by our College Data Analytics TeamMany 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 price tag of going to Genesee Valley BOCES-Practical Nursing Program can appear overwhelming, but bear in mind that many students obtain some kind of financial aid.
Just what financial aid solutions can Genesee Valley Educational Partnership deliver, and just what are you going to be eligible for? Keep reading for answers. Keep going to learn just how much financial aid will 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 Genesee Valley BOCES-Practical Nursing Program.
Colleges use loans, grants, scholarships and work-study to minimize what students actually pay out of pocket. 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 Valley BOCES-Practical Nursing Program, 95% of first-time, full-time freshmen received some form of financial aid roughly 19 students).Type of Aid % of Freshmen Receiving Average Amount Grant or scholarship aid (all sources) 75% $7,882 Institutional grants & scholarships 0% — Federal Pell grants 70% $6,484 State/local grants 0% — Federal student loans 95% $6,958
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 92% of undergrads got grants or scholarships worth on average $6,342 (among about 112 awardees).Award % of Undergrads Receiving Average Amount Grant or scholarship aid (all sources) 92% $6,342 Federal Pell grants 72% $6,135 Federal student loans 84% $7,803
Among title-IV aid recipients living on campus, grant and scholarship aid averaged $6,222.
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 $20,572 $30,001 – $75,000 $22,636 Over $75,000 $27,199
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 $23,658 Off-campus title-IV students $21,994
To project your own net price, use Genesee Valley Educational Partnership’s official net price calculator: www.gvboces.org/o/gvb/page/financial-aid-resources.
The middle student in the debt distribution at Genesee Valley Educational Partnership owes $11,460 in federal loans.Metric Amount Median federal debt (all student-aid borrowers) $11,460 Median federal debt (graduates only) $13,000 Typical 10-year monthly payment (graduates) $137.82/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 percentiles below describe the cumulative federal debt distribution for borrowers at Genesee Valley Educational Partnership.Percentile Cumulative Federal Debt 10th percentile (lowest-debt students) $4,750 25th percentile $7,666 75th percentile $13,000 90th percentile (highest-debt students) $13,000
Debt outcomes are not uniform — they shift with income, first-generation status, and dependency.
Debt by Income TierIncome tier Median federal debt Low income $12,554
Dependent vs Independent StudentsCohort Median federal debt Dependent students $7,666 Independent students $13,000
The Department of Education computes summary indicators that describe debt outcomes at a glance. Genesee Valley Educational Partnership.
The Stafford program is the federal direct-loan vehicle most undergraduates use. The annual Stafford volume below reflects program activity at Genesee Valley Educational Partnership:Metric Value Stafford loan recipients 1218 Total Stafford loan amount $11,812,047
The GI Bill and DoD Tuition Assistance are the main federal aid routes for veterans and service members.
GI Bill volumeMetric Value GI Bill recipients 0 Total GI Bill amount $0
References
More about our data sources and methodologies.