by our College Data Analytics TeamMany 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 College of Our Lady of the Elms can appear overpowering, but remember that the majority of students obtain some kind of financial assistance.
Just what financial aid solutions can Elms College deliver, and just what are you going to be eligible for? Keep reading for answers. Read on to discover how much school funding could be available to you.
The amount of financial aid and scholarships you are eligible for will vary depending on your family’s income. The information provided on this page can help you determine how much aid you may receive from College of Our Lady of the Elms.
Through a mix of loans, grants, work-study and scholarships, schools bring down the effective cost so more students can attend. However, some types of aid are more desirable than others, and some students will receive more than others.
Looking at the entering class at College of Our Lady of the Elms, 100% of first-year full-time students received aid of some kind around 196 incoming students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 100% | $33,794 |
| Institutional grants & scholarships | 100% | $28,934 |
| Federal Pell grants | 55% | $5,912 |
| State/local grants | 41% | $3,578 |
| Federal student loans | 66% | $5,158 |
The best aid is gift aid: grants and scholarships that carry no repayment obligation. At Elms College, some 85% of undergraduate students received gift aid averaging $25,471 (for some 882 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 85% | $25,471 |
| Federal Pell grants | 45% | $5,714 |
| Federal student loans | 71% | $10,582 |
Title-IV recipients living on campus saw average grant aid of $36,482.
Because need-based aid scales with family income, what students actually pay differs sharply across income brackets.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $18,653 |
| $30,001 – $75,000 | $18,330 |
| Over $75,000 | $27,454 |
These figures reflect what title-IV aid recipients pay after grant and scholarship aid is applied.
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 | $17,545 |
| Off-campus title-IV students | $21,436 |
To project your own net price, use Elms College’s NPC: www.elms.edu/net-price-calculator/.
A typical borrower at Elms College leaves with $20,500 in federal student debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $20,500 |
| Median federal debt (graduates only) | $25,000 |
| Typical 10-year monthly payment (graduates) | $265.04/mo |
At a typical 10-year repayment schedule, the median graduate would pay about the monthly figure above.
A single median figure conceals how much debt outcomes differ student to student. These percentiles trace how cumulative federal debt is spread among borrowers at Elms College.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $5,500 |
| 25th percentile | $12,500 |
| 75th percentile | $28,250 |
| 90th percentile (highest-debt students) | $32,418 |
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 | $20,750 |
| Middle income | $21,065 |
| High income | $19,500 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $20,750 |
| Continuing-generation students | $20,000 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $20,375 |
| Independent students | $20,834 |
The Department of Education computes summary indicators that describe debt outcomes at a glance. Elms College.
Stafford loans make up the bulk of federal direct lending to undergraduates. The totals below capture Stafford lending at Elms College:
| Metric | Value |
|---|---|
| Stafford loan recipients | 6315 |
| Total Stafford loan amount | $134,197,588 |
If you are a veteran or active-duty service member, the GI Bill and DoD Tuition Assistance are the primary federal programs you can use at this school.
Post-9/11 GI Bill activity
| Metric | Value |
|---|---|
| GI Bill recipients | 16 |
| Total GI Bill amount | $364,257 |
| Average GI Bill amount per recipient | $22,766 |
DoD program volume
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 0 |
| Total DoD amount | $0 |
References
More about our data sources and methodologies.