by our College Data Analytics TeamThe majority 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 Canada College can seem overwhelming, but bear in mind that many students are given some form of financial aid.
Just what financial assistance solutions will Canada College deliver, and just what are you going to be eligible for? Read on for answers. Keep going to discover what amount of financial assistance could be accessible to you.
Eligibility for aid and scholarships is driven mostly by your household’s income and need. Read on to get a sense of the financial assistance available at Canada 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.
Looking at the entering class at Canada College, 84% of first-year full-time students received aid of some kind (about 242 freshmen).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 84% | $4,633 |
| Institutional grants & scholarships | 81% | $922 |
| Federal Pell grants | 34% | $5,825 |
| State/local grants | 57% | $1,919 |
| Federal student loans | 1% | $5,856 |
Grants and scholarships are the most valuable form of aid because, unlike loans, they never have to be repaid. Across the undergraduate body at Canada College, some 57% of the undergraduate population received grant aid that averaged $1,768 (across approximately 3477 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 57% | $1,768 |
| Federal Pell grants | 10% | $4,700 |
| Federal student loans | 0% | $7,276 |
On-campus students receiving title-IV aid were awarded grants averaging $9,055.
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 | $-991 |
| $30,001 – $75,000 | $735 |
| Over $75,000 | $3,455 |
Each amount is the average cost remaining once grant aid is subtracted, by income band.
Net price is the average annual cost after grants and scholarships are subtracted from the published cost of attendance — the figure closest to what a typical aid-receiving student actually pays.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $32 |
| Off-campus title-IV students | $10 |
For a customized cost estimate, visit Canada College’s net price calculator: misweb.cccco.edu/npc/371/npcalc.htm.
A typical borrower at Canada College leaves with $9,272 of federal student loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $9,272 |
A single median figure conceals how much debt outcomes differ student to student. The percentiles below describe the cumulative federal debt distribution for borrowers at Canada College.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,684 |
| 25th percentile | $3,910 |
| 75th percentile | $10,500 |
| 90th percentile (highest-debt students) | $17,372 |
Federal data publishes pre-calculated indicators that summarize debt outcomes. Canada College.
Stafford loans make up the bulk of federal direct lending to undergraduates. The annual Stafford volume below reflects program activity at Canada College:
| Metric | Value |
|---|---|
| Stafford loan recipients | 776 |
| Total Stafford loan amount | $7,979,812 |
The GI Bill and DoD Tuition Assistance are the main federal aid routes for veterans and service members.
GI Bill volume
| Metric | Value |
|---|---|
| GI Bill recipients | 0 |
| Total GI Bill amount | $0 |
DoD program volume
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 0 |
| Total DoD amount | $0 |
References
More about our data sources and methodologies.