by our College Data Analytics TeamThe majority of students are not billed 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 Gem City College can seem overwhelming, but bear in mind that many students are given some form of financial aid.
What financial assistance options will Gem City College offer, and what will you qualify for? Read on for more information. Keep scrolling to see just how much financial aid could be open to you.
How much aid you qualify for depends largely on your family’s financial circumstances. Use the information below to understand how much financial assistance you may get from Gem City College.
Financial assistance, available as scholarships, loans, and work-study, is a way schools lower the price of attendance so many students can enroll. However, some types of aid are more desirable than others, and some students will receive more than others.
Among first-time, full-time freshmen at Gem City College, 76% of the incoming full-time class was awarded financial aid (about 19 new students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 60% | $5,105 |
| Institutional grants & scholarships | 0% | — |
| Federal Pell grants | 60% | $5,105 |
| State/local grants | 0% | — |
| Federal student loans | 56% | $6,244 |
The best aid is gift aid: grants and scholarships that carry no repayment obligation. At this school, around 43% of undergraduates were awarded grant or scholarship aid averaging $6,861 (for some 24 recipients).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 43% | $6,861 |
| Federal Pell grants | 43% | $6,861 |
| Federal student loans | 57% | $6,577 |
For students living on campus and receiving title-IV aid, grants averaged $4,504.
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 | $11,245 |
| $30,001 – $75,000 | $15,021 |
| Over $75,000 | $16,190 |
Each amount is the average cost remaining once grant aid is subtracted, by income band.
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 | $11,843 |
| Off-campus title-IV students | $13,443 |
To project your own net price, use Gem City College’s official net price calculator: www.gemcitycollege.com/estimator.html.
The median federal debt load at Gem City College comes to $9,500 of federal student loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $9,500 |
| Median federal debt (graduates only) | $9,833 |
| Typical 10-year monthly payment (graduates) | $104.25/mo |
That monthly figure reflects the median graduate debt repaid on a standard 10-year federal schedule.
A single median figure conceals how much debt outcomes differ student to student. Use the percentiles below to see the debt range at Gem City College.
| Percentile | Cumulative Federal Debt |
|---|---|
| 25th percentile | $5,487 |
| 75th percentile | $10,805 |
These indicators are derived from the underlying debt data and summarize the overall picture at Gem City College.
Most undergraduate borrowing runs through the federal Stafford loan program. The totals below capture Stafford lending at Gem City College:
| Metric | Value |
|---|---|
| Stafford loan recipients | 387 |
| Total Stafford loan amount | $3,338,908 |
The GI Bill and DoD Tuition Assistance are the main federal aid routes for veterans and service members.
Post-9/11 GI Bill activity
| Metric | Value |
|---|---|
| GI Bill recipients | 5 |
| Total GI Bill amount | $76,935 |
| Average GI Bill amount per recipient | $15,387 |
References
More about our data sources and methodologies.