$3,038

Avg. Federal Grant

$8,040

Avg. Federal Loan

$2,674,305

Total Aid Awarded

American Institute Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

76%

Total Aid Amount Average Total Aid Awarded per year.

$2.674M

Financial Aid Official Website

N/A

Notably, 99% of the students at American Institute-Clifton get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $5,219,666. At AIC, the total percentage of applicants who receive the Federal Grant stands at 92%. On the other hand, 94% of the candidates get the Student Grant, 4% receive the Institution Grant, and 92% get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $3,266, and the same stands at $4,715 for State Grant awardees and $4,609 for Institution Grant recipients. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $2,783. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund their education. However, student loans attract a certain rate of interest at which the funds are borrowed. Candidates are also required to repay these loans within a given period. At American Institute-Clifton, the percentage of candidates who opt to avail of student loans is around 95%.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

91%

State Grant Aid

3%

Institution Grant Aid

18%

Pell Grant

91%

Average Aid Awarded

Federal Grant Aid

$3,038

State Grant Aid

$4,711

Institution Grant Aid

$2,887

Pell Grant

$2,966

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$3,671

$30,001 - $48,000

$3,530

$48,001 - $75,000

$2,563

$75,001 - $110,000

$1,208

Over $110,000

N/A

Student Loans for American Institute

Average Loan Amount Average Loan Amount received per year.

$8,509/Year

Students Taking Out Loans

97%

Loan Default Rate

N/A

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