by our College Data Analytics TeamA large number of students are not billed 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 total price of attendance at Porter and Chester Institute of Hamden can feel tremendous, but do not forget that almost all students receive some sort of financial help.
Just what financial assistance solutions will Porter and Chester Institute of Hamden deliver, and just what are you going to be eligible for? Read on for answers. Read on to discover what amount of financial assistance could be accessible to you.
Your financial aid package, which may contain grants and scholarships, will be determined on your financial need. Continue reading to find information to help you understand just how much assistance you can expect to receive from Porter and Chester Institute of Hamden.
Colleges use loans, grants, scholarships and work-study to minimize what students actually pay out of pocket. Note that some aid is more valuable than the rest, and individual awards are far from uniform.
For freshmen starting at Porter and Chester Institute of Hamden, 92% of first-year full-time students received aid of some kind approximately 82 freshmen).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 45% | $6,180 |
| Institutional grants & scholarships | 16% | $1,675 |
| Federal Pell grants | 36% | $6,479 |
| State/local grants | 1% | $2,571 |
| Federal student loans | 44% | $5,718 |
Unlike loans, grants and scholarships are gift aid that does not need to be paid back, making them the most desirable form of assistance. Across the undergraduate body at Porter and Chester Institute of Hamden, some 83% of undergraduates were awarded grant or scholarship aid averaging $899 (across roughly 276 recipients).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 83% | $899 |
| Federal Pell grants | 70% | $886 |
| Federal student loans | 12% | $5,575 |
For students living on campus and receiving title-IV aid, grants averaged $5,493.
Because need-based aid scales with family income, what students actually pay differs sharply across income brackets.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $18,412 |
| $30,001 – $75,000 | $21,171 |
| Over $75,000 | $24,512 |
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 | $20,549 |
| Off-campus title-IV students | $19,011 |
For a customized cost estimate, visit Porter and Chester Institute of Hamden’s net price calculator: www.porterchester.edu/financial-aid/calculator/.
Graduating students at Porter and Chester Institute of Hamden carry a median federal student debt of $9,500 in federal loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $9,500 |
| Median federal debt (graduates only) | $12,350 |
| Typical 10-year monthly payment (graduates) | $130.93/mo |
The 10-year payment estimate assumes a standard federal repayment plan and the median graduate debt amount.
Percentiles reveal the spread — half of all borrowers fall between the 25th and 75th percentiles. The figures below chart the debt distribution at Porter and Chester Institute of Hamden.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,167 |
| 25th percentile | $5,500 |
| 75th percentile | $13,910 |
| 90th percentile (highest-debt students) | $13,980 |
The figures below break down median federal debt by income tier, first-generation status, and dependency.
Debt by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $9,500 |
| Middle income | $8,930 |
| High income | $8,360 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $9,500 |
| Continuing-generation students | $8,360 |
Dependent vs Independent Students
| Cohort | Median federal debt |
|---|---|
| Dependent students | $8,230 |
| Independent students | $9,500 |
A handful of calculated indicators summarize the debt outlook at Porter and Chester Institute of Hamden.
The Stafford program is the federal direct-loan vehicle most undergraduates use. The totals below capture Stafford lending at Porter and Chester Institute of Hamden:
| Metric | Value |
|---|---|
| Stafford loan recipients | 3665 |
| Total Stafford loan amount | $40,101,617 |
GI Bill and DoD Tuition Assistance are the two federal aid programs targeted at military-affiliated students.
Post-9/11 GI Bill recipients
| Metric | Value |
|---|---|
| GI Bill recipients | 1 |
| Total GI Bill amount | $10,640 |
| Average GI Bill amount per recipient | $10,640 |
References
More about our data sources and methodologies.