Scholarships, Grants, and Loan Trends at Austin Career Institute

Over the past 4 years (2019-2022), the average number of students who received grants aid/scholarships is 96, which is 64.00 % of all undergraduate students. 51 students which is 34.67% of undergraduate students received federal student loans and the average loan amount is $3,967.

For full-time, first-time beginning students (freshmen), 78.00% of students received grants or scholarships and 40% of students received student loans.

School Home 2023 Financial Aid

All Undergraduate Students Financial Aid Over Time

The following table and chart show the trends of financial aid for all undergraduate students at Austin Career Institute since 2019.

For that period, the average number of students who received grants aid/scholarships is 96, which is 64.00 % of all undergraduate students. 51 students which is 34.67% of undergraduate students received federal student loans and the average loan amount is $3,967.

Year	Grant or Scholarship^*		Pell Grants		Federal Student Loans
Year	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount
2019-20	108 (68%)	$11,444	17 (11%)	$2,057	19 (12%)	$4,689
2020-21	97 (71%)	$6,467	47 (34%)	$2,871	76 (55%)	$3,505
2021-22	83 (53%)	$3,600	83 (53%)	$3,600	58 (37%)	$3,706
Average	96 (64.00%)	$7,170	49 (32.67%)	$2,843	51 (34.67%)	$3,967

Freshmen (First-time, Full-time Undergraduate) Financial Aid Over Time

Overview

For the last 4 years, on average, 96 (78.00 % of students) received grants or scholarships and its average amount is $4,445. It can cover 25.55% of tuition & fees ($17,395).

In addition, 51 (40.00 % of students) students get helped from the students loans (average amount : $3,967).

Year	Grants or Scholarships^*		Student Loans
Year	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount
2019-20	108 (95%)	$3,267	19 (17%)	$4,689
2020-21	97 (71%)	$6,467	76 (55%)	$3,505
2021-22	83 (68%)	$3,600	58 (48%)	$3,706
Average	96 (78.00%)	$4,445	51 (40.00%)	$3,967

^*Grant or scholarship aid includes aid received, from the federal government, state or local government, the institution, and other sources known by the institution.

^**percentage of number of students receiving aids among all undergraduate students.

Grants/Scholarship

The following table shows the trends of grants or scholarships over time. For the last 4 years, on average, 49 (39.00 % of students) received Pell (federal) grants and its average amount is $2,843.

In addition, 103 students received State/local government grants/scholarships (83.00 % of students).

Year	Federal (Pell) Grants		Other Federal		State/Local government		Institutional
Year	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount
2019-20	17 (15%)	$2,057	46 (40%)	$1,000	108 (95%)	$2,518	-	-
2020-21	47 (34%)	$2,871	-	-	97 (71%)	$5,076	-	-
2021-22	83 (68%)	$3,600	-	-	-	-	-	-
Average	49 (39.00%)	$2,843	46 (40.00%)	$1,000	103 (83.00%)	$3,797	-	-

^*Grant or scholarship aid includes aid received, from the federal government, state or local government, the institution, and other sources known by the institution.

^**percentage of number of students receiving aids among all undergraduate students..

Student Loans

The following table describes number of students and average amount of loans by loan type. The following table shows the trends of grants or scholarships over time.

For the last 4 years, on average, 51 (40.00 % of students) get any students loan help and its average loan amount is $51.

Year	Total		Federal student loans		Other student loans
Year	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount
2019-20	19 (17%)	$4,689	19 (17%)	$4,689	-	-
2020-21	76 (55%)	$3,505	76 (55%)	$3,505	-	-
2021-22	58 (48%)	$3,706	58 (48%)	$3,706	-	-
Average	51 (40.00%)	$3,967	51 (40.00%)	$3,967	-	-

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