Financial Aid at American Institute-Somerset
Financial Aid Amount Received
$3,839 (19.69% of tuition)
Percent of Financial Aid Received
84% of 322 students
480 undergraduate students (84% 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 much higher (the average of the schools is 68.10%).
Undergraduate Financial Aid by Type
The average amount of grants of scholarship aid is $3,839 and the average loan amount is $7,967. The average financial aid amount is 19.69% 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 | 480 | 84% | $1,842,527 | $3,839 |
| Pell Grants | 474 | 83% | $1,684,816 | $3,554 |
| Federal Students Loans | 503 | 88% | $4,007,387 | $7,967 |
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), 135 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 $3,995 and the average amount of student loans awarded to full-time first-time undergraduate students is $9,304.
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 | 157 | 100% | - | - |
| Grant or scholarship aid | 135 | 86% | $539,340 | $3,995 |
| Federal Grants | 135 | 86% | $533,687 | $3,953 |
| Pell Grants | 135 | 86% | $518,987 | $3,844 |
| Other Federal Grants | 103 | 66% | $14,700 | $143 |
| State/Local Grants | 1 | 1% | $2,000 | $2,000 |
| Institutional Grants | 1 | 1% | $3,653 | $3,653 |
| Student Loans | 156 | 99% | $1,451,448 | $9,304 |
| Federal Student Loans | 142 | 90% | $1,144,414 | $8,059 |
| Other Student Loans | 103 | 66% | $307,034 | $2,981 |