by our College Data Analytics TeamA large number of students are not billed the full, advertised sticker price of a school. Instead, they will be given a financial aid offer that will include a combination of scholarships, grants, loans, and work-study. The total cost of going to Benedict College can seem overpowering, but remember that the majority of students are given some form of financial assistance.
What financial aid options can Benedict College offer, and what will you qualify for? Keep reading for more information. Scroll down to see how much school funding could be available to you.
How much aid you qualify for depends largely on your family’s financial circumstances. The figures below will help you estimate the aid you might receive from Benedict College.
Colleges use loans, grants, scholarships and work-study to minimize what students actually pay out of pocket. Some kinds of aid are clearly preferable to others, and outcomes differ across students.
For incoming first-year students at Benedict College, 100% of entering full-time freshmen got some type of financial assistance approximately 342 first-years).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 95% | $13,335 |
| Institutional grants & scholarships | 57% | $9,820 |
| Federal Pell grants | 78% | $4,829 |
| State/local grants | 45% | $6,341 |
| Federal student loans | 81% | $6,791 |
Gift aid — grants and scholarships — beats loans every time because none of it has to be repaid. At Benedict College, about 88% of undergraduates were awarded grant or scholarship aid averaging $15,364 (for some 1484 undergraduates).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 88% | $15,364 |
| Federal Pell grants | 62% | $6,140 |
| Federal student loans | 63% | $7,345 |
For students living on campus and receiving title-IV aid, grants averaged $13,750.
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 | $17,002 |
| $30,001 – $75,000 | $18,108 |
| Over $75,000 | $21,917 |
The numbers above are post-aid net prices, so they already account for grants and scholarships.
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 | $18,250 |
| Off-campus title-IV students | $17,781 |
To project your own net price, use Benedict College’s online cost calculator: www.collegeraptor.com/Shopping/School/Benedict-College-SC–217721.
The median federal debt load at Benedict College comes to $16,000 of cumulative federal debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $16,000 |
| Median federal debt (graduates only) | $32,500 |
| Typical 10-year monthly payment (graduates) | $344.55/mo |
Under a standard ten-year plan, the median graduate’s monthly payment lands near the figure above.
Looking only at the median can be misleading because it hides the spread. The figures below chart the debt distribution at Benedict College.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $4,750 |
| 25th percentile | $7,750 |
| 75th percentile | $37,000 |
| 90th percentile (highest-debt students) | $49,250 |
Debt outcomes are not uniform — they shift with income, first-generation status, and dependency.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $17,750 |
| Middle income | $15,000 |
| High income | $11,250 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $17,367 |
| Continuing-generation students | $14,000 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $15,558 |
| Independent students | $19,334 |
A handful of calculated indicators summarize the debt outlook at Benedict College.
The Stafford loan program is the largest source of federal direct loans to undergraduates. The aggregate figures below show how active the program is at Benedict College:
| Metric | Value |
|---|---|
| Stafford loan recipients | 20884 |
| Total Stafford loan amount | $568,113,223 |
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 | 24 |
| Total GI Bill amount | $342,025 |
| Average GI Bill amount per recipient | $14,251 |
DoD program volume
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 1 |
| Total DoD amount | $3,000 |
| Average DoD amount per recipient | $3,000 |
References
More about our data sources and methodologies.