Financial Aid at American Institute-Somerset
Financial Aid Amount Received
$4,229 (21.69% of tuition)
Percent of Financial Aid Received
83% of 322 students
400 undergraduate students (83% of all students) have received grants, scholarships, and/or federal student loans at American Institute-Somerset. The percentage of students who received financial aid much higher compared to Private (for-profit), 2-4 Years Colleges in New Jersey.
Compared to similar schools in rankings such as Fortis Institute-Wayne and Adult and Continuing Education-BCTS, the percentage of students who received financial aid is higher (the average of the schools is 69.20%).
Undergraduate Financial Aid by Type
The average amount of grants of scholarship aid is $4,229 and the average loan amount is $7,362. The average financial aid amount is 21.69% of tuition & fees (tuition & fees: $19,495).
| Number Receiving Aid | Percent Receiving Aid | Total Amount of Aid Received | Average Amount of Aid Received | |
|---|---|---|---|---|
| Grant or scholarship aid | 400 | 83% | $1,691,609 | $4,229 |
| Pell Grants | 396 | 82% | $1,549,728 | $3,913 |
| Federal Students Loans | 406 | 84% | $2,988,815 | $7,362 |
Undergraduate Student Financial Aid Comparison Chart
First-time (full-time) Undergraduate Students Financial Aid
For the full-time, first-time undergraduate students (freshmen, in most cases), 78 students have received one or more types of financial aid at American Institute-Somerset.
The average amount of federal, state, local or institutional grant aid is $6,126 and the average amount of student loans awarded to full-time first-time undergraduate students is $10,059.
The following table shows the financial data by type of aid at American Institute-Somerset.
First-time Undergraduate Financial Aid by Type
| Number Receiving Aid | Percent Receiving Aid | Total Amount of Aid Received | Average Amount of Aid Received | |
|---|---|---|---|---|
| Any Financial Aid | 93 | 100% | - | - |
| Grant or scholarship aid | 78 | 84% | $477,843 | $6,126 |
| Federal Grants | 78 | 84% | $431,189 | $5,528 |
| Pell Grants | 78 | 84% | $422,414 | $5,416 |
| Other Federal Grants | 60 | 65% | $8,775 | $146 |
| State/Local Grants | 6 | 6% | $18,000 | $3,000 |
| Institutional Grants | 6 | 6% | $28,654 | $4,776 |
| Student Loans | 87 | 94% | $875,114 | $10,059 |
| Federal Student Loans | 80 | 86% | $638,418 | $7,980 |
| Other Student Loans | 66 | 71% | $236,696 | $3,586 |