by our College Data Analytics TeamMost students are not billed 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 cost of going to Earlham College can seem overwhelming, but bear in mind that many students are given some form of financial aid.
What financial aid options can Earlham offer, and what will you qualify for? Keep reading for more information. Scroll down to see how much school funding could be available to you.
Your financial aid package, which may contain grants and scholarships, will be determined on your financial need. The information provided on this page can help you determine how much aid you may receive from Earlham College.
Aid such as grants, loans, work-study, and scholarships helps colleges decrease the real cost of attendance for most students. Bear in mind that not all aid is equal, and the amount any one student receives can vary widely.
At Earlham College, 100% of first-time, full-time freshmen received some form of financial aid (about 202 new students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 100% | $40,618 |
| Institutional grants & scholarships | 100% | $37,057 |
| Federal Pell grants | 25% | $6,026 |
| State/local grants | 15% | $9,066 |
| Federal student loans | 55% | $5,209 |
Unlike loans, grants and scholarships are gift aid that does not need to be paid back, making them the most desirable form of assistance. Here, some 96% of undergraduate students received gift aid averaging $41,801 (covering around 611 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 96% | $41,801 |
| Federal Pell grants | 24% | $5,904 |
| Federal student loans | 43% | $5,779 |
Title-IV recipients living on campus saw average grant aid of $42,970.
Since aid is largely need-based, the real cost of attendance falls steeply for lower-income families.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $19,281 |
| $30,001 – $75,000 | $21,521 |
| Over $75,000 | $28,038 |
Each amount is the average cost remaining once grant aid is subtracted, by income band.
The net price strips out grant and scholarship aid from the sticker price to show roughly what families really pay.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $24,714 |
| Off-campus title-IV students | $24,516 |
To get a personalized net price estimate, try Earlham’s online cost calculator: www.shoppingsheet.com/Shopping/School/150455.
The middle student in the debt distribution at Earlham owes $19,500 of federal borrowing.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $19,500 |
| Median federal debt (graduates only) | $23,488 |
| Typical 10-year monthly payment (graduates) | $249.01/mo |
Spreading the median graduate debt over a standard 10-year repayment schedule works out to roughly the monthly payment shown above.
A single median figure conceals how much debt outcomes differ student to student. Use the percentiles below to see the debt range at Earlham.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,500 |
| 25th percentile | $9,371 |
| 75th percentile | $30,410 |
| 90th percentile (highest-debt students) | $33,000 |
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 | $19,500 |
| Middle income | $19,500 |
| High income | $19,500 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $21,103 |
| Continuing-generation students | $19,458 |
The Department of Education computes summary indicators that describe debt outcomes at a glance. Earlham.
The Stafford program is the federal direct-loan vehicle most undergraduates use. Below is the annual Stafford program activity at Earlham:
| Metric | Value |
|---|---|
| Stafford loan recipients | 3221 |
| Total Stafford loan amount | $53,293,566 |
References
More about our data sources and methodologies.