by our College Data Analytics TeamMost 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 sum total of attendance at Central Penn College can sound overpowering, but remember that the majority of students get some type of financial assistance.
Just what financial assistance solutions will Central Penn deliver, and just what are you going to be eligible for? Read on for answers. Keep reading to find out what amount of financial assistance will be accessible to you.
Eligibility for aid and scholarships is driven mostly by your household’s income and need. The figures below will help you estimate the aid you might receive from Central Penn 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. Keep in mind that certain forms of assistance are more beneficial than others, and aid amounts differ from student to student.
At Central Penn College, 100% of first-year full-time students received aid of some kind (about 41 students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 98% | $10,093 |
| Institutional grants & scholarships | 95% | $4,725 |
| Federal Pell grants | 59% | $4,884 |
| State/local grants | 46% | $4,710 |
| Federal student loans | 80% | $4,994 |
Unlike loans, grants and scholarships are gift aid that does not need to be paid back, making them the most desirable form of assistance. At Central Penn, roughly 77% of the undergraduate population received grant aid that averaged $7,673 (across approximately 621 undergraduates).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 77% | $7,673 |
| Federal Pell grants | 49% | $4,130 |
| Federal student loans | 66% | $6,835 |
On-campus students receiving title-IV aid were awarded grants averaging $8,163.
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 | $15,327 |
| $30,001 – $75,000 | $16,772 |
| Over $75,000 | $25,080 |
These figures reflect what title-IV aid recipients pay after grant and scholarship aid is applied.
The net price strips out grant and scholarship aid from the sticker price to show roughly what families really pay.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $18,953 |
| Off-campus title-IV students | $19,279 |
For a customized cost estimate, visit Central Penn’s NPC: www.centralpenn.edu/net-price-calculator/.
The median federal debt load at Central Penn comes to $13,035 in federal student debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $13,035 |
| Median federal debt (graduates only) | $23,194 |
| Typical 10-year monthly payment (graduates) | $245.9/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. The percentiles below describe the cumulative federal debt distribution for borrowers at Central Penn.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,050 |
| 25th percentile | $5,500 |
| 75th percentile | $25,000 |
| 90th percentile (highest-debt students) | $37,079 |
Outcomes differ by income bracket, by first-generation status, and by whether a student is financially dependent.
Debt by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $13,031 |
| Middle income | $14,160 |
| High income | $12,000 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $12,915 |
| Continuing-generation students | $14,166 |
Dependent vs Independent Students
| Cohort | Median federal debt |
|---|---|
| Dependent students | $11,000 |
| Independent students | $14,887 |
Federal data publishes pre-calculated indicators that summarize debt outcomes. Central Penn.
Most undergraduate borrowing runs through the federal Stafford loan program. These figures summarize annual Stafford program activity at Central Penn:
| Metric | Value |
|---|---|
| Stafford loan recipients | 8489 |
| Total Stafford loan amount | $168,724,439 |
Veterans and active-duty service members may qualify for the Post-9/11 GI Bill or DoD Tuition Assistance.
Post-9/11 GI Bill activity
| Metric | Value |
|---|---|
| GI Bill recipients | 33 |
| Total GI Bill amount | $334,998 |
| Average GI Bill amount per recipient | $10,151 |
Active-duty Tuition Assistance recipients
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 2 |
| Total DoD amount | $8,000 |
| Average DoD amount per recipient | $4,000 |
References
More about our data sources and methodologies.