by our College Data Analytics TeamMost students will never be charged 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 College of Central Florida can feel overwhelming, but bear in mind that many students receive some sort of financial aid.
Just what financial assistance solutions will CF provide, and just what are you going to be eligible for? Read on for answers. Scroll down to see what amount of financial assistance could be accessible to you.
The amount of financial aid you can receive varies from person to person and will depend on your family’s economic situation. Continue reading to find information to help you understand just how much assistance you can expect to receive from College of Central Florida.
Financial aid, in the form of loans, grants, work-study, and scholarships, is one way colleges reduce the cost of attendance so most students can actually afford to attend. Bear in mind that not all aid is equal, and the amount any one student receives can vary widely.
For freshmen starting at College of Central Florida, 84% of the incoming full-time class was awarded financial aid some 624 new students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 79% | $7,252 |
| Institutional grants & scholarships | 28% | $2,024 |
| Federal Pell grants | 61% | $6,454 |
| State/local grants | 57% | $2,068 |
| Federal student loans | 14% | $5,658 |
Unlike loans, grants and scholarships are gift aid that does not need to be paid back, making them the most desirable form of assistance. At CF, around 56% of undergrads got grants or scholarships worth on average $5,343 (across roughly 3192 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 56% | $5,343 |
| Federal Pell grants | 41% | $4,956 |
| Federal student loans | 18% | $6,507 |
For students living on campus and receiving title-IV aid, grants averaged $6,336.
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 | $11,729 |
| $30,001 – $75,000 | $13,036 |
| Over $75,000 | $16,343 |
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 | $12,088 |
| Off-campus title-IV students | $12,310 |
For a customized cost estimate, visit CF’s official net price calculator: www.cf.edu/NPC.
The median federal debt load at CF comes to $8,550 in federal loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $8,550 |
| Median federal debt (graduates only) | $13,000 |
| Typical 10-year monthly payment (graduates) | $137.82/mo |
Under a standard ten-year plan, the median graduate’s monthly payment lands near the figure above.
A single median figure conceals how much debt outcomes differ student to student. Use the percentiles below to see the debt range at CF.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $1,750 |
| 25th percentile | $3,450 |
| 75th percentile | $14,250 |
| 90th percentile (highest-debt students) | $25,403 |
Median debt varies by family income, by first-generation status, and by dependency status.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $9,210 |
| Middle income | $8,010 |
| High income | $6,500 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $8,819 |
| Continuing-generation students | $6,972 |
Dependent vs Independent Students
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,500 |
| Independent students | $11,890 |
A handful of calculated indicators summarize the debt outlook at CF.
The Stafford program is the federal direct-loan vehicle most undergraduates use. The annual Stafford volume below reflects program activity at CF:
| Metric | Value |
|---|---|
| Stafford loan recipients | 17260 |
| Total Stafford loan amount | $222,384,433 |
The GI Bill and DoD Tuition Assistance are the main federal aid routes for veterans and service members.
GI Bill volume
| Metric | Value |
|---|---|
| GI Bill recipients | 385 |
| Total GI Bill amount | $463,734 |
| Average GI Bill amount per recipient | $1,205 |
DoD program volume
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 15 |
| Total DoD amount | $16,674 |
| Average DoD amount per recipient | $1,112 |
References
More about our data sources and methodologies.