by our College Data Analytics TeamA lot of students are not billed the advertised price of a school. Instead, they will be provided a financial aid package that will include a combination of scholarships, grants, loans, and work-study. The price tag of going to Gould’s Academy can appear overpowering, but remember that the majority of students obtain some kind of financial assistance.
What financing options does Gould’s Academy offer, and what will you qualify for? Keep scrolling for more information. Keep reading to find out just how much financial aid will be open to you.
The amount of financial aid you can receive varies from person to person and will depend on your family’s economic situation. Read on to get a sense of the financial assistance available at Gould’s Academy.
Aid such as grants, loans, work-study, and scholarships helps colleges decrease the real cost of attendance for most students. Some kinds of aid are clearly preferable to others, and outcomes differ across students.
Looking at the entering class at Gould’s Academy, 90% of first-time, full-time freshmen received some form of financial aid some 47 freshmen).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 81% | $5,494 |
| Institutional grants & scholarships | 0% | — |
| Federal Pell grants | 81% | $5,494 |
| State/local grants | 0% | — |
| Federal student loans | 75% | $6,186 |
Because grants and scholarships do not have to be repaid, they are the most sought-after type of financial aid. At this school, roughly 59% of undergrads got grants or scholarships worth on average $5,341 (across approximately 164 awardees).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 59% | $5,341 |
| Federal Pell grants | 58% | $5,108 |
| Federal student loans | 56% | $6,602 |
For students living on campus and receiving title-IV aid, grants averaged $4,755.
How much a family pays depends heavily on income, because most aid is awarded on the basis of financial need.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $10,116 |
| $30,001 – $75,000 | $13,077 |
| Over $75,000 | $15,380 |
These figures reflect what title-IV aid recipients pay after grant and scholarship aid is applied.
The net price strips out grant and scholarship aid from the sticker price to show roughly what families really pay.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $11,001 |
| Off-campus title-IV students | $11,205 |
For a customized cost estimate, visit Gould’s Academy’s official net price calculator: gouldsacademy.com/net-price-calculator/.
The median federal debt load at Gould’s Academy comes to $7,767 of cumulative federal debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $7,767 |
| Median federal debt (graduates only) | $7,767 |
| Typical 10-year monthly payment (graduates) | $82.34/mo |
Under a standard ten-year plan, the median graduate’s monthly payment lands near the figure above.
Percentiles reveal the spread — half of all borrowers fall between the 25th and 75th percentiles. The figures below chart the debt distribution at Gould’s Academy.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $4,303 |
| 25th percentile | $4,584 |
| 75th percentile | $9,500 |
| 90th percentile (highest-debt students) | $10,269 |
The figures below break down median federal debt by income tier, first-generation status, and dependency.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $7,767 |
| Middle income | $7,677 |
| High income | $7,917 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $7,767 |
| Continuing-generation students | $7,767 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,500 |
| Independent students | $7,767 |
The Department of Education computes summary indicators that describe debt outcomes at a glance. Gould’s Academy.
Stafford loans are the federal government’s primary direct undergraduate lending program. These figures summarize annual Stafford program activity at Gould’s Academy:
| Metric | Value |
|---|---|
| Stafford loan recipients | 1283 |
| Total Stafford loan amount | $8,876,700 |
GI Bill and DoD Tuition Assistance are the two federal aid programs targeted at military-affiliated students.
Post-9/11 GI Bill activity
| Metric | Value |
|---|---|
| GI Bill recipients | 0 |
| Total GI Bill amount | $0 |
References
More about our data sources and methodologies.