by our College Data Analytics TeamMost students will not be asked to pay the advertised price of a school. Instead, they will be provided a financial aid package that will include a combination of scholarships, grants, loans, and work-study. The total price of attendance at Geneva College can feel overpowering, but remember that the majority of students receive some sort of financial assistance.
What financial assistance options will Geneva offer you, and what will you qualify for? Read on for more information. Scroll down to find out how much school funding will be available to you.
The amount of financial aid and scholarships you are eligible for will vary depending on your family’s income. The information provided on this page can help you determine how much aid you may receive from Geneva College.
Financial aid, in the form of loans, grants, work-study, and scholarships, is one way colleges reduce the cost of attendance so most students can actually afford to attend. Note that some aid is more valuable than the rest, and individual awards are far from uniform.
For freshmen starting at Geneva College, 97% of first-year full-time students received aid of some kind around 253 new students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 97% | $21,913 |
| Institutional grants & scholarships | 97% | $18,846 |
| Federal Pell grants | 34% | $4,646 |
| State/local grants | 34% | $4,081 |
| Federal student loans | 89% | $4,921 |
Because grants and scholarships do not have to be repaid, they are the most sought-after type of financial aid. At Geneva, around 86% of undergraduates were awarded grant or scholarship aid averaging $21,555 (covering around 988 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 86% | $21,555 |
| Federal Pell grants | 31% | $4,832 |
| Federal student loans | 78% | $5,897 |
For on-campus title-IV students, average grant aid came to $19,517.
Need-based aid means lower-income families typically pay far less than the sticker price suggests.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $17,474 |
| $30,001 – $75,000 | $16,790 |
| Over $75,000 | $23,591 |
These figures reflect what title-IV aid recipients pay after grant and scholarship aid is applied.
The net price strips out grant and scholarship aid from the sticker price to show roughly what families really pay.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $25,890 |
| Off-campus title-IV students | $21,043 |
To project your own net price, use Geneva’s net price tool: www.geneva.edu/student-financial-services/financial-aid/calculator/netprice-calculator.
The median federal debt load at Geneva comes to $18,907 of federal student loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $18,907 |
| Median federal debt (graduates only) | $25,198 |
| Typical 10-year monthly payment (graduates) | $267.14/mo |
At a typical 10-year repayment schedule, the median graduate would pay about the monthly figure above.
A single median figure conceals how much debt outcomes differ student to student. The four reference points below map the debt distribution at Geneva.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $4,000 |
| 25th percentile | $8,000 |
| 75th percentile | $27,000 |
| 90th percentile (highest-debt students) | $30,000 |
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 | $16,500 |
| Middle income | $18,253 |
| High income | $19,500 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $18,829 |
| Continuing-generation students | $18,990 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $19,000 |
| Independent students | $17,285 |
A handful of calculated indicators summarize the debt outlook at Geneva.
The Stafford loan program is the largest source of federal direct loans to undergraduates. These figures summarize annual Stafford program activity at Geneva:
| Metric | Value |
|---|---|
| Stafford loan recipients | 8003 |
| Total Stafford loan amount | $164,600,820 |
If you are a veteran or active-duty service member, the GI Bill and DoD Tuition Assistance are the primary federal programs you can use at this school.
GI Bill volume
| Metric | Value |
|---|---|
| GI Bill recipients | 24 |
| Total GI Bill amount | $357,328 |
| Average GI Bill amount per recipient | $14,889 |
Active-duty Tuition Assistance recipients
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 2 |
| Total DoD amount | $8,000 |
| Average DoD amount per recipient | $4,000 |
References
More about our data sources and methodologies.