by our College Data Analytics TeamMost 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 price tag of going to Georgia Military College can appear overpowering, but remember that the majority of students obtain some kind of financial assistance.
Just what financial aid solutions can Georgia Military College provide, and just what are you going to be eligible for? Keep reading for answers. Scroll down 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 Georgia Military 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.
Among first-time, full-time freshmen at Georgia Military College, 95% of the incoming full-time class was awarded financial aid some 658 first-years).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 91% | $7,901 |
| Institutional grants & scholarships | 28% | $5,991 |
| Federal Pell grants | 58% | $4,993 |
| State/local grants | 66% | $3,862 |
| Federal student loans | 56% | $2,523 |
Grants and scholarships are the most valuable form of aid because, unlike loans, they never have to be repaid. At Georgia Military College, approximately 88% of undergraduates were awarded grant or scholarship aid averaging $4,934 (covering around 5944 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 88% | $4,934 |
| Federal Pell grants | 33% | $4,080 |
| Federal student loans | 38% | $2,780 |
For on-campus title-IV students, average grant aid came to $4,064.
How much a family pays depends heavily on income, because most aid is awarded on the basis of financial need.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $14,029 |
| $30,001 – $75,000 | $15,557 |
| Over $75,000 | $17,551 |
The numbers above are post-aid net prices, so they already account for grants and scholarships.
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 | $16,923 |
| Off-campus title-IV students | $14,693 |
To get a personalized net price estimate, try Georgia Military College’s online cost calculator: gmc.studentaidcalculator.com/survey.aspx.
Graduating students at Georgia Military College carry a median federal student debt of $5,500 of federal student loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $5,500 |
| Median federal debt (graduates only) | $8,563 |
| Typical 10-year monthly payment (graduates) | $90.78/mo |
Spreading the median graduate debt over a standard 10-year repayment schedule works out to roughly the monthly payment shown above.
The numbers below show the full range, not just the middle of the distribution. Use the percentiles below to see the debt range at Georgia Military College.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $1,300 |
| 25th percentile | $2,400 |
| 75th percentile | $9,500 |
| 90th percentile (highest-debt students) | $16,832 |
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 | $5,500 |
| Middle income | $5,500 |
| High income | $5,500 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $5,500 |
| Continuing-generation students | $5,250 |
Dependent vs Independent Students
| Cohort | Median federal debt |
|---|---|
| Dependent students | $4,791 |
| Independent students | $7,125 |
The Department of Education computes summary indicators that describe debt outcomes at a glance. Georgia Military College.
The Stafford program is the federal direct-loan vehicle most undergraduates use. Below is the annual Stafford program activity at Georgia Military College:
| Metric | Value |
|---|---|
| Stafford loan recipients | 32459 |
| Total Stafford loan amount | $326,600,634 |
Veterans and active-duty service members may qualify for the Post-9/11 GI Bill or DoD Tuition Assistance.
Post-9/11 GI Bill recipients
| Metric | Value |
|---|---|
| GI Bill recipients | 373 |
| Total GI Bill amount | $1,754,833 |
| Average GI Bill amount per recipient | $4,705 |
Active-duty Tuition Assistance recipients
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 368 |
| Total DoD amount | $944,200 |
| Average DoD amount per recipient | $2,566 |
References
More about our data sources and methodologies.