by our College Data Analytics TeamThe majority of students will never be charged 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 George C Wallace State Community College-Hanceville can feel overpowering, but remember that the majority of students receive some sort of financial assistance.
Just what financing solutions does Wallace State, Hanceville deliver, and just what are you going to be eligible for? Keep scrolling for answers. Read on to find out just how much financial aid will be open to you.
How much aid you qualify for depends largely on your family’s financial circumstances. The figures below will help you estimate the aid you might receive from George C Wallace State Community College-Hanceville.
Aid such as grants, loans, work-study, and scholarships helps colleges decrease the real cost of attendance for most students. Note that some aid is more valuable than the rest, and individual awards are far from uniform.
Looking at the entering class at George C Wallace State Community College-Hanceville, 78% of entering full-time freshmen got some type of financial assistance (about 731 students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 71% | $6,300 |
| Institutional grants & scholarships | 23% | $4,088 |
| Federal Pell grants | 56% | $6,188 |
| State/local grants | 9% | $716 |
| Federal student loans | 22% | $5,000 |
Grants and scholarships are the most valuable form of aid because, unlike loans, they never have to be repaid. Across the undergraduate body at Wallace State, Hanceville, roughly 67% of the undergraduate population received grant aid that averaged $3,505 (across roughly 4061 recipients).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 67% | $3,505 |
| Federal Pell grants | 35% | $4,899 |
| Federal student loans | 18% | $6,131 |
For on-campus title-IV students, average grant aid came to $5,838.
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 | $12,648 |
| $30,001 – $75,000 | $14,301 |
| Over $75,000 | $18,321 |
Each amount is the average cost remaining once grant aid is subtracted, by income band.
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 | $13,170 |
| Off-campus title-IV students | $14,042 |
For a customized cost estimate, visit Wallace State, Hanceville’s official net price calculator: www.wallacestate.edu/financial-aid/net-price-calculator.html.
The middle student in the debt distribution at Wallace State, Hanceville owes $8,200 in federal loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $8,200 |
| Median federal debt (graduates only) | $11,000 |
| Typical 10-year monthly payment (graduates) | $116.62/mo |
The 10-year payment estimate assumes a standard federal repayment plan and the median graduate debt amount.
A single median figure conceals how much debt outcomes differ student to student. The percentiles below describe the cumulative federal debt distribution for borrowers at Wallace State, Hanceville.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,047 |
| 25th percentile | $3,500 |
| 75th percentile | $14,010 |
| 90th percentile (highest-debt students) | $21,690 |
How much a student borrows depends heavily on family income, first-gen status, and dependency.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $8,200 |
| Middle income | $8,000 |
| High income | $8,250 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $8,000 |
| Continuing-generation students | $8,750 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $6,500 |
| Independent students | $9,500 |
Federal data publishes pre-calculated indicators that summarize debt outcomes. Wallace State, Hanceville.
Stafford loans make up the bulk of federal direct lending to undergraduates. The annual Stafford volume below reflects program activity at Wallace State, Hanceville:
| Metric | Value |
|---|---|
| Stafford loan recipients | 14690 |
| Total Stafford loan amount | $181,790,202 |
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 | 134 |
| Total GI Bill amount | $908,350 |
| Average GI Bill amount per recipient | $6,779 |
DoD Tuition Assistance activity
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 8 |
| Total DoD amount | $14,459 |
| Average DoD amount per recipient | $1,807 |
References
More about our data sources and methodologies.