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 cost of going to Folsom Lake College can seem overpowering, but remember that the majority of students are given some form of financial assistance.
What financing options does Folsom Lake offer you, and what will you qualify for? Keep scrolling for more information. Keep reading to learn just how much financial aid will be open to you.
Eligibility for aid and scholarships is driven mostly by your household’s income and need. The figures below will help you estimate the aid you might receive from Folsom Lake College.
Through a mix of loans, grants, work-study and scholarships, schools bring down the effective cost so more students can attend. Keep in mind that certain forms of assistance are more beneficial than others, and aid amounts differ from student to student.
For freshmen starting at Folsom Lake College, 84% of first-year full-time students received aid of some kind approximately 705 students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 84% | $3,570 |
| Institutional grants & scholarships | 4% | $879 |
| Federal Pell grants | 28% | $5,164 |
| State/local grants | 83% | $1,609 |
| Federal student loans | 1% | $6,359 |
Unlike loans, grants and scholarships are gift aid that does not need to be paid back, making them the most desirable form of assistance. At Folsom Lake, approximately 57% of undergrads got grants or scholarships worth on average $2,452 (for some 5831 recipients).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 57% | $2,452 |
| Federal Pell grants | 16% | $4,092 |
| Federal student loans | 2% | $7,538 |
Title-IV recipients living on campus saw average grant aid of $7,926.
How much a family pays depends heavily on income, because most aid is awarded on the basis of financial need.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $2,627 |
| $30,001 – $75,000 | $4,548 |
| Over $75,000 | $7,998 |
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 | $5,975 |
| Off-campus title-IV students | $3,661 |
To get a personalized net price estimate, try Folsom Lake’s NPC: www.flc.losrios.edu/admissions/cost-of-attendance/net-price-calculator.
A typical borrower at Folsom Lake leaves with $9,255 of federal student loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $9,255 |
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 Folsom Lake.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,062 |
| 25th percentile | $3,500 |
| 75th percentile | $12,223 |
| 90th percentile (highest-debt students) | $21,500 |
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 | $9,500 |
| Middle income | $9,238 |
| High income | $5,500 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $9,354 |
| Continuing-generation students | $8,250 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,500 |
| Independent students | $9,500 |
Federal data publishes pre-calculated indicators that summarize debt outcomes. Folsom Lake.
The Stafford program is the federal direct-loan vehicle most undergraduates use. These figures summarize annual Stafford program activity at Folsom Lake:
| Metric | Value |
|---|---|
| Stafford loan recipients | 1844 |
| Total Stafford loan amount | $21,849,657 |
The GI Bill and DoD Tuition Assistance are the main federal aid routes for veterans and service members.
Post-9/11 GI Bill recipients
| Metric | Value |
|---|---|
| GI Bill recipients | 0 |
| Total GI Bill amount | $0 |
DoD program volume
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 0 |
| Total DoD amount | $0 |
References
More about our data sources and methodologies.