by our College Data Analytics TeamA large number of students will never be charged 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 Bloomfield College of Montclair State University can seem tremendous, but do not forget that almost all students are given some form of financial help.
What financial aid options can Bloomfield College offer, and what will you qualify for? Keep reading for more information. Keep going to discover what amount of financial assistance could be accessible to you.
Your financial aid package, which may contain grants and scholarships, will be determined on your financial need. The figures below will help you estimate the aid you might receive from Bloomfield College of Montclair State University.
Financial aid, in the form of loans, grants, work-study, and scholarships, is one way colleges reduce the cost of attendance so most students can actually afford to attend. Bear in mind that not all aid is equal, and the amount any one student receives can vary widely.
Among first-time, full-time freshmen at Bloomfield College of Montclair State University, 97% of the incoming full-time class was awarded financial aid some 174 new students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 92% | $14,625 |
| Institutional grants & scholarships | 46% | $3,909 |
| Federal Pell grants | 77% | $5,949 |
| State/local grants | 79% | $8,647 |
| Federal student loans | 92% | $3,128 |
Because grants and scholarships do not have to be repaid, they are the most sought-after type of financial aid. At this school, some 88% of undergraduates were awarded an average grant or scholarship of $14,138 (among about 803 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 88% | $14,138 |
| Federal Pell grants | 70% | $5,694 |
| Federal student loans | 89% | $4,325 |
For on-campus title-IV students, average grant aid came to $14,021.
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 | $16,664 |
| $30,001 – $75,000 | $16,585 |
| Over $75,000 | $26,524 |
These figures reflect what title-IV aid recipients pay after grant and scholarship aid is applied.
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 | $28,014 |
| Off-campus title-IV students | $18,778 |
To get a personalized net price estimate, try Bloomfield College’s net price tool: montclair.clearcostcalculator.com/student/default/netpricecalculator/survey.
The median federal debt load at Bloomfield College comes to $18,500 in federal student debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $18,500 |
| Median federal debt (graduates only) | $26,746 |
| Typical 10-year monthly payment (graduates) | $283.55/mo |
Spreading the median graduate debt over a standard 10-year repayment schedule works out to roughly the monthly payment shown above.
The numbers below show the full range, not just the middle of the distribution. The percentiles below describe the cumulative federal debt distribution for borrowers at Bloomfield College.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $4,750 |
| 25th percentile | $7,500 |
| 75th percentile | $30,593 |
| 90th percentile (highest-debt students) | $41,697 |
Outcomes differ by income bracket, by first-generation status, and by whether a student is financially dependent.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $18,750 |
| Middle income | $18,750 |
| High income | $15,708 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $18,000 |
| Continuing-generation students | $20,500 |
Dependent vs Independent Students
| Cohort | Median federal debt |
|---|---|
| Dependent students | $18,500 |
| Independent students | $18,750 |
The Department of Education computes summary indicators that describe debt outcomes at a glance. Bloomfield College.
Stafford loans are the federal government’s primary direct undergraduate lending program. The annual Stafford volume below reflects program activity at Bloomfield College:
| Metric | Value |
|---|---|
| Stafford loan recipients | 9584 |
| Total Stafford loan amount | $199,411,066 |
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 | 4 |
| Total GI Bill amount | $85,380 |
| Average GI Bill amount per recipient | $21,345 |
References
More about our data sources and methodologies.