by our College Data Analytics TeamThe majority of students will not be asked to pay 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 Beacon College can sound overpowering, but remember that the majority of students get some type of financial assistance.
Just what financial assistance solutions will Beacon deliver, and just what are you going to be eligible for? Read on for answers. Scroll down to learn just how much financial aid will be open to you.
Your financial aid package, which may contain grants and scholarships, will be determined on your financial need. Use the information below to understand how much financial assistance you may get from Beacon College.
Through a mix of loans, grants, work-study and scholarships, schools bring down the effective cost so more students can attend. Some kinds of aid are clearly preferable to others, and outcomes differ across students.
For incoming first-year students at Beacon College, 93% of first-time, full-time freshmen received some form of financial aid some 117 freshmen).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 93% | $23,988 |
| Institutional grants & scholarships | 42% | $38,284 |
| Federal Pell grants | 19% | $6,662 |
| State/local grants | 92% | $4,013 |
| Federal student loans | 32% | $5,316 |
Unlike loans, grants and scholarships are gift aid that does not need to be paid back, making them the most desirable form of assistance. At this school, some 95% of undergraduates were awarded an average grant or scholarship of $24,107 (across approximately 501 undergraduates).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 95% | $24,107 |
| Federal Pell grants | 24% | $6,028 |
| Federal student loans | 35% | $6,512 |
For students living on campus and receiving title-IV aid, grants averaged $17,258.
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 | $30,330 |
| $30,001 – $75,000 | $27,247 |
| Over $75,000 | $43,361 |
Each amount is the average cost remaining once grant aid is subtracted, by income band.
The net price strips out grant and scholarship aid from the sticker price to show roughly what families really pay.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $53,517 |
| Off-campus title-IV students | $36,576 |
For a customized cost estimate, visit Beacon’s NPC: www.beaconcollege.edu/admissions/tuition-financial-aid/tuition/net-price-calculator/.
The median student at Beacon graduates with $18,500 of federal student loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $18,500 |
| Median federal debt (graduates only) | $25,000 |
| Typical 10-year monthly payment (graduates) | $265.04/mo |
The 10-year payment estimate assumes a standard federal repayment plan and the median graduate debt amount.
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 Beacon.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,955 |
| 25th percentile | $5,500 |
| 75th percentile | $19,500 |
| 90th percentile (highest-debt students) | $27,625 |
How much a student borrows depends heavily on family income, first-gen status, and dependency.
Debt by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $21,500 |
| Middle income | $20,125 |
| High income | $15,749 |
First-Gen vs Continuing-Gen Median Debt
| Cohort | Median federal debt |
|---|---|
| First-generation students | $21,250 |
| Continuing-generation students | $17,500 |
Dependent vs Independent Students
| Cohort | Median federal debt |
|---|---|
| Dependent students | $17,750 |
| Independent students | $21,945 |
These indicators are derived from the underlying debt data and summarize the overall picture at Beacon.
The Stafford program is the federal direct-loan vehicle most undergraduates use. The aggregate figures below show how active the program is at Beacon:
| Metric | Value |
|---|---|
| Stafford loan recipients | 643 |
| Total Stafford loan amount | $10,284,440 |
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.
Post-9/11 GI Bill recipients
| Metric | Value |
|---|---|
| GI Bill recipients | 22 |
| Total GI Bill amount | $436,572 |
| Average GI Bill amount per recipient | $19,844 |
References
More about our data sources and methodologies.