$4,223

Avg. Federal Grant

$5,515

Avg. Federal Loan

$1,726,735

Total Aid Awarded

American College for Medical Careers Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

71%

Total Aid Amount Average Total Aid Awarded per year.

$1.727M

Financial Aid Official Website

N/A

It is interesting to note that, every year, around 79% of students at ACMC receive some kind of financial aid, while the total amount of assistance/loans provided is $976,735. At ACMC, the total percentage of applicants who receive the Federal Grant stands at 73%. On the other hand, 73% of the candidates get the Student Grant, while 73% receive the Pell Grant. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $3,656. Among other things, the annual family income of the applicant plays a major role in determining the total financial aid they are actually eligible to receive. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for their education. But, they should understand that student loans are borrowed at a certain rate of interest, unlike grants and scholarships. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. At ACMC, an estimated number of 54% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

72%

State Grant Aid

N/A

Institution Grant Aid

N/A

Pell Grant

72%

Average Aid Awarded

Federal Grant Aid

$4,223

State Grant Aid

N/A

Institution Grant Aid

N/A

Pell Grant

$4,123

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$4,381

$30,001 - $48,000

$4,002

$48,001 - $75,000

$3,940

$75,001 - $110,000

N/A

Over $110,000

N/A

Student Loans for American College for Medical Careers

Average Loan Amount Average Loan Amount received per year.

$5,515/Year

Students Taking Out Loans

57%

Loan Default Rate

N/A

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