by our College Data Analytics TeamMost 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 sum total of attendance at Eastern Iowa Community College District can sound tremendous, but do not forget that almost all students get some type of financial help.
Just what financial aid solutions can Eastern Iowa Community Colleges deliver, and just what are you going to be eligible for? Keep reading for answers. Scroll down to learn how much school funding will be available to you.
Eligibility for aid and scholarships is driven mostly by your household’s income and need. The information provided on this page can help you determine how much aid you may receive from Eastern Iowa Community College District.
Through a mix of loans, grants, work-study and scholarships, schools bring down the effective cost so more students can attend. Note that some aid is more valuable than the rest, and individual awards are far from uniform.
For incoming first-year students at Eastern Iowa Community College District, 83% of new full-time first-years were awarded at least some aid roughly 444 new students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 77% | $5,735 |
| Institutional grants & scholarships | 46% | $2,250 |
| Federal Pell grants | 45% | $5,983 |
| State/local grants | 20% | $2,954 |
| Federal student loans | 21% | $4,779 |
Grants and scholarships are the most valuable form of aid because, unlike loans, they never have to be repaid. Here, around 33% of undergraduate students received gift aid averaging $6,201 (among about 2333 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 33% | $6,201 |
| Federal Pell grants | 24% | $6,138 |
| Federal student loans | 17% | $6,106 |
Title-IV recipients living on campus saw average grant aid of $5,153.
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 | $8,060 |
| $30,001 – $75,000 | $9,718 |
| Over $75,000 | $14,301 |
Each figure is the net price after grants and scholarships, not the published sticker price.
After grants and scholarships come off the published price, what remains is the net price — the best estimate of true out-of-pocket cost.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $14,017 |
| Off-campus title-IV students | $9,722 |
To get a personalized net price estimate, try Eastern Iowa Community Colleges’s net price tool: www.eicc.edu/future-students/financial-aid/net-price-calculator.aspx.
The middle student in the debt distribution at Eastern Iowa Community Colleges owes $7,970 of federal borrowing.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $7,970 |
| Median federal debt (graduates only) | $12,739 |
| Typical 10-year monthly payment (graduates) | $135.05/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 percentiles below describe the cumulative federal debt distribution for borrowers at Eastern Iowa Community Colleges.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $1,500 |
| 25th percentile | $2,750 |
| 75th percentile | $12,600 |
| 90th percentile (highest-debt students) | $22,039 |
How much a student borrows depends heavily on family income, first-gen status, and dependency.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $9,500 |
| Middle income | $6,500 |
| High income | $6,500 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $8,250 |
| Continuing-generation students | $6,500 |
Dependent vs Independent Students
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,500 |
| Independent students | $9,500 |
The Department of Education computes summary indicators that describe debt outcomes at a glance. Eastern Iowa Community Colleges.
The Stafford program is the federal direct-loan vehicle most undergraduates use. Below is the annual Stafford program activity at Eastern Iowa Community Colleges:
| Metric | Value |
|---|---|
| Stafford loan recipients | 20930 |
| Total Stafford loan amount | $263,545,404 |
The GI Bill and DoD Tuition Assistance are the main federal aid routes for veterans and service members.
GI Bill volume
| Metric | Value |
|---|---|
| GI Bill recipients | 77 |
| Total GI Bill amount | $229,534 |
| Average GI Bill amount per recipient | $2,981 |
DoD Tuition Assistance activity
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 21 |
| Total DoD amount | $43,753 |
| Average DoD amount per recipient | $2,083 |
References
More about our data sources and methodologies.