by our College Data Analytics TeamThe majority of students will never be charged 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 sum total of attendance at Allan Hancock College can sound overpowering, but remember that the majority of students get some type of financial assistance.
What financial assistance options will Allan Hancock College offer you, and what will you qualify for? Read on for more information. Scroll down 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. Read on to get a sense of the financial assistance available at Allan Hancock 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.
For incoming first-year students at Allan Hancock College, 74% of entering full-time freshmen got some type of financial assistance (about 512 new students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 73% | $5,495 |
| Institutional grants & scholarships | 0% | $257 |
| Federal Pell grants | 47% | $5,409 |
| State/local grants | 70% | $1,922 |
| Federal student loans | 2% | $6,252 |
Grants and scholarships are the most valuable form of aid because, unlike loans, they never have to be repaid. At this school, approximately 52% of undergraduates were awarded grant or scholarship aid averaging $4,039 (among about 5766 awardees).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 52% | $4,039 |
| Federal Pell grants | 24% | $4,536 |
| Federal student loans | 1% | $6,283 |
On-campus students receiving title-IV aid were awarded grants averaging $7,831.
The figures below show the average net price — cost after all grant and scholarship aid — broken out by family income.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $3,875 |
| $30,001 – $75,000 | $5,002 |
| Over $75,000 | $7,797 |
Each amount is the average cost remaining once grant aid is subtracted, by income band.
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 | $5,383 |
| Off-campus title-IV students | $4,638 |
For a customized cost estimate, visit Allan Hancock College’s online cost calculator: misweb.cccco.edu/npc/611/npcalc.htm.
The median federal debt load at Allan Hancock College comes to $7,888 of federal student loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $7,888 |
Percentiles reveal the spread — half of all borrowers fall between the 25th and 75th percentiles. The percentiles below describe the cumulative federal debt distribution for borrowers at Allan Hancock College.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,000 |
| 25th percentile | $3,500 |
| 75th percentile | $10,591 |
| 90th percentile (highest-debt students) | $20,000 |
Debt outcomes are not uniform — they shift with income, first-generation status, and dependency.
Debt by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $8,519 |
| Middle income | $6,875 |
| High income | $5,500 |
First-Gen vs Continuing-Gen Median Debt
| Cohort | Median federal debt |
|---|---|
| First-generation students | $8,250 |
| Continuing-generation students | $6,000 |
Dependent vs Independent Students
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,500 |
| Independent students | $9,500 |
The Department of Education computes summary indicators that describe debt outcomes at a glance. Allan Hancock College.
The Stafford program is the federal direct-loan vehicle most undergraduates use. These figures summarize annual Stafford program activity at Allan Hancock College:
| Metric | Value |
|---|---|
| Stafford loan recipients | 1648 |
| Total Stafford loan amount | $17,894,511 |
If you are a veteran or active-duty service member, the GI Bill and DoD Tuition Assistance are the primary federal programs you can use at this school.
GI Bill volume
| Metric | Value |
|---|---|
| GI Bill recipients | 127 |
| Total GI Bill amount | $51,482 |
| Average GI Bill amount per recipient | $405 |
Active-duty Tuition Assistance recipients
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 17 |
| Total DoD amount | $5,162 |
| Average DoD amount per recipient | $304 |
References
More about our data sources and methodologies.