American Institute-Somerset
For-profit College in Somerset, NJ. Six-year graduation rate 56%. Median 10-year earnings $28,710.
Ten-year median earnings of $28,710 are on the low side, which raises the bar for what this degree needs to cost. The six-year graduation rate is 56%, meaning about two in five students who start do not finish. Median debt at graduation is $11,979, a light load against those earnings.
Earnings: College Scorecard, median ten years after entry across students who received federal aid — completers and non-completers alike.
- ✓ 3-year loan default 0.0% — below national benchmark
Academics
56% graduate within six years — average, but that average still hides a large group who do not. 80% of full-time first-years return for a second year — a healthy figure. The two rates sit near each other: few students who return for a second year are missing from the six-year completion figure. The student-faculty ratio is 18:1 — typical, which in practice means large lectures early and smaller classes in the major. As a for-profit two-year institution, outcomes here deserve a harder look than the sector average suggests: for-profit institutions vary enormously, and the sector's aggregate numbers hide both strong and very weak performers.
Financial Aid
IPEDS Student Financial Aid · 2023-24 · grant and loan rates against 444 degree- or certificate-seeking undergraduates
Net price lands at $20,464 a year on average, neither cheap nor punishing. The gap between the $0–30k and $110k+ bands is narrow ($19,924 versus $21,944), meaning aid is not strongly need-weighted. 77% of students receive grant aid, averaging $4,172 — common but not automatic. Borrowing is widespread: 83% take federal loans.
Entering first-year students
A different, smaller group than the rates above: full-time students in their first year of college anywhere. The grant series here also excludes the "other sources" counted in the all-undergraduate figure, so the two are not comparable.
IPEDS Student Financial Aid · 2023-24 · 109 students
Net price by family income
The same students as the headline above, limited to those who received Title IV federal aid — a narrower group, with a lower overall average. IPEDS publishes no combined figure across these bands, so they should not be averaged into one.
| Family income band | Average net price |
|---|---|
| $0–30k | $19,924 |
| $30–48k | $20,652 |
| $48–75k | $21,371 |
| $75–110k | $22,566 |
| $110k+ | $21,944 |
IPEDS Student Financial Aid · 2023-24
Federal student loans went to 367 of these 444 students, totalling $2,342,317 — an average of $6,382 each.
IPEDS Student Financial Aid · 2023-24
Local housing costs
Typical rents near campus (Somerset County) — budget these against any cost-of-attendance housing estimate.
HUD Fair Market Rents (40th-percentile gross rent incl. utilities) · FY2026