by our College Data Analytics TeamThe majority of students are not billed 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 price tag of going to Centra College can appear overwhelming, but bear in mind that many students obtain some kind of financial aid.
Just what financial assistance solutions will Centra College of Nursing provide, and just what are you going to be eligible for? Read on for answers. Scroll down to learn how much school funding will be available to you.
The amount of financial aid and scholarships you are eligible for will vary depending on your family’s income. The figures below will help you estimate the aid you might receive from Centra College.
Financial aid, in the form of loans, grants, work-study, and scholarships, is one way colleges reduce the cost of attendance so most students can actually afford to attend. Some kinds of aid are clearly preferable to others, and outcomes differ across students.
Unlike loans, grants and scholarships are gift aid that does not need to be paid back, making them the most desirable form of assistance. Across the undergraduate body at Centra College of Nursing, around 73% of undergraduates were awarded grant or scholarship aid averaging $3,148 (across roughly 155 awardees).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 73% | $3,148 |
| Federal Pell grants | 47% | $4,243 |
| Federal student loans | 69% | $6,637 |
The figures below show the average net price — cost after all grant and scholarship aid — broken out by family income.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $21,541 |
| $30,001 – $75,000 | $22,291 |
| Over $75,000 | $31,521 |
Each figure is the net price after grants and scholarships, not the published sticker price.
A typical borrower at Centra College of Nursing leaves with $12,000 in federal loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $12,000 |
| Median federal debt (graduates only) | $15,250 |
| Typical 10-year monthly payment (graduates) | $161.68/mo |
That monthly figure reflects the median graduate debt repaid on a standard 10-year federal schedule.
Looking only at the median can be misleading because it hides the spread. Use the percentiles below to see the debt range at Centra College of Nursing.
| Percentile | Cumulative Federal Debt |
|---|---|
| 25th percentile | $9,500 |
| 75th percentile | $20,000 |
The figures below break down median federal debt by income tier, first-generation status, and dependency.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $12,667 |
| Middle income | $11,400 |
| High income | $10,750 |
First-Gen vs Continuing-Gen Median Debt
| Cohort | Median federal debt |
|---|---|
| First-generation students | $11,784 |
| Continuing-generation students | $15,000 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $8,125 |
| Independent students | $14,750 |
Federal data publishes pre-calculated indicators that summarize debt outcomes. Centra College of Nursing.
Stafford loans are the federal government’s primary direct undergraduate lending program. The totals below capture Stafford lending at Centra College of Nursing:
| Metric | Value |
|---|---|
| Stafford loan recipients | 1360 |
| Total Stafford loan amount | $16,570,440 |
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 | 0 |
| Total GI Bill amount | $0 |
References
More about our data sources and methodologies.