’s income. Read on to get a sense of the financial assistance available at The Recording Conservatory of Austin.
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.
At The Recording Conservatory of Austin, 100% of the incoming full-time class was awarded financial aid some 33 first-years).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 61% | $4,540 |
| Institutional grants & scholarships | 0% | — |
| Federal Pell grants | 61% | $4,100 |
| State/local grants | 0% | — |
| Federal student loans | 91% | $9,500 |
Unlike loans, grants and scholarships are gift aid that does not need to be paid back, making them the most desirable form of assistance. At The Recording Conservatory of Austin, roughly 19% of undergrads got grants or scholarships worth on average $4,753 (for some 20 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 19% | $4,753 |
| Federal Pell grants | 19% | $4,150 |
| Federal student loans | 36% | $9,500 |
Title-IV recipients living on campus saw average grant aid of $1,648.
Need-based aid means lower-income families typically pay far less than the sticker price suggests.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $27,158 |
| $30,001 – $75,000 | $28,810 |
| Over $75,000 | $31,507 |
The numbers above are post-aid net prices, so they already account for grants and scholarships.
Net price is the average annual cost after grants and scholarships are subtracted from the published cost of attendance — the figure closest to what a typical aid-receiving student actually pays.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $29,859 |
| Off-campus title-IV students | $29,459 |
To get a personalized net price estimate, try The Recording Conservatory of Austin’s online cost calculator: www.trcoa.edu/.
A typical borrower at The Recording Conservatory of Austin leaves with $4,125 of cumulative federal debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $4,125 |
A handful of calculated indicators summarize the debt outlook at The Recording Conservatory of Austin.
The Stafford program is the federal direct-loan vehicle most undergraduates use. These figures summarize annual Stafford program activity at The Recording Conservatory of Austin:
| Metric | Value |
|---|---|
| Stafford loan recipients | 82 |
| Total Stafford loan amount | $522,670 |
Military-affiliated students can tap the Post-9/11 GI Bill and DoD Tuition Assistance.
Post-9/11 GI Bill activity
| Metric | Value |
|---|---|
| GI Bill recipients | 21 |
| Total GI Bill amount | $312,480 |
| Average GI Bill amount per recipient | $14,880 |
References
More about our data sources and methodologies.