by our College Data Analytics TeamA lot of students are not billed 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 sum total of attendance at Carroll College can sound overwhelming, but bear in mind that many students get some type of financial aid.
What financial assistance options will Carroll Montana offer, and what will you qualify for? Read on for more information. Scroll down to find out just how much financial aid will be open to you.
Your financial aid package, which may contain grants and scholarships, will be determined on your financial need. The information provided on this page can help you determine how much aid you may receive from Carroll College.
Through a mix of loans, grants, work-study and scholarships, schools bring down the effective cost so more students can attend. However, some types of aid are more desirable than others, and some students will receive more than others.
For freshmen starting at Carroll College, 100% of the incoming full-time class was awarded financial aid (about 273 students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 100% | $30,058 |
| Institutional grants & scholarships | 100% | $28,737 |
| Federal Pell grants | 23% | $5,774 |
| State/local grants | 0% | — |
| Federal student loans | 54% | $7,121 |
Gift aid — grants and scholarships — beats loans every time because none of it has to be repaid. Across the undergraduate body at Carroll Montana, approximately 98% of the undergraduate population received grant aid that averaged $30,471 (across approximately 1041 recipients).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 98% | $30,471 |
| Federal Pell grants | 20% | $5,535 |
| Federal student loans | 45% | $6,318 |
On-campus students receiving title-IV aid were awarded grants averaging $31,666.
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 | $17,594 |
| $30,001 – $75,000 | $17,707 |
| Over $75,000 | $27,846 |
Each figure is the net price after grants and scholarships, not the published sticker price.
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 | $23,960 |
| Off-campus title-IV students | $24,842 |
To get a personalized net price estimate, try Carroll Montana’s online cost calculator: www.carroll.edu/admission-aid/tuition-costs/net-price-calculator.
A typical borrower at Carroll Montana leaves with $21,000 of federal borrowing.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $21,000 |
| Median federal debt (graduates only) | $25,757 |
| Typical 10-year monthly payment (graduates) | $273.07/mo |
Under a standard ten-year plan, the median graduate’s monthly payment lands near the figure above.
The median alone does not show how widely outcomes vary across the student body. The figures below chart the debt distribution at Carroll Montana.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $5,500 |
| 25th percentile | $10,000 |
| 75th percentile | $29,500 |
| 90th percentile (highest-debt students) | $36,750 |
Median debt varies by family income, by first-generation status, and by dependency status.
Debt by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $19,500 |
| Middle income | $21,000 |
| High income | $21,500 |
First-Gen vs Continuing-Gen Median Debt
| Cohort | Median federal debt |
|---|---|
| First-generation students | $23,248 |
| Continuing-generation students | $19,000 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $21,000 |
| Independent students | $18,750 |
Federal data publishes pre-calculated indicators that summarize debt outcomes. Carroll Montana.
Stafford loans are the federal government’s primary direct undergraduate lending program. Below is the annual Stafford program activity at Carroll Montana:
| Metric | Value |
|---|---|
| Stafford loan recipients | 4160 |
| Total Stafford loan amount | $67,323,379 |
Veterans and active-duty service members may qualify for the Post-9/11 GI Bill or DoD Tuition Assistance.
GI Bill volume
| Metric | Value |
|---|---|
| GI Bill recipients | 42 |
| Total GI Bill amount | $1,380,532 |
| Average GI Bill amount per recipient | $32,870 |
References
More about our data sources and methodologies.