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 total price of attendance at Centre College can feel tremendous, but do not forget that almost all students receive some sort of financial help.
Just what financial assistance solutions will Centre College of Kentucky provide, and just what are you going to be eligible for? Read on for answers. Keep going to see just how much financial aid could be open 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 Centre 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 Centre College, 100% of entering full-time freshmen got some type of financial assistance (about 360 students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 100% | $44,015 |
| Institutional grants & scholarships | 100% | $38,624 |
| Federal Pell grants | 29% | $5,728 |
| State/local grants | 55% | $6,347 |
| Federal student loans | 56% | $5,436 |
Unlike loans, grants and scholarships are gift aid that does not need to be paid back, making them the most desirable form of assistance. Here, about 99% of the undergraduate population received grant aid that averaged $40,715 (across roughly 1340 recipients).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 99% | $40,715 |
| Federal Pell grants | 23% | $5,656 |
| Federal student loans | 49% | $6,436 |
For on-campus title-IV students, average grant aid came to $47,006.
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 | $11,819 |
| $30,001 – $75,000 | $15,793 |
| Over $75,000 | $26,254 |
Each figure is the net price after grants and scholarships, not the published sticker price.
The net price represents the average annual cost a title-IV-receiving student pays after grant aid is subtracted from the full cost of attendance.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $20,781 |
| Off-campus title-IV students | $21,497 |
For a personalized estimate based on your family’s financial situation, use Centre College of Kentucky’s NPC: centre.studentaidcalculator.com/survey.aspx.
The median student at Centre College of Kentucky graduates with $25,125 in federal student debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $25,125 |
| 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.
Looking only at the median can be misleading because it hides the spread. The four reference points below map the debt distribution at Centre College of Kentucky.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $5,500 |
| 25th percentile | $14,000 |
| 75th percentile | $27,000 |
| 90th percentile (highest-debt students) | $28,000 |
Outcomes differ by income bracket, by first-generation status, and by whether a student is financially dependent.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $22,059 |
| Middle income | $24,781 |
| High income | $25,991 |
First-Gen vs Continuing-Gen Median Debt
| Cohort | Median federal debt |
|---|---|
| First-generation students | $25,725 |
| Continuing-generation students | $25,000 |
A handful of calculated indicators summarize the debt outlook at Centre College of Kentucky.
Stafford loans make up the bulk of federal direct lending to undergraduates. The aggregate figures below show how active the program is at Centre College of Kentucky:
| Metric | Value |
|---|---|
| Stafford loan recipients | 3087 |
| Total Stafford loan amount | $50,471,581 |
If you are a veteran or active-duty service member, the GI Bill and DoD Tuition Assistance are the primary federal programs you can use at this school.
Post-9/11 GI Bill activity
| Metric | Value |
|---|---|
| GI Bill recipients | 9 |
| Total GI Bill amount | $270,111 |
| Average GI Bill amount per recipient | $30,012 |
References
More about our data sources and methodologies.