by our College Data Analytics TeamThe majority of students are not billed 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 sum total of attendance at Rowan College of South Jersey-Cumberland Campus can sound tremendous, but do not forget that almost all students get some type of financial help.
Just what financial aid solutions can Cumberland County College provide, and just what are you going to be eligible for? Keep reading for answers. Keep scrolling to see what amount of financial assistance could be accessible to you.
The amount of financial aid and scholarships you are eligible for will vary depending on your family’s income. Read on to get a sense of the financial assistance available at Rowan College of South Jersey-Cumberland Campus.
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.
For incoming first-year students at Rowan College of South Jersey-Cumberland Campus, 87% of first-year full-time students received aid of some kind approximately 367 incoming students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 82% | $6,821 |
| Institutional grants & scholarships | 14% | $1,403 |
| Federal Pell grants | 64% | $6,139 |
| State/local grants | 54% | $2,589 |
| Federal student loans | 21% | $5,053 |
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 this school, approximately 55% of undergrads got grants or scholarships worth on average $5,634 (across roughly 1407 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 55% | $5,634 |
| Federal Pell grants | 43% | $5,000 |
| Federal student loans | 17% | $6,029 |
For on-campus title-IV students, average grant aid came to $5,507.
Need-based aid means lower-income families typically pay far less than the sticker price suggests.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $5,494 |
| $30,001 – $75,000 | $6,742 |
| Over $75,000 | $10,424 |
Each amount is the average cost remaining once grant aid is subtracted, by income band.
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 | $10,562 |
| Off-campus title-IV students | $6,549 |
For an estimate tailored to your family circumstances, see Cumberland County College’s net price calculator: npc.collegeboard.org/app/gccnj.
The median student at Cumberland County College graduates with $7,664 in federal loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $7,664 |
| Median federal debt (graduates only) | $12,000 |
| Typical 10-year monthly payment (graduates) | $127.22/mo |
Spreading the median graduate debt over a standard 10-year repayment schedule works out to roughly the monthly payment shown above.
Looking only at the median can be misleading because it hides the spread. The figures below chart the debt distribution at Cumberland County College.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $1,774 |
| 25th percentile | $3,025 |
| 75th percentile | $10,750 |
| 90th percentile (highest-debt students) | $17,248 |
How much a student borrows depends heavily on family income, first-gen status, and dependency.
Debt by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $7,171 |
| Middle income | $6,653 |
| High income | $8,250 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $8,000 |
| Continuing-generation students | $5,548 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $6,378 |
| Independent students | $9,500 |
These indicators are derived from the underlying debt data and summarize the overall picture at Cumberland County College.
The Stafford program is the federal direct-loan vehicle most undergraduates use. The annual Stafford volume below reflects program activity at Cumberland County College:
| Metric | Value |
|---|---|
| Stafford loan recipients | 17053 |
| Total Stafford loan amount | $191,694,128 |
The GI Bill and DoD Tuition Assistance are the main federal aid routes for veterans and service members.
Post-9/11 GI Bill recipients
| Metric | Value |
|---|---|
| GI Bill recipients | 71 |
| Total GI Bill amount | $152,611 |
| Average GI Bill amount per recipient | $2,149 |
Active-duty Tuition Assistance recipients
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 11 |
| Total DoD amount | $9,522 |
| Average DoD amount per recipient | $866 |
References
More about our data sources and methodologies.