OVERVIEW PROGRAMS AND TUITION ADMISSIONSFINANCIAL AID

Southern Careers Institute (SCI) Financial Aid and Scholarships 2022

Some of the programs offered by the institute are BUSINESS (Administrative Assistant, Business Administration, Business Accounting Specialist) BEAUTY (Cosmetology Operator) MEDICAl (Medical Assistant, Medical Billing, and Coding, Medical Office Specialist, Nurse Aide, Pharmacy Technician), TECHNOLOGY (Computer Support Specialist), TRADES (Automotive Service Technician, Commercial Motor Vehicle Operator, Electrical Technician, HVAC, Welding)

ONLINE (Business Administration, Business Ac

$3,284

Avg. Federal Grant

$4,688

Avg. Federal Loan

$2,511,791

Total Aid Awarded

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Southern Careers Institute (SCI) Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

70%

Total Aid Amount Average Total Aid Awarded per year.

$2.512M

Financial Aid Official Website

www.scitexas.edu/financial-services/

We understand that affording a higher or vocational degree might be easy for some but of a major concern for others. Southern Careers Institute makes this a little less worrisome for their prospective students by introducing a number of ways in which you might access a financial aid. The following types are listed below.

Scholarships

Southern Careers Institute (SCI) advises you to get all your queries answered before you make a decision to apply for an admission. You could book an appointment with a Financial Aid team member who will guide you through the process of application for financial aids and also help in sorting out the scholarships that you are eligible for. You may book an appointment through this link.

Grants

The Government Grants are offered by the states and the federal government on the basis of the financial needs. The main categories under this are the Federal Pell Grants, FSEOG and the Supplemental Education Opportunity Grants.

The institutional grants are sponsored by the educational institute itself and serve as an extra financial assistance for many students.

Federal work-study programs provide the students an opportunity to fund their own education by doing a part-time job.

The Veterans Benefits can be received by the Military cadets, their spouses and their dependent children which will cover the housing and tuition expenses.

Loans

The Federal loans are offered at an interest which is generally lower than any other private loans. All you need to do is fill the FAFSA.

Students also derive tax benefits by the American Opportunity Tax Credit (AOTC) and the Lifetime Learning Credit (LCC) which will cover the cost of education.

The William D.Ford Federal Direct Loan Program is an institutional loan provided to the deserving candidates.

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Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

58%

State Grant Aid

N/A

Institution Grant Aid

20%

Pell Grant

58%

Average Aid Awarded

Federal Grant Aid

$3,284

State Grant Aid

$3,706

Institution Grant Aid

$1,004

Pell Grant

$3,231

The Federal loan received by the students on an average is $4,688 and the federal grant is received by 58% students up to an amount of $3,284. The average amount of PELL grants is $3231 which is also enjoyed by almost 58% candidates.

The state grant average amount stands at $3,706 and the institutional grants are $1,004 which is received by 20% students only. The Southern Careers Institute financial aid fund is a total sum of $2,511,791 which is received by 70% of the students.

73% students also apply for student loans and the default rate is around 24.3%. The average amount of student loan is $4,677.

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$3,580

$30,001 - $48,000

$3,805

$48,001 - $75,000

$1,796

$75,001 - $110,000

$287

Over $110,000

N/A

We have further segregated the amount of Southern Careers Institute financial aid received by each family income bracket to facilitate your decision making. If you want a more detailed read on financial aid, you might visit the link provided.

If you fall under a family income category under 30,000 then you might be eligible to receive a small sum of $1,004 as financial aid. A family income category ranging from $30,001 - $48,000 can expect the same amount to go down to $3,580. For an income range between $48,001 to $75,000 the expected financial aid that you might expect to receive can be close enough to a figure of $3,805.

On the other hand, a family income falling under the range of $75,001 - $110,000 can avail for a financial aid up to $1,796. For any family with an income range falling over and above $110,000 may get an amount of $287 in return for financial aid.

Student Loans for Southern Careers Institute (SCI)

Average Loan Amount Average Loan Amount received per year.

$4,677/Year

Students Taking Out Loans

73%

Loan Default Rate

24.3%

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