by our College Data Analytics TeamA lot of 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 price tag of going to Edgecombe Community College can appear overpowering, but remember that the majority of students obtain some kind of financial assistance.
What financial aid options can Edgecombe Community College offer, and what will you qualify for? Keep reading for more information. Read on to see just how much financial aid could be open to you.
Eligibility for aid and scholarships is driven mostly by your household’s income and need. Continue reading to find information to help you understand just how much assistance you can expect to receive from Edgecombe Community College.
Through a mix of loans, grants, work-study and scholarships, schools bring down the effective cost so more students can attend. Bear in mind that not all aid is equal, and the amount any one student receives can vary widely.
For freshmen starting at Edgecombe Community College, 88% of the incoming full-time class was awarded financial aid some 21 students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 88% | $9,330 |
| Institutional grants & scholarships | 0% | — |
| Federal Pell grants | 88% | $9,330 |
| State/local grants | 0% | — |
| Federal student loans | 0% | — |
Gift aid — grants and scholarships — beats loans every time because none of it has to be repaid. At Edgecombe Community College, around 85% of undergraduates were awarded grant or scholarship aid averaging $6,579 (for some 879 recipients).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 85% | $6,579 |
| Federal Pell grants | 69% | $7,169 |
| Federal student loans | 28% | $6,291 |
For on-campus title-IV students, average grant aid came to $9,330.
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 | $4,919 |
| $30,001 – $75,000 | $7,484 |
| Over $75,000 | $10,565 |
These figures reflect what title-IV aid recipients pay after grant and scholarship aid is applied.
The net price strips out grant and scholarship aid from the sticker price to show roughly what families really pay.
| Cohort | Average Net Price |
|---|---|
| Off-campus title-IV students | $8,098 |
To project your own net price, use Edgecombe Community College’s online cost calculator: www.edgecombe.edu/current-students/financial-aid/net-price-calculator/.
The middle student in the debt distribution at Edgecombe Community College owes $9,500 of federal student loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $9,500 |
| Median federal debt (graduates only) | $15,917 |
| Typical 10-year monthly payment (graduates) | $168.75/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 Edgecombe Community College.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,122 |
| 25th percentile | $3,750 |
| 75th percentile | $14,557 |
| 90th percentile (highest-debt students) | $24,500 |
How much a student borrows depends heavily on family income, first-gen status, and dependency.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $9,500 |
| Middle income | $9,500 |
| High income | $5,470 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $9,500 |
| Continuing-generation students | $8,961 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $6,000 |
| Independent students | $10,120 |
Federal data publishes pre-calculated indicators that summarize debt outcomes. Edgecombe Community College.
The Stafford loan program is the largest source of federal direct loans to undergraduates. These figures summarize annual Stafford program activity at Edgecombe Community College:
| Metric | Value |
|---|---|
| Stafford loan recipients | 5905 |
| Total Stafford loan amount | $70,741,742 |
References
More about our data sources and methodologies.