by our College Data Analytics TeamMost students will not be asked to pay the advertised price of a school. Instead, they will be provided a financial aid package that will include a combination of scholarships, grants, loans, and work-study. The sum total of attendance at Bacone College can sound tremendous, but do not forget that almost all students get some type of financial help.
Just what financial assistance solutions will Bacone College provide, and just what are you going to be eligible for? Read on for answers. Keep scrolling to learn how much school funding will be available to you.
How much aid you qualify for depends largely on your family’s financial circumstances. Continue reading to find information to help you understand just how much assistance you can expect to receive from Bacone College.
Colleges use loans, grants, scholarships and work-study to minimize what students actually pay out of pocket. Bear in mind that not all aid is equal, and the amount any one student receives can vary widely.
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 | $11,247 |
| $30,001 – $75,000 | $11,130 |
| Over $75,000 | $17,095 |
These figures reflect what title-IV aid recipients pay after grant and scholarship aid is applied.
The middle student in the debt distribution at Bacone College owes $12,832 of cumulative federal debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $12,832 |
| Median federal debt (graduates only) | $26,187 |
| Typical 10-year monthly payment (graduates) | $277.63/mo |
Spreading the median graduate debt over a standard 10-year repayment schedule works out to roughly the monthly payment shown above.
A single median figure conceals how much debt outcomes differ student to student. The figures below chart the debt distribution at Bacone College.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,750 |
| 25th percentile | $4,750 |
| 75th percentile | $21,500 |
| 90th percentile (highest-debt students) | $37,845 |
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 | $13,000 |
| Middle income | $12,944 |
| High income | $12,000 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $13,998 |
| Continuing-generation students | $12,000 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $12,000 |
| Independent students | $18,373 |
The figure below distills the debt data into a single burden category for Bacone College.
The Stafford program is the federal direct-loan vehicle most undergraduates use. Below is the annual Stafford program activity at Bacone College:
| Metric | Value |
|---|---|
| Stafford loan recipients | 5921 |
| Total Stafford loan amount | $93,457,670 |
References
More about our data sources and methodologies.