by our College Data Analytics TeamA lot of students will never be charged the complete price tag of a school. Rather, they are presented a financial aid deal that includes a mix of loans, grants, scholarships, and possibly work-study opportunities. The total price of attendance at Eagle Gate College-Murray can feel tremendous, but do not forget that almost all students receive some sort of financial help.
Just what financial aid solutions can Eagle Gate College - Murray provide, and just what are you going to be eligible for? Keep reading for answers. Read on to see just how much financial aid could be open to you.
The amount of financial aid and scholarships you are eligible for will vary depending on your family’s income. Continue reading to find information to help you understand just how much assistance you can expect to receive from Eagle Gate College-Murray.
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. Bear in mind that not all aid is equal, and the amount any one student receives can vary widely.
Looking at the entering class at Eagle Gate College-Murray, 65% of new full-time first-years were awarded at least some aid approximately 13 freshmen).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 60% | $6,955 |
| Institutional grants & scholarships | 0% | — |
| Federal Pell grants | 60% | $6,505 |
| State/local grants | 0% | — |
| Federal student loans | 50% | $8,010 |
Gift aid — grants and scholarships — beats loans every time because none of it has to be repaid. At Eagle Gate College - Murray, approximately 31% of undergraduates were awarded grant or scholarship aid averaging $6,771 (for some 82 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 31% | $6,771 |
| Federal Pell grants | 31% | $6,331 |
| Federal student loans | 38% | $9,519 |
On-campus students receiving title-IV aid were awarded grants averaging $6,420.
Because need-based aid scales with family income, what students actually pay differs sharply across income brackets.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $28,945 |
| $30,001 – $75,000 | $28,304 |
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 | $27,345 |
| Off-campus title-IV students | $28,945 |
For a personalized estimate based on your family’s financial situation, use Eagle Gate College - Murray’s net price tool: www.eaglegatecollege.edu/financial-aid-admissions/net-price-calculator/.
The middle student in the debt distribution at Eagle Gate College - Murray owes $20,000 of federal student loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $20,000 |
| Median federal debt (graduates only) | $43,021 |
| Typical 10-year monthly payment (graduates) | $456.09/mo |
Under a standard ten-year plan, the median graduate’s monthly payment lands near the figure 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 Eagle Gate College - Murray.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,683 |
| 25th percentile | $7,486 |
| 75th percentile | $22,524 |
| 90th percentile (highest-debt students) | $32,562 |
Median debt varies by family income, by first-generation status, and by dependency status.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $17,946 |
| Middle income | $24,000 |
| High income | $24,862 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $17,116 |
| Continuing-generation students | $29,442 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $12,524 |
| Independent students | $24,125 |
These indicators are derived from the underlying debt data and summarize the overall picture at Eagle Gate College - Murray.
The Stafford loan program is the largest source of federal direct loans to undergraduates. Below is the annual Stafford program activity at Eagle Gate College - Murray:
| Metric | Value |
|---|---|
| Stafford loan recipients | 6714 |
| Total Stafford loan amount | $133,439,267 |
Veterans and active-duty service members may qualify for the Post-9/11 GI Bill or DoD Tuition Assistance.
Post-9/11 GI Bill activity
| Metric | Value |
|---|---|
| GI Bill recipients | 3 |
| Total GI Bill amount | $53,327 |
| Average GI Bill amount per recipient | $17,776 |
References
More about our data sources and methodologies.