by our College Data Analytics TeamMany students will not be asked to pay 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 Greensboro College can appear tremendous, but do not forget that almost all students obtain some kind of financial help.
Just what financial aid solutions can Greensboro College deliver, and just what are you going to be eligible for? Keep reading for answers. Read on to see just how much financial aid could be open to you.
The amount of financial aid you can receive varies from person to person and will depend on your family’s economic situation. Use the information below to understand how much financial assistance you may get from Greensboro 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. Some kinds of aid are clearly preferable to others, and outcomes differ across students.
Looking at the entering class at Greensboro College, 100% of the incoming full-time class was awarded financial aid approximately 210 incoming students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 100% | $16,367 |
| Institutional grants & scholarships | 100% | $8,680 |
| Federal Pell grants | 62% | $6,274 |
| State/local grants | 52% | $6,861 |
| Federal student loans | 81% | $6,139 |
Gift aid — grants and scholarships — beats loans every time because none of it has to be repaid. At Greensboro College, approximately 81% of undergraduate students received gift aid averaging $14,975 (covering around 655 awardees).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 81% | $14,975 |
| Federal Pell grants | 46% | $6,241 |
| Federal student loans | 66% | $7,159 |
Among title-IV aid recipients living on campus, grant and scholarship aid averaged $17,283.
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 | $16,795 |
| $30,001 – $75,000 | $16,755 |
| Over $75,000 | $24,178 |
The numbers above are post-aid net prices, so they already account for grants and scholarships.
Net price is the cost remaining after grant and scholarship aid is subtracted from the sticker price, and it is the most useful single number for estimating real cost.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $17,882 |
| Off-campus title-IV students | $18,899 |
For a customized cost estimate, visit Greensboro College’s online cost calculator: greensboro.studentaidcalculator.com/welcome.aspx.
The middle student in the debt distribution at Greensboro College owes $17,986 of federal student loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $17,986 |
| Median federal debt (graduates only) | $25,607 |
| Typical 10-year monthly payment (graduates) | $271.48/mo |
Under a standard ten-year plan, the median graduate’s monthly payment lands near the figure above.
Percentiles reveal the spread — half of all borrowers fall between the 25th and 75th percentiles. The figures below chart the debt distribution at Greensboro College.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $4,750 |
| 25th percentile | $7,116 |
| 75th percentile | $27,000 |
| 90th percentile (highest-debt students) | $37,500 |
Median debt varies by family income, by first-generation status, and by dependency status.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $16,368 |
| Middle income | $17,500 |
| High income | $18,843 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $17,500 |
| Continuing-generation students | $19,650 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $16,750 |
| Independent students | $19,125 |
The figure below distills the debt data into a single burden category for Greensboro College.
The Stafford loan program is the largest source of federal direct loans to undergraduates. Below is the annual Stafford program activity at Greensboro College:
| Metric | Value |
|---|---|
| Stafford loan recipients | 5399 |
| Total Stafford loan amount | $106,761,919 |
GI Bill and DoD Tuition Assistance are the two federal aid programs targeted at military-affiliated students.
Post-9/11 GI Bill recipients
| Metric | Value |
|---|---|
| GI Bill recipients | 10 |
| Total GI Bill amount | $108,772 |
| Average GI Bill amount per recipient | $10,877 |
References
More about our data sources and methodologies.