by our College Data Analytics TeamMany 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 cost of going to Upper Valley Career Center can seem overpowering, but remember that the majority of students are given some form of financial assistance.
What financial aid options can Upper Valley Career Center offer, and what will you qualify for? Keep reading for more information. Scroll down to discover just how much financial aid could be open to you.
Your financial aid package, which may contain grants and scholarships, will be determined on your financial need. Read on to get a sense of the financial assistance available at Upper Valley Career Center.
Aid such as grants, loans, work-study, and scholarships helps colleges decrease the real cost of attendance for most students. Bear in mind that not all aid is equal, and the amount any one student receives can vary widely.
For incoming first-year students at Upper Valley Career Center, 90% of the incoming full-time class was awarded financial aid some 18 freshmen).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 90% | $8,530 |
| Institutional grants & scholarships | 0% | — |
| Federal Pell grants | 90% | $6,814 |
| State/local grants | 15% | $1,373 |
| Federal student loans | 85% | $8,794 |
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 Upper Valley Career Center, about 59% of undergraduates were awarded an average grant or scholarship of $6,859 (among about 81 awardees).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 59% | $6,859 |
| Federal Pell grants | 55% | $5,780 |
| Federal student loans | 54% | $7,458 |
On-campus students receiving title-IV aid were awarded grants averaging $8,530.
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 | $16,103 |
| $30,001 – $75,000 | $19,702 |
| Over $75,000 | $18,317 |
Each figure is the net price after grants and scholarships, not the published sticker price.
Net price is the cost remaining after grant and scholarship aid is subtracted from the sticker price, and it is the most useful single number for estimating real cost.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $16,282 |
| Off-campus title-IV students | $16,505 |
For a customized cost estimate, visit Upper Valley Career Center’s net price calculator: core-docs.s3.amazonaws.com/documents/asset/uploaded_file/1200823/Net_Price_Calculator.html.
Graduating students at Upper Valley Career Center carry a median federal student debt of $6,333 of federal student loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $6,333 |
| Median federal debt (graduates only) | $8,793 |
| Typical 10-year monthly payment (graduates) | $93.22/mo |
That monthly figure reflects the median graduate debt repaid on a standard 10-year federal schedule.
Percentiles reveal the spread — half of all borrowers fall between the 25th and 75th percentiles. The figures below chart the debt distribution at Upper Valley Career Center.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,009 |
| 25th percentile | $4,750 |
| 75th percentile | $14,820 |
| 90th percentile (highest-debt students) | $14,820 |
Median debt varies by family income, by first-generation status, and by dependency status.
Debt by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $6,333 |
The figure below distills the debt data into a single burden category for Upper Valley Career Center.
The Stafford loan program is the largest source of federal direct loans to undergraduates. The aggregate figures below show how active the program is at Upper Valley Career Center:
| Metric | Value |
|---|---|
| Stafford loan recipients | 799 |
| Total Stafford loan amount | $8,022,669 |
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 | 2 |
| Total GI Bill amount | $16,506 |
| Average GI Bill amount per recipient | $8,253 |
References
More about our data sources and methodologies.