by our College Data Analytics TeamMost students will not be asked to pay the complete price tag of a school. Rather, they are presented a financial aid deal that includes a mix of loans, grants, scholarships, and possibly work-study opportunities. The sum total of attendance at The College of the Florida Keys can sound tremendous, but do not forget that almost all students get some type of financial help.
Just what financial aid solutions can CFK provide, and just what are you going to be eligible for? Keep reading for answers. Keep reading to find out how much school funding will be available to you.
Your financial aid package, which may contain grants and scholarships, will be determined on your financial need. The figures below will help you estimate the aid you might receive from The College of the Florida Keys.
Through a mix of loans, grants, work-study and scholarships, schools bring down the effective cost so more students can attend. However, some types of aid are more desirable than others, and some students will receive more than others.
Among first-time, full-time freshmen at The College of the Florida Keys, 53% of the incoming full-time class was awarded financial aid approximately 57 new students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 44% | $6,673 |
| Institutional grants & scholarships | 20% | $1,887 |
| Federal Pell grants | 31% | $7,053 |
| State/local grants | 21% | $1,567 |
| Federal student loans | 35% | $5,408 |
Unlike loans, grants and scholarships are gift aid that does not need to be paid back, making them the most desirable form of assistance. At CFK, approximately 42% of undergraduates were awarded grant or scholarship aid averaging $6,291 (covering around 361 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 42% | $6,291 |
| Federal Pell grants | 28% | $6,289 |
| Federal student loans | 33% | $7,523 |
Among title-IV aid recipients living on campus, grant and scholarship aid averaged $6,031.
Since aid is largely need-based, the real cost of attendance falls steeply for lower-income families.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $12,503 |
| $30,001 – $75,000 | $13,826 |
| Over $75,000 | $18,412 |
Each figure is the net price after grants and scholarships, not the published sticker price.
After grants and scholarships come off the published price, what remains is the net price — the best estimate of true out-of-pocket cost.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $13,636 |
| Off-campus title-IV students | $13,818 |
To get a personalized net price estimate, try CFK’s net price tool: www.cfk.edu/paying-for-college/financial-aid/.
Graduating students at CFK carry a median federal student debt of $8,250 in federal loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $8,250 |
| Median federal debt (graduates only) | $9,500 |
| Typical 10-year monthly payment (graduates) | $100.72/mo |
At a typical 10-year repayment schedule, the median graduate would pay about the monthly figure above.
The median alone does not show how widely outcomes vary across the student body. Use the percentiles below to see the debt range at CFK.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,000 |
| 25th percentile | $3,500 |
| 75th percentile | $10,500 |
| 90th percentile (highest-debt students) | $20,125 |
Median debt varies by family income, by first-generation status, and by dependency status.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $9,352 |
| Middle income | $7,750 |
| High income | $6,500 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $8,922 |
| Continuing-generation students | $5,500 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,500 |
| Independent students | $9,500 |
A handful of calculated indicators summarize the debt outlook at CFK.
Stafford loans are the federal government’s primary direct undergraduate lending program. The annual Stafford volume below reflects program activity at CFK:
| Metric | Value |
|---|---|
| Stafford loan recipients | 1870 |
| Total Stafford loan amount | $22,639,954 |
Veterans and active-duty service members may qualify for the Post-9/11 GI Bill or DoD Tuition Assistance.
GI Bill volume
| Metric | Value |
|---|---|
| GI Bill recipients | 100 |
| Total GI Bill amount | $257,168 |
| Average GI Bill amount per recipient | $2,572 |
Active-duty Tuition Assistance recipients
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 4 |
| Total DoD amount | $11,329 |
| Average DoD amount per recipient | $2,832 |
References
More about our data sources and methodologies.