by our College Data Analytics TeamMost students will not be asked to pay 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 sum total of attendance at North Idaho College can sound tremendous, but do not forget that almost all students get some type of financial help.
What financial assistance options will NIC offer, and what will you qualify for? Read on for more information. Keep going to find out what amount of financial assistance will be accessible to you.
Eligibility for aid and scholarships is driven mostly by your household’s income and need. The information provided on this page can help you determine how much aid you may receive from North Idaho College.
Financial aid, in the form of loans, grants, work-study, and scholarships, is one way colleges reduce the cost of attendance so most students can actually afford to attend. However, some types of aid are more desirable than others, and some students will receive more than others.
For incoming first-year students at North Idaho College, 84% of the incoming full-time class was awarded financial aid some 367 incoming students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 84% | $6,550 |
| Institutional grants & scholarships | 60% | $2,778 |
| Federal Pell grants | 41% | $6,427 |
| State/local grants | 26% | $3,144 |
| Federal student loans | 21% | $4,150 |
Because grants and scholarships do not have to be repaid, they are the most sought-after type of financial aid. At NIC, around 41% of the undergraduate population received grant aid that averaged $5,211 (across approximately 1630 awardees).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 41% | $5,211 |
| Federal Pell grants | 24% | $5,427 |
| Federal student loans | 16% | $4,542 |
On-campus students receiving title-IV aid were awarded grants averaging $7,758.
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 | $9,807 |
| $30,001 – $75,000 | $11,088 |
| Over $75,000 | $14,964 |
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 | $10,575 |
| Off-campus title-IV students | $11,481 |
For an estimate tailored to your family circumstances, see NIC’s net price tool: www.nic.edu/financialaid/your-right-to-know/net-price-calculator/.
The middle student in the debt distribution at NIC owes $5,500 of federal student loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $5,500 |
| Median federal debt (graduates only) | $9,000 |
| Typical 10-year monthly payment (graduates) | $95.41/mo |
At a typical 10-year repayment schedule, the median graduate would pay about the monthly figure above.
A single median figure conceals how much debt outcomes differ student to student. The percentiles below describe the cumulative federal debt distribution for borrowers at NIC.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $1,750 |
| 25th percentile | $2,905 |
| 75th percentile | $11,250 |
| 90th percentile (highest-debt students) | $21,000 |
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 | $5,903 |
| Middle income | $5,119 |
| High income | $5,288 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $5,500 |
| Continuing-generation students | $5,333 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $4,538 |
| Independent students | $6,506 |
Federal data publishes pre-calculated indicators that summarize debt outcomes. NIC.
The Stafford loan program is the largest source of federal direct loans to undergraduates. These figures summarize annual Stafford program activity at NIC:
| Metric | Value |
|---|---|
| Stafford loan recipients | 15352 |
| Total Stafford loan amount | $168,986,460 |
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 | 118 |
| Total GI Bill amount | $288,375 |
| Average GI Bill amount per recipient | $2,444 |
Active-duty Tuition Assistance recipients
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 2 |
| Total DoD amount | $3,023 |
| Average DoD amount per recipient | $1,512 |
References
More about our data sources and methodologies.