by our College Data Analytics TeamA large number of 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 total price of attendance at Mountain Gateway Community College can feel tremendous, but do not forget that almost all students receive some sort of financial help.
Just what financial assistance solutions will DSLCC provide, and just what are you going to be eligible for? Read on for answers. Keep going to learn what amount of financial assistance will be accessible to you.
How much aid you qualify for depends largely on your family’s financial circumstances. Read on to get a sense of the financial assistance available at Mountain Gateway Community College.
Through a mix of loans, grants, work-study and scholarships, schools bring down the effective cost so more students can attend. Keep in mind that certain forms of assistance are more beneficial than others, and aid amounts differ from student to student.
At Mountain Gateway Community College, 89% of entering full-time freshmen got some type of financial assistance around 93 freshmen).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 88% | $6,487 |
| Institutional grants & scholarships | 41% | $1,721 |
| Federal Pell grants | 66% | $6,071 |
| State/local grants | 68% | $1,329 |
| Federal student loans | 5% | $5,444 |
Gift aid — grants and scholarships — beats loans every time because none of it has to be repaid. At DSLCC, approximately 35% of the undergraduate population received grant aid that averaged $5,281 (for some 354 undergraduates).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 35% | $5,281 |
| Federal Pell grants | 27% | $4,784 |
| Federal student loans | 5% | $6,009 |
On-campus students receiving title-IV aid were awarded grants averaging $7,704.
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 | $5,055 |
| $30,001 – $75,000 | $6,113 |
| Over $75,000 | $12,234 |
The numbers above are post-aid net prices, so they already account for grants and scholarships.
Net price is the average annual cost after grants and scholarships are subtracted from the published cost of attendance — the figure closest to what a typical aid-receiving student actually pays.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $4,861 |
| Off-campus title-IV students | $6,307 |
For a customized cost estimate, visit DSLCC’s official net price calculator: www.vawizard.org/wizard/npc.
Graduating students at DSLCC carry a median federal student debt of $6,500 of federal student loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $6,500 |
| Median federal debt (graduates only) | $9,182 |
| Typical 10-year monthly payment (graduates) | $97.34/mo |
Under a standard ten-year plan, the median graduate’s monthly payment lands near the figure above.
Looking only at the median can be misleading because it hides the spread. The figures below chart the debt distribution at DSLCC.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $1,313 |
| 25th percentile | $2,750 |
| 75th percentile | $12,581 |
| 90th percentile (highest-debt students) | $19,000 |
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 | $8,288 |
| Middle income | $5,685 |
| High income | $5,500 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $6,753 |
| Continuing-generation students | $5,500 |
Dependent vs Independent Students
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,500 |
| Independent students | $9,057 |
The Department of Education computes summary indicators that describe debt outcomes at a glance. DSLCC.
Stafford loans are the federal government’s primary direct undergraduate lending program. These figures summarize annual Stafford program activity at DSLCC:
| Metric | Value |
|---|---|
| Stafford loan recipients | 1441 |
| Total Stafford loan amount | $14,308,570 |
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 recipients
| Metric | Value |
|---|---|
| GI Bill recipients | 0 |
| Total GI Bill amount | $0 |
Active-duty Tuition Assistance recipients
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 0 |
| Total DoD amount | $0 |
References
More about our data sources and methodologies.