by our College Data Analytics TeamA lot of 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 price tag of going to Clovis Community College can appear overwhelming, but bear in mind that many students obtain some kind of financial aid.
Just what financial aid solutions can Clovis Community College provide, and just what are you going to be eligible for? Keep reading for answers. Keep reading to find out how much school funding will be available to you.
How much aid you qualify for depends largely on your family’s financial circumstances. Read on to get a sense of the financial assistance available at Clovis Community College.
Aid such as grants, loans, work-study, and scholarships helps colleges decrease the real cost of attendance for most students. Keep in mind that certain forms of assistance are more beneficial than others, and aid amounts differ from student to student.
Among first-time, full-time freshmen at Clovis Community College, 88% of first-year full-time students received aid of some kind some 96 first-years).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 88% | $5,595 |
| Institutional grants & scholarships | 2% | $145 |
| Federal Pell grants | 68% | $5,130 |
| State/local grants | 73% | $1,841 |
| Federal student loans | 1% | $2,094 |
Grants and scholarships are the most valuable form of aid because, unlike loans, they never have to be repaid. At this school, around 38% of undergraduates were awarded an average grant or scholarship of $4,798 (covering around 877 recipients).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 38% | $4,798 |
| Federal Pell grants | 30% | $4,367 |
| Federal student loans | 3% | $4,692 |
On-campus students receiving title-IV aid were awarded grants averaging $6,813.
Since aid is largely need-based, the real cost of attendance falls steeply for lower-income families.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $3,005 |
| $30,001 – $75,000 | $3,910 |
| Over $75,000 | $8,286 |
Each amount is the average cost remaining once grant aid is subtracted, by income band.
After grants and scholarships come off the published price, what remains is the net price — the best estimate of true out-of-pocket cost.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $3,230 |
| Off-campus title-IV students | $2,572 |
To project your own net price, use Clovis Community College’s NPC: www.clovis.edu/financialaid/netpricecalculator/npcalc.htm.
A typical borrower at Clovis Community College leaves with $5,750 in federal student debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $5,750 |
| Median federal debt (graduates only) | $7,250 |
| Typical 10-year monthly payment (graduates) | $76.86/mo |
That monthly figure reflects the median graduate debt repaid on a standard 10-year federal schedule.
The median alone does not show how widely outcomes vary across the student body. The four reference points below map the debt distribution at Clovis Community College.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $1,413 |
| 25th percentile | $2,000 |
| 75th percentile | $8,377 |
| 90th percentile (highest-debt students) | $15,309 |
The figures below break down median federal debt by income tier, first-generation status, and dependency.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $6,107 |
| Middle income | $5,857 |
| High income | $2,000 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $5,982 |
| Continuing-generation students | $4,500 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $4,500 |
| Independent students | $6,067 |
The figure below distills the debt data into a single burden category for Clovis Community College.
Stafford loans are the federal government’s primary direct undergraduate lending program. The totals below capture Stafford lending at Clovis Community College:
| Metric | Value |
|---|---|
| Stafford loan recipients | 2646 |
| Total Stafford loan amount | $24,180,614 |
Military-affiliated students can tap the Post-9/11 GI Bill and DoD Tuition Assistance.
GI Bill volume
| Metric | Value |
|---|---|
| GI Bill recipients | 31 |
| Total GI Bill amount | $37,136 |
| Average GI Bill amount per recipient | $1,198 |
Active-duty Tuition Assistance recipients
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 48 |
| Total DoD amount | $13,056 |
| Average DoD amount per recipient | $272 |
References
More about our data sources and methodologies.