by our College Data Analytics TeamMany students will not be asked to pay the full sticker price of a school. Rather, they are offered a financial aid plan that includes a mix of loans, grants, scholarships, and possibly work-study opportunities. The price tag of going to College of the Canyons can appear overwhelming, but bear in mind that many students obtain some kind of financial aid.
Just what financial aid solutions can College of the Canyons deliver, and just what are you going to be eligible for? Keep reading for answers. Keep reading to learn how much school funding will be available to you.
Eligibility for aid and scholarships is driven mostly by your household’s income and need. Use the information below to understand how much financial assistance you may get from College of the Canyons.
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. Some kinds of aid are clearly preferable to others, and outcomes differ across students.
For freshmen starting at College of the Canyons, 83% of new full-time first-years were awarded at least some aid (about 1294 new students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 83% | $4,597 |
| Institutional grants & scholarships | 5% | $597 |
| Federal Pell grants | 41% | $4,730 |
| State/local grants | 83% | $2,120 |
| Federal student loans | 0% | $3,875 |
Grants and scholarships are the most valuable form of aid because, unlike loans, they never have to be repaid. At College of the Canyons, around 42% of undergrads got grants or scholarships worth on average $3,926 (covering around 7319 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 42% | $3,926 |
| Federal Pell grants | 18% | $4,250 |
| Federal student loans | 1% | $6,056 |
On-campus students receiving title-IV aid were awarded grants averaging $7,658.
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 | $1,404 |
| $30,001 – $75,000 | $2,563 |
| Over $75,000 | $6,327 |
Each figure is the net price after grants and scholarships, not the published sticker price.
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 | $3,702 |
| Off-campus title-IV students | $2,114 |
To project your own net price, use College of the Canyons’s net price calculator: www.canyons.edu/studentservices/financialaid/about/netcalc.php.
Graduating students at College of the Canyons carry a median federal student debt of $6,375 of federal borrowing.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $6,375 |
| Median federal debt (graduates only) | $9,612 |
| Typical 10-year monthly payment (graduates) | $101.9/mo |
Spreading the median graduate debt over a standard 10-year repayment schedule works out to roughly the monthly payment shown above.
The median alone does not show how widely outcomes vary across the student body. The figures below chart the debt distribution at College of the Canyons.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $1,750 |
| 25th percentile | $3,000 |
| 75th percentile | $12,000 |
| 90th percentile (highest-debt students) | $22,267 |
Outcomes differ by income bracket, by first-generation status, and by whether a student is financially dependent.
Debt by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $7,762 |
| Middle income | $6,750 |
| High income | $4,875 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $6,500 |
| Continuing-generation students | $5,500 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $4,729 |
| Independent students | $9,500 |
The figure below distills the debt data into a single burden category for College of the Canyons.
The Stafford loan program is the largest source of federal direct loans to undergraduates. The aggregate figures below show how active the program is at College of the Canyons:
| Metric | Value |
|---|---|
| Stafford loan recipients | 5573 |
| Total Stafford loan amount | $65,390,210 |
GI Bill and DoD Tuition Assistance are the two federal aid programs targeted at military-affiliated students.
GI Bill volume
| Metric | Value |
|---|---|
| GI Bill recipients | 0 |
| Total GI Bill amount | $0 |
DoD program volume
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 0 |
| Total DoD amount | $0 |
References
More about our data sources and methodologies.