American Institute-Somerset

www.americaninstitute.com

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2022 Average Net Price

$17,621

After Financial Aid

2019 Default Rate

5.6%

on Student Loans

2022 Enrolled Students

322

100% Full-Time

About

American Institute-Somerset is a higher education institution located in Somerset County, NJ. In 2022, the most popular 1 to 2 Year Postsecondary Certificate concentrations at American Institute-Somerset were Medical Assistant (87 degrees awarded) and Dental Assisting (22 degrees).

In 2022, 147 degrees were awarded across all undergraduate and graduate programs at American Institute-Somerset. 91.2% of these degrees were awarded to women, and 8.84% awarded men. The most common race/ethnicity group of degree recipients was hispanic or latino (55 degrees), 1.08 times more than then the next closest race/ethnicity group, black or african american (51 degrees).

In 2019 the default rate for borrower's at American Institute-Somerset was 5.6%, corresponding to 66 out of the 1179 total borrowers.

Not applicable, not in Carnegie universe (not accredited or nondegree-granting)Unknown

Costs

After taking grants and loans into account, the average net price for students is $17,621.

In 2022, 84% of undergraduate students attending American Institute-Somerset received financial aid through grants. Comparatively, 88% of undergraduate students received financial aid through loans.

Average Net Price

$17,621

2022 Value

3.15%

1 Year Growth

In 2022 American Institute-Somerset had an average net price — the price paid after factoring in grants and loans — of $17,621. Between 2021 and 2022, the average net price of American Institute-Somerset grew by 3.15%.

This chart compares the average net price of American Institute-Somerset (in red) with that of other similar universities.

Average net price is calculated from full-time beginning undergraduate students who were awarded a grant or scholarship from federal, state or local governments, or the institution.

Financial Aid by Income Level

84%

Undergraduates Receiving Financial Aid through Grants

88%

Undergraduates Receiving Financial Aid through Loans

84% of undergraduate students at American Institute-Somerset received financial aid through grants or loans in 2022. This represents a growth of 23.5% with respect to 2021, when 68% of undergraduate students received financial aid.

This chart compares the average award discount at American Institute-Somerset (in red) with that of other similar universities.

The average award discount is the ratio between the average grant or scholarship value, and the cost, which is the sum of out-of-state tuition, room, board, book, supplies, and other expenses.

Student Loan Default Rate

Cohort default rates only account for borrowers who default in the first three years, and some schools only have a small proportion of borrowers entering repayment. These rates should be interpreted with caution, as they may not be reflective of the entire school population.

5.6%

2019 Default Rate

Number of Defaults

In 2019 the default rate for borrower's at American Institute-Somerset was 5.6%, which represents 66 out of the 1179 total borrowers.

A cohort default rate is the percentage of a school's borrowers who enter repayment on certain Federal Family Education Loan (FFEL) Program or William D. Ford Federal Direct Loan (Direct Loan) Program loans during a particular federal fiscal year (FY), October 1 to September 30, and default or meet other specified conditions prior to the end of the second following fiscal year.

Enrollment

American Institute-Somerset had a total enrollment of 322 students in 2022. The full-time enrollment at American Institute-Somerset is 322 students and the part-time enrollment is 0. This means that 100% of students enrolled at American Institute-Somerset are enrolled full-time.

The enrolled student population at American Institute-Somerset, both undergraduate and graduate, is 51.2% Hispanic or Latino, 26.7% Black or African American, 15.2% White, 3.11% Asian, and 2.48% Two or More Races.

Students enrolled at American Institute-Somerset in full-time Undergraduate programs are most commonly Hispanic or Latino Female (47.8%), followed by Black or African American Female (23%) and White Female (14.3%).

Full-Time vs Part-Time Enrollment

100%

Full-Time Enrollment

The total enrollment at American Institute-Somerset in 2022, both undergraduate and graduate, is 322 students. The full-time enrollment at American Institute-Somerset is 322 and the part-time enrollment is 0.

This chart shows the full-time vs part-time enrollment status at American Institute-Somerset (in red) compares to similar universities.

Retention Rate over Time

75%

2022 Retention Rate

Retention rate measures the number of first-time students who began their studies the previous fall and returned to school the following fall. The retention rate for full-time undergraduates at American Institute-Somerset was 75%.

