by our College Data Analytics TeamA lot of students are not billed the full sticker price of a school. Rather, they are offered a financial aid plan that includes a mix of loans, grants, scholarships, and possibly work-study opportunities. The total cost of going to Bard College at Simon’s Rock can seem overwhelming, but bear in mind that many students are given some form of financial aid.
What financial assistance options will Simon’s Rock offer, and what will you qualify for? Read on for more information. Keep reading to find out how much school funding will be available 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 Bard College at Simon’s Rock.
Financial assistance, available as scholarships, loans, and work-study, is a way schools lower the price of attendance so many students can enroll. Note that some aid is more valuable than the rest, and individual awards are far from uniform.
Among first-time, full-time freshmen at Bard College at Simon’s Rock, 99% of first-year full-time students received aid of some kind approximately 101 new students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 99% | $42,635 |
| Institutional grants & scholarships | 97% | $42,085 |
| Federal Pell grants | 22% | $5,688 |
| State/local grants | 0% | — |
| Federal student loans | 37% | $4,946 |
The best aid is gift aid: grants and scholarships that carry no repayment obligation. Here, roughly 74% of undergrads got grants or scholarships worth on average $45,205 (for some 231 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 74% | $45,205 |
| Federal Pell grants | 17% | $5,551 |
| Federal student loans | 33% | $5,515 |
For on-campus title-IV students, average grant aid came to $53,637.
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 | $30,080 |
| $30,001 – $75,000 | $25,152 |
| Over $75,000 | $42,280 |
Each amount is the average cost remaining once grant aid is subtracted, by income band.
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 | $31,625 |
| Off-campus title-IV students | $36,684 |
For an estimate tailored to your family circumstances, see Simon’s Rock’s NPC: npc.collegeboard.org/app/simonsrock.
The median student at Simon’s Rock graduates with $19,000 of cumulative federal debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $19,000 |
| Median federal debt (graduates only) | $24,254 |
| Typical 10-year monthly payment (graduates) | $257.13/mo |
That monthly figure reflects the median graduate debt repaid on a standard 10-year federal schedule.
Looking only at the median can be misleading because it hides the spread. The figures below chart the debt distribution at Simon’s Rock.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $5,500 |
| 25th percentile | $10,250 |
| 75th percentile | $27,000 |
| 90th percentile (highest-debt students) | $28,500 |
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 | $18,000 |
| Middle income | $18,750 |
| High income | $19,500 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $18,865 |
| Continuing-generation students | $19,500 |
Dependent vs Independent Students
| Cohort | Median federal debt |
|---|---|
| Dependent students | $19,000 |
| Independent students | $15,160 |
These indicators are derived from the underlying debt data and summarize the overall picture at Simon’s Rock.
The Stafford program is the federal direct-loan vehicle most undergraduates use. The totals below capture Stafford lending at Simon’s Rock:
| Metric | Value |
|---|---|
| Stafford loan recipients | 8050 |
| Total Stafford loan amount | $162,391,664 |
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 | 2 |
| Total GI Bill amount | $54,240 |
| Average GI Bill amount per recipient | $27,120 |
References
More about our data sources and methodologies.