by our College Data Analytics TeamMost students will never be charged the full, advertised sticker price of a school. Instead, they will be given a financial aid offer that will include a combination of scholarships, grants, loans, and work-study. The price tag of going to GateWay Community College can appear overpowering, but remember that the majority of students obtain some kind of financial assistance.
Just what financial aid solutions can GateWay Community College deliver, and just what are you going to be eligible for? Keep reading for answers. Keep reading to see what amount of financial assistance could be accessible to you.
How much aid you qualify for depends largely on your family’s financial circumstances. Use the information below to understand how much financial assistance you may get from GateWay Community College.
Financial assistance, available as scholarships, loans, and work-study, is a way schools lower the price of attendance so many students can enroll. Keep in mind that certain forms of assistance are more beneficial than others, and aid amounts differ from student to student.
For freshmen starting at GateWay Community College, 48% of the incoming full-time class was awarded financial aid around 57 new students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 44% | $5,077 |
| Institutional grants & scholarships | 18% | $962 |
| Federal Pell grants | 37% | $4,917 |
| State/local grants | 3% | $2,456 |
| Federal student loans | 13% | $1,575 |
Because grants and scholarships do not have to be repaid, they are the most sought-after type of financial aid. Here, roughly 36% of undergraduate students received gift aid averaging $3,619 (across approximately 292 recipients).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 36% | $3,619 |
| Federal Pell grants | 23% | $4,008 |
| Federal student loans | 5% | $1,513 |
For on-campus title-IV students, average grant aid came to $2,819.
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 | $3,943 |
| $30,001 – $75,000 | $4,305 |
These figures reflect what title-IV aid recipients pay after grant and scholarship aid is applied.
Net price is the average annual cost after grants and scholarships are subtracted from the published cost of attendance — the figure closest to what a typical aid-receiving student actually pays.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $14,438 |
| Off-campus title-IV students | $4,239 |
For a customized cost estimate, visit GateWay Community College’s NPC: www.gatewaycc.edu/enroll/paying-for-college.
The median federal debt load at GateWay Community College comes to $4,500 of cumulative federal debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $4,500 |
| Median federal debt (graduates only) | $6,750 |
| Typical 10-year monthly payment (graduates) | $71.56/mo |
Spreading the median graduate debt over a standard 10-year repayment schedule works out to roughly the monthly payment shown above.
The median alone does not show how widely outcomes vary across the student body. The four reference points below map the debt distribution at GateWay Community College.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $1,750 |
| 25th percentile | $3,250 |
| 75th percentile | $12,750 |
| 90th percentile (highest-debt students) | $21,000 |
How much a student borrows depends heavily on family income, first-gen status, and dependency.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $4,500 |
| Middle income | $4,500 |
| High income | $4,500 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $4,500 |
| Continuing-generation students | $5,250 |
Dependent vs Independent Students
| Cohort | Median federal debt |
|---|---|
| Dependent students | $3,500 |
| Independent students | $4,500 |
Federal data publishes pre-calculated indicators that summarize debt outcomes. GateWay Community College.
The Stafford program is the federal direct-loan vehicle most undergraduates use. The aggregate figures below show how active the program is at GateWay Community College:
| Metric | Value |
|---|---|
| Stafford loan recipients | 15164 |
| Total Stafford loan amount | $173,824,960 |
References
More about our data sources and methodologies.