by our College Data Analytics TeamA large number of students will never be charged the full, advertised sticker price of a school. Instead, they will be given a financial aid offer that will include a combination of scholarships, grants, loans, and work-study. The total price of attendance at Erskine College can feel overpowering, but remember that the majority of students receive some sort of financial assistance.
What financing options does Erskine offer you, and what will you qualify for? Keep scrolling for more information. Keep reading to see how much school funding could be available to you.
The amount of financial aid you can receive varies from person to person and will depend on your family’s economic situation. The information provided on this page can help you determine how much aid you may receive from Erskine College.
Aid such as grants, loans, work-study, and scholarships helps colleges decrease the real cost of attendance for most students. Some kinds of aid are clearly preferable to others, and outcomes differ across students.
For freshmen starting at Erskine College, 100% of new full-time first-years were awarded at least some aid approximately 297 first-years).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 100% | $31,174 |
| Institutional grants & scholarships | 99% | $24,786 |
| Federal Pell grants | 44% | $5,487 |
| State/local grants | 60% | $6,956 |
| Federal student loans | 77% | $5,101 |
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, around 100% of the undergraduate population received grant aid that averaged $41,620 (across roughly 812 awardees).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 100% | $41,620 |
| Federal Pell grants | 47% | $5,332 |
| Federal student loans | 75% | $8,266 |
On-campus students receiving title-IV aid were awarded grants averaging $38,723.
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 | $19,214 |
| $30,001 – $75,000 | $18,372 |
| Over $75,000 | $24,639 |
Each figure is the net price after grants and scholarships, not the published sticker price.
Net price is the cost remaining after grant and scholarship aid is subtracted from the sticker price, and it is the most useful single number for estimating real cost.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $16,525 |
| Off-campus title-IV students | $22,018 |
To project your own net price, use Erskine’s NPC: erskine.studentaidcalculator.com/survey.aspx.
The middle student in the debt distribution at Erskine owes $9,500 of federal student loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $9,500 |
| Median federal debt (graduates only) | $27,000 |
| Typical 10-year monthly payment (graduates) | $286.24/mo |
Spreading the median graduate debt over a standard 10-year repayment schedule works out to roughly the monthly payment shown above.
Percentiles reveal the spread — half of all borrowers fall between the 25th and 75th percentiles. These percentiles trace how cumulative federal debt is spread among borrowers at Erskine.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $4,750 |
| 25th percentile | $5,500 |
| 75th percentile | $27,000 |
| 90th percentile (highest-debt students) | $36,000 |
How much a student borrows depends heavily on family income, first-gen status, and dependency.
Debt by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $5,500 |
| Middle income | $12,000 |
| High income | $9,713 |
First-Gen vs Continuing-Gen Median Debt
| Cohort | Median federal debt |
|---|---|
| First-generation students | $9,500 |
| Continuing-generation students | $9,500 |
A handful of calculated indicators summarize the debt outlook at Erskine.
Stafford loans make up the bulk of federal direct lending to undergraduates. The totals below capture Stafford lending at Erskine:
| Metric | Value |
|---|---|
| Stafford loan recipients | 2964 |
| Total Stafford loan amount | $51,537,437 |
GI Bill and DoD Tuition Assistance are the two federal aid programs targeted at military-affiliated students.
Post-9/11 GI Bill recipients
| Metric | Value |
|---|---|
| GI Bill recipients | 8 |
| Total GI Bill amount | $182,147 |
| Average GI Bill amount per recipient | $22,768 |
References
More about our data sources and methodologies.