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 total cost of going to GateWay Community College can seem overpowering, but remember that the majority of students are given some form of financial assistance.
Just what financial aid solutions can GateWay Community College provide, and just what are you going to be eligible for? Keep reading for answers. Keep reading to see how much school funding could be available to you.
How much aid you qualify for depends largely on your family’s financial circumstances. Read on to get a sense of the financial assistance available at GateWay Community College.
Colleges use loans, grants, scholarships and work-study to minimize what students actually pay out of pocket. Bear in mind that not all aid is equal, and the amount any one student receives can vary widely.
For incoming first-year students at GateWay Community College, 77% of the incoming full-time class was awarded financial aid around 173 incoming students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 75% | $5,398 |
| Institutional grants & scholarships | 29% | $1,890 |
| Federal Pell grants | 59% | $5,841 |
| State/local grants | 1% | $500 |
| Federal student loans | 15% | $3,140 |
Grants and scholarships are the most valuable form of aid because, unlike loans, they never have to be repaid. Across the undergraduate body at GateWay Community College, some 54% of the undergraduate population received grant aid that averaged $2,773 (among about 2748 awardees).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 54% | $2,773 |
| Federal Pell grants | 28% | $4,122 |
| Federal student loans | 12% | $3,710 |
Among title-IV aid recipients living on campus, grant and scholarship aid averaged $5,975.
The figures below show the average net price — cost after all grant and scholarship aid — broken out by family income.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $12,365 |
| $30,001 – $75,000 | $14,017 |
| Over $75,000 | $15,724 |
Each figure is the net price after grants and scholarships, not the published sticker price.
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 | $13,339 |
| Off-campus title-IV students | $12,871 |
For an estimate tailored to your family circumstances, see GateWay Community College’s official net price calculator: www.gatewaycc.edu/pay-college/financial-planning.
A typical borrower at GateWay Community College leaves with $4,500 of federal borrowing.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $4,500 |
| Median federal debt (graduates only) | $6,750 |
| Typical 10-year monthly payment (graduates) | $71.56/mo |
The 10-year payment estimate assumes a standard federal repayment plan and the median graduate debt amount.
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 GateWay Community College.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $1,750 |
| 25th percentile | $3,250 |
| 75th percentile | $12,750 |
| 90th percentile (highest-debt students) | $21,000 |
Outcomes differ by income bracket, by first-generation status, and by whether a student is financially dependent.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $4,500 |
| Middle income | $4,500 |
| High income | $4,500 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $4,500 |
| Continuing-generation students | $5,250 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $3,500 |
| Independent students | $4,500 |
A handful of calculated indicators summarize the debt outlook at GateWay Community College.
Stafford loans are the federal government’s primary direct undergraduate lending program. The totals below capture Stafford lending at GateWay Community College:
| Metric | Value |
|---|---|
| Stafford loan recipients | 15164 |
| Total Stafford loan amount | $173,824,960 |
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 | 103 |
| Total GI Bill amount | $178,542 |
| Average GI Bill amount per recipient | $1,733 |
DoD program volume
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 6 |
| Total DoD amount | $3,941 |
| Average DoD amount per recipient | $657 |
References
More about our data sources and methodologies.