by our College Data Analytics TeamMost students will not be asked to pay 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 sum total of attendance at Genesee Community College can sound overpowering, but remember that the majority of students get some type of financial assistance.
Just what financial assistance solutions will GCC provide, and just what are you going to be eligible for? Read on for answers. Keep scrolling to see what amount of financial assistance could be accessible to you.
The amount of financial aid you can receive varies from person to person and will depend on your family’s economic situation. Continue reading to find information to help you understand just how much assistance you can expect to receive from Genesee Community 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 Genesee Community College, 86% of first-year full-time students received aid of some kind some 439 first-years).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 78% | $7,957 |
| Institutional grants & scholarships | 17% | $1,674 |
| Federal Pell grants | 58% | $6,214 |
| State/local grants | 69% | $2,970 |
| Federal student loans | 50% | $5,051 |
The best aid is gift aid: grants and scholarships that carry no repayment obligation. At GCC, about 31% of undergraduates were awarded an average grant or scholarship of $7,429 (for some 1323 recipients).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 31% | $7,429 |
| Federal Pell grants | 22% | $6,179 |
| Federal student loans | 21% | $5,695 |
For on-campus title-IV students, average grant aid came to $7,625.
Need-based aid means lower-income families typically pay far less than the sticker price suggests.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $4,944 |
| $30,001 – $75,000 | $8,500 |
| Over $75,000 | $13,614 |
Each amount is the average cost remaining once grant aid is subtracted, by income band.
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 | $8,334 |
| Off-campus title-IV students | $7,989 |
To get a personalized net price estimate, try GCC’s official net price calculator: www.genesee.edu/pay-for-college/tuition-and-fees/#SUNY-Net-Price-Calculator.
Graduating students at GCC carry a median federal student debt of $6,549 of federal borrowing.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $6,549 |
| Median federal debt (graduates only) | $11,622 |
| Typical 10-year monthly payment (graduates) | $123.21/mo |
The 10-year payment estimate assumes a standard federal repayment plan and the median graduate debt amount.
The median alone does not show how widely outcomes vary across the student body. The figures below chart the debt distribution at GCC.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $1,750 |
| 25th percentile | $3,101 |
| 75th percentile | $11,500 |
| 90th percentile (highest-debt students) | $18,500 |
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 | $6,700 |
| Middle income | $6,752 |
| High income | $6,241 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $6,700 |
| Continuing-generation students | $5,500 |
Dependent vs Independent Students
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,500 |
| Independent students | $8,815 |
The figure below distills the debt data into a single burden category for GCC.
Stafford loans are the federal government’s primary direct undergraduate lending program. These figures summarize annual Stafford program activity at GCC:
| Metric | Value |
|---|---|
| Stafford loan recipients | 15063 |
| Total Stafford loan amount | $151,965,026 |
The GI Bill and DoD Tuition Assistance are the main federal aid routes for veterans and service members.
GI Bill volume
| Metric | Value |
|---|---|
| GI Bill recipients | 24 |
| Total GI Bill amount | $87,726 |
| Average GI Bill amount per recipient | $3,655 |
Active-duty Tuition Assistance recipients
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 2 |
| Total DoD amount | $2,730 |
| Average DoD amount per recipient | $1,365 |
References
More about our data sources and methodologies.