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Claremont McKenna College Paying for Your Degree

50% Freshmen Get Financial Aid
$52,973 Average Grant & Scholarship
51% Undergrads Get Grant Aid

Most 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 total price of attendance at Claremont McKenna College can feel tremendous, but do not forget that almost all students receive some sort of financial help.

Just what financing solutions does Claremont McKenna deliver, and just what are you going to be eligible for? Keep scrolling for answers. Keep reading to see just how much financial aid could be open to you.

Why You Should Understand Claremont McKenna Financial Aid Information

Eligibility for aid and scholarships is driven mostly by your household’s income and need. The information provided on this page can help you determine how much aid you may receive from Claremont McKenna College.

Financial Aid for First-Year Students at Claremont McKenna College

Aid such as grants, loans, work-study, and scholarships helps colleges decrease the real cost of attendance for most students. Bear in mind that not all aid is equal, and the amount any one student receives can vary widely.

For incoming first-year students at Claremont McKenna College, 50% of first-time, full-time freshmen received some form of financial aid around 162 students).

Type of Aid% of Freshmen ReceivingAverage Amount
Grant or scholarship aid (all sources)43%$52,605
Institutional grants & scholarships43%$49,400
Federal Pell grants13%$5,868
State/local grants7%$9,358
Federal student loans17%$4,263

Undergraduate Grant Aid at Claremont McKenna College

Because grants and scholarships do not have to be repaid, they are the most sought-after type of financial aid. Across the undergraduate body at Claremont McKenna, approximately 51% of undergraduates were awarded an average grant or scholarship of $52,973 (among about 699 students).

Award% of Undergrads ReceivingAverage Amount
Grant or scholarship aid (all sources)51%$52,973
Federal Pell grants18%$5,903
Federal student loans21%$5,016

For students living on campus and receiving title-IV aid, grants averaged $57,651.

What Families Pay by Income at Claremont McKenna College

How much a family pays depends heavily on income, because most aid is awarded on the basis of financial need.

Family IncomeAverage Net Price
$0 – $48,000$13,585
$30,001 – $75,000$14,166
Over $75,000$43,637

These figures reflect what title-IV aid recipients pay after grant and scholarship aid is applied.

What a Degree Really Costs at Claremont McKenna College

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.

CohortAverage Net Price
On-campus title-IV students$28,849
Off-campus title-IV students$27,384

For an estimate tailored to your family circumstances, see Claremont McKenna’s net price tool: npc.collegeboard.org/student/app/claremontmckenna.

Student Debt Levels at Claremont McKenna College

The middle student in the debt distribution at Claremont McKenna owes $11,948 of cumulative federal debt.

MetricAmount
Median federal debt (all student-aid borrowers)$11,948
Median federal debt (graduates only)$13,500
Typical 10-year monthly payment (graduates)$143.12/mo

Under a standard ten-year plan, the median graduate’s monthly payment lands near the figure above.

How Debt Is Distributed Across Students

A single median figure conceals how much debt outcomes differ student to student. The figures below chart the debt distribution at Claremont McKenna.

PercentileCumulative Federal Debt
10th percentile (lowest-debt students)$3,750
25th percentile$5,500
75th percentile$19,827
90th percentile (highest-debt students)$26,198

Debt Outcomes by Student Group at Claremont McKenna College

Debt outcomes are not uniform — they shift with income, first-generation status, and dependency.

Debt by Income Tier

Income tierMedian federal debt
Low income$13,500
Middle income$11,500
High income$11,948

By First-Generation Status

CohortMedian federal debt
First-generation students$10,987
Continuing-generation students$12,000

Is the Debt Manageable?

The Department of Education computes summary indicators that describe debt outcomes at a glance. Claremont McKenna.

Federal Stafford Lending at Claremont McKenna College

Most undergraduate borrowing runs through the federal Stafford loan program. The aggregate figures below show how active the program is at Claremont McKenna:

MetricValue
Stafford loan recipients1018
Total Stafford loan amount$10,464,677

Military and Veterans Aid at Claremont McKenna College

Military-affiliated students can tap the Post-9/11 GI Bill and DoD Tuition Assistance.

GI Bill volume

MetricValue
GI Bill recipients3
Total GI Bill amount$81,360
Average GI Bill amount per recipient$27,120

More Financial Aid Resources from Claremont McKenna College

References

More about our data sources and methodologies.

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