by our College Data Analytics TeamA lot of students will not be asked to pay the advertised price of a school. Instead, they will be provided a financial aid package that will include a combination of scholarships, grants, loans, and work-study. The total cost of going to Carthage College can seem overpowering, but remember that the majority of students are given some form of financial assistance.
Just what financing solutions does Carthage provide, and just what are you going to be eligible for? Keep scrolling for answers. Keep scrolling to learn 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. Read on to get a sense of the financial assistance available at Carthage 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.
At Carthage College, 100% of the incoming full-time class was awarded financial aid approximately 777 first-years).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 100% | $23,784 |
| Institutional grants & scholarships | 100% | $21,419 |
| Federal Pell grants | 35% | $5,026 |
| State/local grants | 16% | $3,506 |
| Federal student loans | 96% | $4,292 |
Because grants and scholarships do not have to be repaid, they are the most sought-after type of financial aid. Here, around 99% of undergrads got grants or scholarships worth on average $22,704 (covering around 2623 recipients).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 99% | $22,704 |
| Federal Pell grants | 27% | $5,007 |
| Federal student loans | 86% | $8,872 |
For students living on campus and receiving title-IV aid, grants averaged $24,257.
Because need-based aid scales with family income, what students actually pay differs sharply across income brackets.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $19,078 |
| $30,001 – $75,000 | $21,654 |
| Over $75,000 | $27,009 |
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 | $26,565 |
| Off-campus title-IV students | $24,813 |
For an estimate tailored to your family circumstances, see Carthage’s NPC: www.carthage.edu/admissions/costs-scholarships-aid/net-price-calculator/.
The median federal debt load at Carthage comes to $19,500 of federal borrowing.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $19,500 |
| Median federal debt (graduates only) | $26,000 |
| Typical 10-year monthly payment (graduates) | $275.64/mo |
The 10-year payment estimate assumes a standard federal repayment plan and the median graduate debt amount.
Percentiles reveal the spread — half of all borrowers fall between the 25th and 75th percentiles. The figures below chart the debt distribution at Carthage.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $5,500 |
| 25th percentile | $11,000 |
| 75th percentile | $27,750 |
| 90th percentile (highest-debt students) | $35,550 |
Median debt varies by family income, by first-generation status, and by dependency status.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $16,666 |
| Middle income | $19,500 |
| High income | $19,500 |
First-Gen vs Continuing-Gen Median Debt
| Cohort | Median federal debt |
|---|---|
| First-generation students | $19,500 |
| Continuing-generation students | $19,500 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $19,500 |
| Independent students | $16,666 |
The figure below distills the debt data into a single burden category for Carthage.
The Stafford program is the federal direct-loan vehicle most undergraduates use. The aggregate figures below show how active the program is at Carthage:
| Metric | Value |
|---|---|
| Stafford loan recipients | 11296 |
| Total Stafford loan amount | $199,021,325 |
The GI Bill and DoD Tuition Assistance are the main federal aid routes for veterans and service members.
Post-9/11 GI Bill activity
| Metric | Value |
|---|---|
| GI Bill recipients | 22 |
| Total GI Bill amount | $451,815 |
| Average GI Bill amount per recipient | $20,537 |
Active-duty Tuition Assistance recipients
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 0 |
| Total DoD amount | $0 |
References
More about our data sources and methodologies.