by our College Data Analytics TeamA large number of students will not be asked to pay 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 price tag of going to Beloit College can appear tremendous, but do not forget that almost all students obtain some kind of financial help.
Just what financial aid solutions can Beloit provide, and just what are you going to be eligible for? Keep reading for answers. Keep going to see how much school funding could be available to you.
The amount of financial aid you can receive varies from person to person and will depend on your family’s economic situation. The information provided on this page can help you determine how much aid you may receive from Beloit 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.
At Beloit College, 100% of the incoming full-time class was awarded financial aid approximately 216 incoming students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 100% | $47,119 |
| Institutional grants & scholarships | 100% | $44,766 |
| Federal Pell grants | 29% | $5,809 |
| State/local grants | 13% | $3,952 |
| Federal student loans | 56% | $4,853 |
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 Beloit, about 92% of undergraduates were awarded grant or scholarship aid averaging $45,820 (across roughly 872 recipients).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 92% | $45,820 |
| Federal Pell grants | 30% | $5,484 |
| Federal student loans | 54% | $6,123 |
For students living on campus and receiving title-IV aid, grants averaged $49,839.
Since aid is largely need-based, the real cost of attendance falls steeply for lower-income families.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $17,103 |
| $30,001 – $75,000 | $18,109 |
| Over $75,000 | $27,497 |
Remember these are net prices — what families pay after gift aid, not before.
The net price represents the average annual cost a title-IV-receiving student pays after grant aid is subtracted from the full cost of attendance.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $21,526 |
| Off-campus title-IV students | $21,924 |
To get a personalized net price estimate, try Beloit’s official net price calculator: www.beloit.edu/offices/financial-aid/apply-for-aid/net-price-calculator/.
The median student at Beloit graduates with $22,773 in federal student debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $22,773 |
| Median federal debt (graduates only) | $25,738 |
| Typical 10-year monthly payment (graduates) | $272.87/mo |
Under a standard ten-year plan, the median graduate’s monthly payment lands near the figure above.
A single median figure conceals how much debt outcomes differ student to student. The four reference points below map the debt distribution at Beloit.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $5,500 |
| 25th percentile | $10,500 |
| 75th percentile | $27,000 |
| 90th percentile (highest-debt students) | $31,692 |
Median debt varies by family income, by first-generation status, and by dependency status.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $23,434 |
| Middle income | $20,000 |
| High income | $23,250 |
First-Gen vs Continuing-Gen Median Debt
| Cohort | Median federal debt |
|---|---|
| First-generation students | $22,250 |
| Continuing-generation students | $23,250 |
These indicators are derived from the underlying debt data and summarize the overall picture at Beloit.
Most undergraduate borrowing runs through the federal Stafford loan program. The annual Stafford volume below reflects program activity at Beloit:
| Metric | Value |
|---|---|
| Stafford loan recipients | 3695 |
| Total Stafford loan amount | $58,499,394 |
Veterans and active-duty service members may qualify for the Post-9/11 GI Bill or DoD Tuition Assistance.
Post-9/11 GI Bill activity
| Metric | Value |
|---|---|
| GI Bill recipients | 5 |
| Total GI Bill amount | $212,134 |
| Average GI Bill amount per recipient | $42,427 |
DoD program volume
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 0 |
| Total DoD amount | $0 |
References
More about our data sources and methodologies.