by our College Data Analytics TeamMost students are not billed the advertised price of a school. Instead, they will be provided a financial aid package that will include a combination of scholarships, grants, loans, and work-study. The total cost of going to City Colleges of Chicago-Richard J Daley College can seem overwhelming, but bear in mind that many students are given some form of financial aid.
What financial aid options can Richard J Daley College offer, and what will you qualify for? Keep reading for more information. Keep reading to discover just how much financial aid could be open to you.
The amount of financial aid and scholarships you are eligible for will vary depending on your family’s income. Continue reading to find information to help you understand just how much assistance you can expect to receive from City Colleges of Chicago-Richard J Daley College.
Colleges use loans, grants, scholarships and work-study to minimize what students actually pay out of pocket. Note that some aid is more valuable than the rest, and individual awards are far from uniform.
For freshmen starting at City Colleges of Chicago-Richard J Daley College, 62% of the incoming full-time class was awarded financial aid approximately 262 students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 62% | $5,474 |
| Institutional grants & scholarships | 16% | $2,062 |
| Federal Pell grants | 50% | $4,869 |
| State/local grants | 37% | $1,575 |
| Federal student loans | 0% | $3,958 |
Because grants and scholarships do not have to be repaid, they are the most sought-after type of financial aid. Here, roughly 23% of undergraduate students received gift aid averaging $5,030 (covering around 1314 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 23% | $5,030 |
| Federal Pell grants | 19% | $4,269 |
| Federal student loans | 0% | $3,839 |
For students living on campus and receiving title-IV aid, grants averaged $6,200.
How much a family pays depends heavily on income, because most aid is awarded on the basis of financial need.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $2,245 |
| $30,001 – $75,000 | $3,853 |
| Over $75,000 | $6,819 |
Each amount is the average cost remaining once grant aid is subtracted, by income band.
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 | $7,886 |
| Off-campus title-IV students | $3,166 |
For a customized cost estimate, visit Richard J Daley College’s net price tool: www.ccc.edu/colleges/daley/services/Pages/Find-Out-How-Much-College-Will-Cost.aspx.
The median student at Richard J Daley College graduates with $3,500 in federal loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $3,500 |
| Median federal debt (graduates only) | $4,500 |
| Typical 10-year monthly payment (graduates) | $47.71/mo |
Under a standard ten-year plan, the median graduate’s monthly payment lands near the 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 Richard J Daley College.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $1,750 |
| 25th percentile | $2,000 |
| 75th percentile | $5,000 |
| 90th percentile (highest-debt students) | $8,500 |
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 | $3,500 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $3,478 |
| Independent students | $4,500 |
A handful of calculated indicators summarize the debt outlook at Richard J Daley College.
Stafford loans make up the bulk of federal direct lending to undergraduates. The annual Stafford volume below reflects program activity at Richard J Daley College:
| Metric | Value |
|---|---|
| Stafford loan recipients | 2064 |
| Total Stafford loan amount | $10,563,535 |
Veterans and active-duty service members may qualify for the Post-9/11 GI Bill or DoD Tuition Assistance.
GI Bill volume
| Metric | Value |
|---|---|
| GI Bill recipients | 76 |
| Total GI Bill amount | $49,282 |
| Average GI Bill amount per recipient | $648 |
DoD Tuition Assistance activity
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 0 |
| Total DoD amount | $0 |
References
More about our data sources and methodologies.