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 sum total of attendance at East Central College can sound overpowering, but remember that the majority of students get some type of financial assistance.
What financing options does East Central College offer, and what will you qualify for? Keep scrolling for more information. Keep scrolling to discover 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. Continue reading to find information to help you understand just how much assistance you can expect to receive from East Central College.
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. Some kinds of aid are clearly preferable to others, and outcomes differ across students.
At East Central College, 95% of first-year full-time students received aid of some kind roughly 527 first-years).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 92% | $5,708 |
| Institutional grants & scholarships | 12% | $2,345 |
| Federal Pell grants | 49% | $5,316 |
| State/local grants | 75% | $3,120 |
| Federal student loans | 7% | $4,705 |
Because grants and scholarships do not have to be repaid, they are the most sought-after type of financial aid. At this school, roughly 60% of undergraduate students received gift aid averaging $4,956 (among about 1578 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 60% | $4,956 |
| Federal Pell grants | 33% | $4,478 |
| Federal student loans | 8% | $5,822 |
For on-campus title-IV students, average grant aid came to $6,258.
Need-based aid means lower-income families typically pay far less than the sticker price suggests.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $11,741 |
| $30,001 – $75,000 | $12,710 |
| Over $75,000 | $14,867 |
The numbers above are post-aid net prices, so they already account for grants and scholarships.
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 | $13,128 |
| Off-campus title-IV students | $12,522 |
For a personalized estimate based on your family’s financial situation, use East Central College’s net price calculator: www.eastcentral.edu/finaid/net-price-calculator/.
Graduating students at East Central College carry a median federal student debt of $6,590 of cumulative federal debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $6,590 |
| Median federal debt (graduates only) | $9,500 |
| Typical 10-year monthly payment (graduates) | $100.72/mo |
That monthly figure reflects the median graduate debt repaid on a standard 10-year federal schedule.
Percentiles reveal the spread — half of all borrowers fall between the 25th and 75th percentiles. Use the percentiles below to see the debt range at East Central College.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $1,750 |
| 25th percentile | $3,069 |
| 75th percentile | $15,312 |
| 90th percentile (highest-debt students) | $29,172 |
Median debt varies by family income, by first-generation status, and by dependency status.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $8,492 |
| Middle income | $6,381 |
| High income | $5,500 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $7,125 |
| Continuing-generation students | $5,000 |
Dependent vs Independent Students
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,250 |
| Independent students | $9,750 |
Federal data publishes pre-calculated indicators that summarize debt outcomes. East Central College.
Most undergraduate borrowing runs through the federal Stafford loan program. Below is the annual Stafford program activity at East Central College:
| Metric | Value |
|---|---|
| Stafford loan recipients | 5667 |
| Total Stafford loan amount | $74,118,595 |
Military-affiliated students can tap the Post-9/11 GI Bill and DoD Tuition Assistance.
Post-9/11 GI Bill activity
| Metric | Value |
|---|---|
| GI Bill recipients | 28 |
| Total GI Bill amount | $93,436 |
| Average GI Bill amount per recipient | $3,337 |
DoD Tuition Assistance activity
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 4 |
| Total DoD amount | $14,434 |
| Average DoD amount per recipient | $3,609 |
References
More about our data sources and methodologies.