by our College Data Analytics TeamMany students will never be charged the full sticker price of a school. Rather, they are offered a financial aid plan that includes a mix of loans, grants, scholarships, and possibly work-study opportunities. The total price of attendance at Centura College-Norfolk can feel overwhelming, but bear in mind that many students receive some sort of financial aid.
What financing options does Centura College - Norfolk offer, and what will you qualify for? Keep scrolling for more information. Read on to find out 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. Use the information below to understand how much financial assistance you may get from Centura College-Norfolk.
Through a mix of loans, grants, work-study and scholarships, schools bring down the effective cost so more students can attend. Bear in mind that not all aid is equal, and the amount any one student receives can vary widely.
Looking at the entering class at Centura College-Norfolk, 94% of new full-time first-years were awarded at least some aid some 48 students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 78% | $6,091 |
| Institutional grants & scholarships | 2% | $5,000 |
| Federal Pell grants | 73% | $5,850 |
| State/local grants | 6% | $3,795 |
| Federal student loans | 86% | $8,034 |
Grants and scholarships are the most valuable form of aid because, unlike loans, they never have to be repaid. At Centura College - Norfolk, some 57% of undergraduate students received gift aid averaging $5,087 (across approximately 110 undergraduates).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 57% | $5,087 |
| Federal Pell grants | 55% | $4,866 |
| Federal student loans | 42% | $7,648 |
For students living on campus and receiving title-IV aid, grants averaged $5,296.
Need-based aid means lower-income families typically pay far less than the sticker price suggests.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $26,130 |
| $30,001 – $75,000 | $26,675 |
| Over $75,000 | $31,649 |
The numbers above are post-aid net prices, so they already account for grants and scholarships.
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 | $31,032 |
| Off-campus title-IV students | $26,719 |
To project your own net price, use Centura College - Norfolk’s net price tool: www.centuracollege.edu/your_rights/.
The middle student in the debt distribution at Centura College - Norfolk owes $10,054 of federal borrowing.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $10,054 |
| Median federal debt (graduates only) | $14,750 |
| Typical 10-year monthly payment (graduates) | $156.37/mo |
That monthly figure reflects the median graduate debt repaid on a standard 10-year federal schedule.
The numbers below show the full range, not just the middle of the distribution. The percentiles below describe the cumulative federal debt distribution for borrowers at Centura College - Norfolk.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $4,708 |
| 25th percentile | $6,198 |
| 75th percentile | $20,000 |
| 90th percentile (highest-debt students) | $24,594 |
How much a student borrows depends heavily on family income, first-gen status, and dependency.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $10,040 |
| Middle income | $11,125 |
| High income | $8,750 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $10,213 |
| Continuing-generation students | $9,500 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $8,750 |
| Independent students | $11,875 |
These indicators are derived from the underlying debt data and summarize the overall picture at Centura College - Norfolk.
The Stafford loan program is the largest source of federal direct loans to undergraduates. The aggregate figures below show how active the program is at Centura College - Norfolk:
| Metric | Value |
|---|---|
| Stafford loan recipients | 26310 |
| Total Stafford loan amount | $432,772,151 |
Military-affiliated students can tap the Post-9/11 GI Bill and DoD Tuition Assistance.
GI Bill volume
| Metric | Value |
|---|---|
| GI Bill recipients | 26 |
| Total GI Bill amount | $451,260 |
| Average GI Bill amount per recipient | $17,356 |
References
More about our data sources and methodologies.