by our College Data Analytics TeamA large number of 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 total price of attendance at Rocky Mountain College can feel overwhelming, but bear in mind that many students receive some sort of financial aid.
Just what financing solutions does Rocky deliver, and just what are you going to be eligible for? Keep scrolling for answers. Keep reading to see what amount of financial assistance could be accessible to you.
The amount of financial aid you can receive varies from person to person and will depend on your family’s economic situation. Continue reading to find information to help you understand just how much assistance you can expect to receive from Rocky Mountain College.
Colleges use loans, grants, scholarships and work-study to minimize what students actually pay out of pocket. 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 Rocky Mountain College, 100% of first-time, full-time freshmen received some form of financial aid approximately 211 freshmen).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 100% | $25,508 |
| Institutional grants & scholarships | 100% | $23,630 |
| Federal Pell grants | 32% | $5,339 |
| State/local grants | 0% | — |
| Federal student loans | 59% | $5,146 |
Unlike loans, grants and scholarships are gift aid that does not need to be paid back, making them the most desirable form of assistance. Here, roughly 98% of undergraduates were awarded an average grant or scholarship of $27,380 (for some 778 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 98% | $27,380 |
| Federal Pell grants | 31% | $5,511 |
| Federal student loans | 55% | $6,124 |
Title-IV recipients living on campus saw average grant aid of $26,342.
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 | $15,373 |
| $30,001 – $75,000 | $15,328 |
| Over $75,000 | $22,028 |
Each amount is the average cost remaining once grant aid is subtracted, by income band.
The net price represents the average annual cost a title-IV-receiving student pays after grant aid is subtracted from the full cost of attendance.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $19,751 |
| Off-campus title-IV students | $18,508 |
To get a personalized net price estimate, try Rocky’s online cost calculator: www.rocky.edu/admissions-aid/financial-aid/net-price-calculator.
A typical borrower at Rocky leaves with $12,000 of federal student loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $12,000 |
| Median federal debt (graduates only) | $26,000 |
| Typical 10-year monthly payment (graduates) | $275.64/mo |
The 10-year payment estimate assumes a standard federal repayment plan and the median graduate debt amount.
Looking only at the median can be misleading because it hides the spread. The figures below chart the debt distribution at Rocky.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,250 |
| 25th percentile | $5,500 |
| 75th percentile | $27,000 |
| 90th percentile (highest-debt students) | $36,100 |
Outcomes differ by income bracket, by first-generation status, and by whether a student is financially dependent.
Debt by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $12,500 |
| Middle income | $12,500 |
| High income | $12,000 |
First-Gen vs Continuing-Gen Median Debt
| Cohort | Median federal debt |
|---|---|
| First-generation students | $12,000 |
| Continuing-generation students | $12,000 |
Dependent vs Independent Students
| Cohort | Median federal debt |
|---|---|
| Dependent students | $12,000 |
| Independent students | $13,000 |
A handful of calculated indicators summarize the debt outlook at Rocky.
The Stafford program is the federal direct-loan vehicle most undergraduates use. These figures summarize annual Stafford program activity at Rocky:
| Metric | Value |
|---|---|
| Stafford loan recipients | 4604 |
| Total Stafford loan amount | $89,700,154 |
GI Bill and DoD Tuition Assistance are the two federal aid programs targeted at military-affiliated students.
GI Bill volume
| Metric | Value |
|---|---|
| GI Bill recipients | 51 |
| Total GI Bill amount | $1,297,570 |
| Average GI Bill amount per recipient | $25,443 |
References
More about our data sources and methodologies.