by our College Data Analytics TeamA large number 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 price tag of going to Centenary College of Louisiana can appear overpowering, but remember that the majority of students obtain some kind of financial assistance.
What financial assistance options will Centenary Louisiana offer you, and what will you qualify for? Read on for more information. Read on to discover what amount of financial assistance could be accessible to you.
The amount of financial aid you can receive varies from person to person and will depend on your family’s economic situation. Read on to get a sense of the financial assistance available at Centenary College of Louisiana.
Financial assistance, available as scholarships, loans, and work-study, is a way schools lower the price of attendance so many students can enroll. However, some types of aid are more desirable than others, and some students will receive more than others.
Looking at the entering class at Centenary College of Louisiana, 100% of entering full-time freshmen got some type of financial assistance some 255 freshmen).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 100% | $34,617 |
| Institutional grants & scholarships | 100% | $28,028 |
| Federal Pell grants | 48% | $5,751 |
| State/local grants | 51% | $7,160 |
| Federal student loans | 72% | $5,082 |
Grants and scholarships are the most valuable form of aid because, unlike loans, they never have to be repaid. At Centenary Louisiana, approximately 100% of undergrads got grants or scholarships worth on average $32,913 (across approximately 618 awardees).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 100% | $32,913 |
| Federal Pell grants | 45% | $5,637 |
| Federal student loans | 69% | $6,071 |
For students living on campus and receiving title-IV aid, grants averaged $36,996.
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 | $22,256 |
| $30,001 – $75,000 | $23,370 |
| Over $75,000 | $27,423 |
These figures reflect what title-IV aid recipients pay after grant and scholarship aid is applied.
Net price is the cost remaining after grant and scholarship aid is subtracted from the sticker price, and it is the most useful single number for estimating real cost.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $23,624 |
| Off-campus title-IV students | $25,159 |
For a customized cost estimate, visit Centenary Louisiana’s online cost calculator: www.centenary.edu/admission/tuition-aid/net-price-calculator/.
The median federal debt load at Centenary Louisiana comes to $15,250 of federal borrowing.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $15,250 |
| Median federal debt (graduates only) | $27,000 |
| Typical 10-year monthly payment (graduates) | $286.24/mo |
At a typical 10-year repayment schedule, the median graduate would pay about the monthly figure above.
The numbers below show the full range, not just the middle of the distribution. The four reference points below map the debt distribution at Centenary Louisiana.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $4,000 |
| 25th percentile | $6,276 |
| 75th percentile | $27,000 |
| 90th percentile (highest-debt students) | $35,075 |
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 | $11,000 |
| Middle income | $15,250 |
| High income | $16,625 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $12,000 |
| Continuing-generation students | $18,000 |
These indicators are derived from the underlying debt data and summarize the overall picture at Centenary Louisiana.
Stafford loans are the federal government’s primary direct undergraduate lending program. These figures summarize annual Stafford program activity at Centenary Louisiana:
| Metric | Value |
|---|---|
| Stafford loan recipients | 2827 |
| Total Stafford loan amount | $46,969,584 |
Military-affiliated students can tap the Post-9/11 GI Bill and DoD Tuition Assistance.
GI Bill volume
| Metric | Value |
|---|---|
| GI Bill recipients | 11 |
| Total GI Bill amount | $227,267 |
| Average GI Bill amount per recipient | $20,661 |
DoD Tuition Assistance activity
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 0 |
| Total DoD amount | $0 |
References
More about our data sources and methodologies.