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 Eastern Virginia Career College can sound overwhelming, but bear in mind that many students get some type of financial aid.
What financial aid options can Eastern Virginia Career College offer you, and what will you qualify for? Keep reading for more information. Keep going to find out just how much financial aid will be open to you.
The amount of financial aid you can receive varies from person to person and will depend on your family’s economic situation. Continue reading to find information to help you understand just how much assistance you can expect to receive from Eastern Virginia Career College.
Financial assistance, available as scholarships, loans, and work-study, is a way schools lower the price of attendance so many students can enroll. Note that some aid is more valuable than the rest, and individual awards are far from uniform.
Looking at the entering class at Eastern Virginia Career College, 70% of first-time, full-time freshmen received some form of financial aid approximately 46 incoming students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 64% | $4,331 |
| Institutional grants & scholarships | 0% | — |
| Federal Pell grants | 64% | $4,331 |
| State/local grants | 0% | — |
| Federal student loans | 70% | $4,974 |
Gift aid — grants and scholarships — beats loans every time because none of it has to be repaid. At Eastern Virginia Career College, roughly 53% of undergraduates were awarded grant or scholarship aid averaging $4,608 (across roughly 178 undergraduates).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 53% | $4,608 |
| Federal Pell grants | 50% | $4,628 |
| Federal student loans | 62% | $6,601 |
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 | $39,005 |
These figures reflect what title-IV aid recipients pay after grant and scholarship aid is applied.
Graduating students at Eastern Virginia Career College carry a median federal student debt of $9,500 in federal student debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $9,500 |
| Median federal debt (graduates only) | $10,500 |
| Typical 10-year monthly payment (graduates) | $111.32/mo |
The 10-year payment estimate assumes a standard federal repayment plan and the median graduate debt amount.
Looking only at the median can be misleading because it hides the spread. These percentiles trace how cumulative federal debt is spread among borrowers at Eastern Virginia Career College.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,666 |
| 25th percentile | $6,111 |
| 75th percentile | $17,669 |
| 90th percentile (highest-debt students) | $20,051 |
Outcomes differ by income bracket, by first-generation status, and by whether a student is financially dependent.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $9,500 |
| Middle income | $9,500 |
| High income | $9,563 |
First-Gen vs Continuing-Gen Median Debt
| Cohort | Median federal debt |
|---|---|
| First-generation students | $9,500 |
| Continuing-generation students | $12,650 |
Dependent vs Independent Students
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,500 |
| Independent students | $12,333 |
A handful of calculated indicators summarize the debt outlook at Eastern Virginia Career College.
The Stafford program is the federal direct-loan vehicle most undergraduates use. Below is the annual Stafford program activity at Eastern Virginia Career College:
| Metric | Value |
|---|---|
| Stafford loan recipients | 1979 |
| Total Stafford loan amount | $21,354,582 |
Military-affiliated students can tap the Post-9/11 GI Bill and DoD Tuition Assistance.
Post-9/11 GI Bill activity
| Metric | Value |
|---|---|
| GI Bill recipients | 28 |
| Total GI Bill amount | $355,779 |
| Average GI Bill amount per recipient | $12,706 |
References
More about our data sources and methodologies.