This chart shows the retention rate over time at American Institute-Somerset (highlighted in red) compares to similar universities.

Enrollment by Race & Ethnicity

Most Common Race or Ethnicity (2022)

Hispanic or Latino
165 enrolled students
Black or African American
86 enrolled students
White
49 enrolled students

The enrolled student population at American Institute-Somerset is 51.2% Hispanic or Latino, 26.7% Black or African American, 15.2% White, 3.11% Asian, and 2.48% Two or More Races. This includes both full-time and part-time students as well as graduate and undergraduates.

Graduates

In 2022, 121 more women than men received degrees from American Institute-Somerset. The most common race/ethnicity group of degree recipients at American Institute-Somerset is hispanic or latino (55 degrees awarded). There were 1.08 times more hispanic or latino recipients than the next closest race/ethnicity group, black or african american (51 degrees).

The most common 1 to 2 Year Postsecondary Certificate concentration at American Institute-Somerset is Medical Assistant (87 degrees awarded), followed by Dental Assisting (22 degrees).

Majors Awarded

IPEDS uses the Classification of Instructional Programs (CIP) standard, so the categories may not match the exact concentrations offered by American Institute-Somerset.

Most Common (2022)

Medical Assistant
87 degrees awarded
Dental Assisting
22 degrees awarded

In 2022, the most common 1 to 2 year postsecondary certificate concentration at American Institute-Somerset was Medical Assistant with 87 degrees awarded.

This visualization illustrates the percentage of degree-majors recipients from 1 to 2 year postsecondary certificate programs at American Institute-Somerset according to their major.

Sex Breakdown for Common Majors

Degrees Awarded to Men

in 2022

134

Degrees Awarded to Women

in 2022

In 2022, 13 degrees were awarded to men at American Institute-Somerset, which is 0.097 times less than the number of degrees awarded to females (134).

This chart displays the sex disparity between the top 5 majors at American Institute-Somerset by degrees awarded.

Most Common Male Majors

In 2022, 5 degrees were awarded to men at American Institute-Somerset in Medical Assistant, which is 0.061 times less than the 82 female recipients with that same degree.

Most Common Female Majors

In 2022, 82 degrees were awarded to men at American Institute-Somerset in Medical Assistant, which is 16.4 times more than the 5 male recipients with that same degree.

Time to Complete

21%

100% Completion Time

52%

150% Completion Time

In 2022, 21% of students graduating from American Institute-Somerset completed their program within 100% "normal time" (i.e. 4 years for a 4-year degree). Comparatively, 52% completed their degrees within 150% of the normal time, and 52% within 200%.

The following chart shows these completion rates over time compared to the average for the Carnegie Classification group.

Graduation rate is defined as the percentage of full-time, first-time students who received a degree or award within a specific percentage of "normal time" to completion for their program.

Race & Ethnicity by Share

Most Common Student Race or Ethnicity (2022)

Hispanic or Latino
55 degrees awarded
Black or African American
51 degrees awarded
White
28 degrees awarded

The most common race/ethnicity at American Institute-Somerset is hispanic or latino (55 degrees awarded). There were 1.08 times more hispanic or latino recipients than the next closest race/ethnicity group, black or african american (51 degrees).

6.12% of degree recipients (9 students) did not report their race.

Race & Ethnicity by Sex

Most Common Sex Demographic (2022)

Hispanic or Latino Female
52 degrees awarded
Black or African American Female
46 degrees awarded
White Female
24 degrees awarded

The most common race/ethnicity and sex grouping at American Institute-Somerset is hispanic or latino female (52 degrees awarded). There were 1.13 times more hispanic or latino female recipients than the next closest race/ethnicity group, black or african american female (46 degrees).

Operations

Salary Expenditure

$1.19M

2022 Salaries

28.8%

growth from 2021

In 2022, American Institute-Somerset paid a median of $1.19M in salaries, a 28.8% growth from the previous year. This is compared to a 5.66% growth between 2020 and 2021, and a 16.7% growth between 2019 and 2020.

The median for similar is 668k (13.2% of overall expenditures).

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