by our College Data Analytics TeamThe majority of students will not be asked to pay the full sticker price of a school. Rather, they are offered a financial aid plan that includes a mix of loans, grants, scholarships, and possibly work-study opportunities. The price tag of going to HCI College can appear tremendous, but do not forget that almost all students obtain some kind of financial help.
Just what financial assistance solutions will HCI College provide, and just what are you going to be eligible for? Read on for answers. Keep reading to find out what amount of financial assistance will be accessible to you.
How much aid you qualify for depends largely on your family’s financial circumstances. Continue reading to find information to help you understand just how much assistance you can expect to receive from HCI College.
Colleges use loans, grants, scholarships and work-study to minimize what students actually pay out of pocket. Bear in mind that not all aid is equal, and the amount any one student receives can vary widely.
For freshmen starting at HCI College, 100% of first-time, full-time freshmen received some form of financial aid approximately 82 new students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 100% | $5,138 |
| Institutional grants & scholarships | 4% | $4,918 |
| Federal Pell grants | 82% | $5,616 |
| State/local grants | 2% | $6,112 |
| Federal student loans | 77% | $4,211 |
Gift aid — grants and scholarships — beats loans every time because none of it has to be repaid. At HCI College, some 71% of undergraduate students received gift aid averaging $7,646 (for some 533 awardees).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 71% | $7,646 |
| Federal Pell grants | 64% | $7,764 |
| Federal student loans | 30% | $4,945 |
For students living on campus and receiving title-IV aid, grants averaged $5,138.
Need-based aid means lower-income families typically pay far less than the sticker price suggests.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $27,556 |
| $30,001 – $75,000 | $30,576 |
| Over $75,000 | $24,923 |
Each amount is the average cost remaining once grant aid is subtracted, by income band.
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 | $35,425 |
| Off-campus title-IV students | $29,461 |
For a personalized estimate based on your family’s financial situation, use HCI College’s net price calculator: www.hci.edu/npcalc.htm.
A typical borrower at HCI College leaves with $18,312 of federal borrowing.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $18,312 |
| Median federal debt (graduates only) | $24,149 |
| Typical 10-year monthly payment (graduates) | $256.02/mo |
Under a standard ten-year plan, the median graduate’s monthly payment lands near the figure above.
The figures below break down median federal debt by income tier, first-generation status, and dependency.
Debt by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $18,313 |
| Middle income | $18,312 |
| High income | $18,311 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $18,415 |
| Continuing-generation students | $16,816 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $12,578 |
| Independent students | $19,103 |
The figure below distills the debt data into a single burden category for HCI College.
Stafford loans make up the bulk of federal direct lending to undergraduates. Below is the annual Stafford program activity at HCI College:
| Metric | Value |
|---|---|
| Stafford loan recipients | 1849 |
| Total Stafford loan amount | $31,699,193 |
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.
Post-9/11 GI Bill activity
| Metric | Value |
|---|---|
| GI Bill recipients | 16 |
| Total GI Bill amount | $149,886 |
| Average GI Bill amount per recipient | $9,368 |
References
More about our data sources and methodologies.