by our College Data Analytics TeamA lot of students will not be asked to pay 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 price tag of going to Cottey College can appear tremendous, but do not forget that almost all students obtain some kind of financial help.
Just what financial aid solutions can Cottey College provide, and just what are you going to be eligible for? Keep reading for answers. Keep reading to learn just how much financial aid will be open to you.
The amount of financial aid you can receive varies from person to person and will depend on your family’s economic situation. Use the information below to understand how much financial assistance you may get from Cottey College.
Colleges use loans, grants, scholarships and work-study to minimize what students actually pay out of pocket. Keep in mind that certain forms of assistance are more beneficial than others, and aid amounts differ from student to student.
Looking at the entering class at Cottey College, 100% of first-year full-time students received aid of some kind some 65 students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 100% | $24,565 |
| Institutional grants & scholarships | 100% | $20,701 |
| Federal Pell grants | 55% | $5,682 |
| State/local grants | 15% | $2,988 |
| Federal student loans | 54% | $6,429 |
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 Cottey College, about 100% of undergraduates were awarded an average grant or scholarship of $27,228 (for some 265 recipients).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 100% | $27,228 |
| Federal Pell grants | 46% | $5,556 |
| Federal student loans | 61% | $7,276 |
Among title-IV aid recipients living on campus, grant and scholarship aid averaged $25,464.
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 | $17,035 |
| $30,001 – $75,000 | $17,590 |
| Over $75,000 | $19,463 |
Each amount is the average cost remaining once grant aid is subtracted, by income band.
The net price represents the average annual cost a title-IV-receiving student pays after grant aid is subtracted from the full cost of attendance.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $13,805 |
| Off-campus title-IV students | $18,154 |
For an estimate tailored to your family circumstances, see Cottey College’s official net price calculator: www.cottey.edu/NetPriceCalculator/index.html.
The median student at Cottey College graduates with $11,000 of federal student loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $11,000 |
| Median federal debt (graduates only) | $19,043 |
| Typical 10-year monthly payment (graduates) | $201.89/mo |
Spreading the median graduate debt over a standard 10-year repayment schedule works out to roughly the monthly payment shown above.
Percentiles reveal the spread — half of all borrowers fall between the 25th and 75th percentiles. The four reference points below map the debt distribution at Cottey College.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,750 |
| 25th percentile | $5,500 |
| 75th percentile | $12,000 |
| 90th percentile (highest-debt students) | $19,500 |
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 | $9,500 |
| Middle income | $9,125 |
| High income | $12,000 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $9,500 |
| Continuing-generation students | $12,000 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $11,000 |
| Independent students | $11,811 |
These indicators are derived from the underlying debt data and summarize the overall picture at Cottey College.
The Stafford loan program is the largest source of federal direct loans to undergraduates. These figures summarize annual Stafford program activity at Cottey College:
| Metric | Value |
|---|---|
| Stafford loan recipients | 1560 |
| Total Stafford loan amount | $14,380,586 |
Veterans and active-duty service members may qualify for the Post-9/11 GI Bill or DoD Tuition Assistance.
GI Bill volume
| Metric | Value |
|---|---|
| GI Bill recipients | 2 |
| Total GI Bill amount | $10,109 |
| Average GI Bill amount per recipient | $5,055 |
References
More about our data sources and methodologies.