Understanding American International College Tuition and Fees

American International College (AIC) is dedicated to providing an accessible and affordable, first-class education for all students. AIC strives to make the college experience understandable to anyone wanting to pursue a quality education. When considering higher education, understanding the costs involved is crucial. This article breaks down the tuition, fees, financial aid options, and other expenses associated with attending American International College (AIC).

The Cost of Attendance

The annual tuition to attend American International College is $42,970, which is the same for both in-state and out-of-state students. This figure includes both tuition and fees, often referred to as the sticker price. Compared with the national average cost of tuition of $46,950, American International College is cheaper.

Additional Expenses

Beyond tuition, students should also budget for other costs, including:

Room and Board: On-campus room and board is provided by the school at a cost of $16,260 per academic year.
Books and Supplies: \$1,300 per year (This is an out-of-pocket expense and is not charged to the student's account).
Personal Expenses: \$1,000 per year.
Transportation: \$1,000 per year.
Additional Living Expenses: If living on-campus, students should budget for $1,870 in additional living expenses.

Therefore, CollegeSimply has modeled example payment coverage for the annual tuition and living expenses of $62,300.

Comprehensive Fee

The comprehensive fee allows AIC to provide both undergraduate and graduate students with a variety of services that enhance their college experience in the classroom and beyond.

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Important Considerations

Continuous Enrollment Fee: The Continuous Enrollment fee is charged once per term and is non-refundable. Students must pay the fee prior to the end of the add/drop period. Students are required to maintain Continuous Enrollment each term, including summers for programs requiring summer work, until their degree has been conferred. Continuous Enrollment is non-credit and non-graded.
Student Health Insurance: The Commonwealth of Massachusetts mandates that all matriculated full-time and three-quarter-time students attending an institution of higher education who are not enrolled solely in short-term courses or in an online program must be enrolled in a qualifying Student Health Plan that meets established minimum benefit guidelines. AIC automatically applies the insurance fee but it may be waived during the add-drop period of the initial term for the year if the student has comparable coverage with another carrier. A 12-month plan, the insurance covers the period between August 1st and July 31st of the following year. *This is a brief overview of the plan and additional terms and conditions apply. Contact Student Accounts for complete plan information. Policy information is posted on the my.aic.edu portal.
Withdrawal Policy: Students who withdraw prior to the end of the add/drop period for the term (or session) will receive a 100% reversal of tuition, fees, residence hall and meal charges. A limited pro-rate schedule specific to each academic calendar is applied for all withdrawals from the college that occur after the add/drop period.
Parking Decal: All on-campus students are required to purchase a parking decal. Students interested in housing should contact Residence Life.
Rates Subject to Change: All rates are subject to change.

Understanding Net Price

The average reported annual net price for American International College for students receiving grants or scholarship aid was $21,454 in 2019/2020. The net price provides a more realistic estimate of the true cost of attending American International College, once common grants and scholarships have been taken into account.

Factors Influencing Net Price

It's important to note that your net price will fluctuate based on factors such as family income, assets, and individual financial need. The net price you pay for a particular college is specific to you because it’s based on your personal circumstances and the college’s financial aid policies. To get the most accurate estimate of your net price, use the college’s Net Price calculator.

Financial Aid Opportunities

AIC was founded on the principles of providing access to higher education and removing barriers. We’re dedicated to ensuring that all students have access to a quality, affordable education. And we do everything we can to make the process of applying for financial aid easy. As soon as you’ve received your admission letter, you may apply for financial aid.

Financial aid can include grants, loans, scholarships, and work-study jobs. Financial aid packages vary depending on your financial need. Most colleges determine financial need based on your FAFSA. 100% of students receive financial aid. The average aid package is $27,360.

Types of Financial Aid

Grants: Grants can be given out by the federal government, your state, or the college and are based on your financial need. Grants do not need to be repaid.
Scholarships: Scholarships are a type of funding that you don’t need to pay back. Need-based scholarships take a student’s financial status into account. Merit-based scholarships are awarded to students for academic or athletic achievement. You might also qualify for a scholarship based on your community service involvement, unique hobbies or traits, your personal background, or a parent’s employer or military affiliation. Some students receive enough in scholarship money to cover their tuition and living expenses.
Loans: Student loans are sums of money given to students to help them pay for college now. You must pay this money back later with interest. The average need-based loan amount is $4,500. Federal Student Loans are not grants and must be repaid with interest.
Work-Study: Working while in school can help lessen the burden of your student loans. Schools offer work-study programs to those who qualify and campus jobs to students looking to earn money in their free time. Some institutions match students with work-study positions, while others require them apply to the positions, like they would for any other job. Begin your job search by checking whether your college has in-person or online job boards.

Financial Aid Details

Students Receiving Financial Aid: 100%
Average Aid Package Awarded: \$27,360
Average Need-Based Scholarship or Grant Award (First-year Students): Not available

Important Dates

Application Due: May 1. The last day to apply for financial aid or turn in related paperwork.
Priority Application Due: May 1. Applications received prior to this date will be given the strongest consideration. Still apply for financial aid if you don’t make this due date.
Notification Date: Nov 1. When students receive a letter with the amount and types of aid the college is offering.
Response Due: Not available. The deadline for students to respond to the college’s aid offer.

How to Apply

To be considered for financial aid, you must first file the Free Application for Federal Student Aid (FAFSA). Your eligibility for financial aid is determined by applying for financial aid via the Free Application for Federal Student Aid (FAFSA). Financial aid packages may include federal student loans or federal grants if you qualify. American International College’s code is 002114.

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Student Loan Debt

How much student loan debt you accumulate can affect your financial life long after college ends. Ideally, your total student loan debt should fall below your anticipated starting salary once you graduate.

At American International College, the median federal loan debt among borrowers who completed their undergraduate degree is $27,000. The median monthly federal loan payment (if it were repaid over 10 years at 5.05% interest) for student federal loan borrowers who graduated is $286.

Things to Consider About Student Loans

Federal Loan Options: This federal loan is available to students who do not qualify on the basis of need. Students are charged interest from the time the loan is disbursed until it is paid in full. The interest rate is set annually. If students choose to let the interest accrue while in school or during other periods of nonpayment, it will be capitalized, meaning that the interest will be added to the principle of the loan.
Loan Repayment: In order to afford student loan payments and still meet all your other costs of living, it is recommended not to borrow more than you can pay back using 10% of your monthly income earned after graduation.
Realistic Expectations: If you're considering attending American International College, you should consider if it will be realistic to make the post-graduation loan payments based on your expected salary.

Additional Financial Aid Information

98% of full-time undergrad American International College received financial aid in the form of grants, scholarships, fellowships from the institution or from Federal, State or local government agencies. This aid averaged $34,009 per student during the 2019/2020 school year. The average Pell Grant awarded for 2019/2020 was $5,216.

AIC participates in the Yellow Ribbon Program and is G.I. Bill certified.

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