by our College Data Analytics TeamThe majority of students will never be charged 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 College of the Atlantic can seem overwhelming, but bear in mind that many students are given some form of financial aid.
What financial assistance options will College of the Atlantic offer, and what will you qualify for? Read on for more information. Keep scrolling to find out just how much financial aid will be open to you.
Your financial aid package, which may contain grants and scholarships, will be determined on your financial need. Continue reading to find information to help you understand just how much assistance you can expect to receive from College of the Atlantic.
Aid such as grants, loans, work-study, and scholarships helps colleges decrease the real cost of attendance for most students. Note that some aid is more valuable than the rest, and individual awards are far from uniform.
At College of the Atlantic, 100% of entering full-time freshmen got some type of financial assistance approximately 80 first-years).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 100% | $36,437 |
| Institutional grants & scholarships | 100% | $35,004 |
| Federal Pell grants | 28% | $4,629 |
| State/local grants | 5% | $1,491 |
| Federal student loans | 64% | $7,408 |
Gift aid — grants and scholarships — beats loans every time because none of it has to be repaid. At College of the Atlantic, around 97% of undergraduates were awarded grant or scholarship aid averaging $31,212 (among about 348 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 97% | $31,212 |
| Federal Pell grants | 28% | $5,032 |
| Federal student loans | 53% | $5,868 |
On-campus students receiving title-IV aid were awarded grants averaging $33,082.
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 | $12,278 |
| $30,001 – $75,000 | $13,896 |
| Over $75,000 | $32,128 |
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 | $25,184 |
| Off-campus title-IV students | $24,028 |
To project your own net price, use College of the Atlantic’s net price calculator: npc.collegeboard.org/app/atlantic.
The median federal debt load at College of the Atlantic comes to $17,723 of federal borrowing.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $17,723 |
| Median federal debt (graduates only) | $25,050 |
| Typical 10-year monthly payment (graduates) | $265.57/mo |
Spreading the median graduate debt over a standard 10-year repayment schedule works out to roughly the monthly payment shown above.
A single median figure conceals how much debt outcomes differ student to student. The percentiles below describe the cumulative federal debt distribution for borrowers at College of the Atlantic.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,083 |
| 25th percentile | $7,000 |
| 75th percentile | $24,693 |
| 90th percentile (highest-debt students) | $28,135 |
Outcomes differ by income bracket, by first-generation status, and by whether a student is financially dependent.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $21,500 |
| Middle income | $18,809 |
| High income | $14,833 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $17,553 |
| Continuing-generation students | $17,723 |
Federal data publishes pre-calculated indicators that summarize debt outcomes. College of the Atlantic.
The Stafford program is the federal direct-loan vehicle most undergraduates use. These figures summarize annual Stafford program activity at College of the Atlantic:
| Metric | Value |
|---|---|
| Stafford loan recipients | 1160 |
| Total Stafford loan amount | $16,506,854 |
Military-affiliated students can tap the Post-9/11 GI Bill and DoD Tuition Assistance.
GI Bill volume
| Metric | Value |
|---|---|
| GI Bill recipients | 2 |
| Total GI Bill amount | $41,742 |
| Average GI Bill amount per recipient | $20,871 |
DoD program volume
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 0 |
| Total DoD amount | $0 |
References
More about our data sources and methodologies.