by our College Data Analytics TeamA lot of 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 cost of going to Henry Ford College can seem overwhelming, but bear in mind that many students are given some form of financial aid.
What financial assistance options will Henry Ford College offer you, and what will you qualify for? Read on for more information. Read on to find out just how much financial aid will be open to you.
Eligibility for aid and scholarships is driven mostly by your household’s income and need. The information provided on this page can help you determine how much aid you may receive from Henry Ford 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. However, some types of aid are more desirable than others, and some students will receive more than others.
At Henry Ford College, 89% of entering full-time freshmen got some type of financial assistance around 1142 first-years).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 86% | $9,428 |
| Institutional grants & scholarships | 4% | $2,787 |
| Federal Pell grants | 75% | $6,848 |
| State/local grants | 70% | $3,880 |
| Federal student loans | 22% | $4,645 |
Grants and scholarships are the most valuable form of aid because, unlike loans, they never have to be repaid. Across the undergraduate body at Henry Ford College, about 54% of undergraduates were awarded grant or scholarship aid averaging $6,747 (among about 6046 awardees).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 54% | $6,747 |
| Federal Pell grants | 46% | $5,374 |
| Federal student loans | 17% | $5,640 |
For on-campus title-IV students, average grant aid came to $11,124.
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 | $-12 |
| $30,001 – $75,000 | $901 |
| Over $75,000 | $6,464 |
The numbers above are post-aid net prices, so they already account for grants and scholarships.
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 | $660 |
| Off-campus title-IV students | $398 |
For a customized cost estimate, visit Henry Ford College’s official net price calculator: www.hfcc.edu/netprice.
The median student at Henry Ford College graduates with $7,300 of federal borrowing.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $7,300 |
| Median federal debt (graduates only) | $14,250 |
| Typical 10-year monthly payment (graduates) | $151.07/mo |
Under a standard ten-year plan, the median graduate’s monthly payment lands near the figure above.
The median alone does not show how widely outcomes vary across the student body. The percentiles below describe the cumulative federal debt distribution for borrowers at Henry Ford College.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $1,790 |
| 25th percentile | $3,492 |
| 75th percentile | $14,250 |
| 90th percentile (highest-debt students) | $27,787 |
Median debt varies by family income, by first-generation status, and by dependency status.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $7,452 |
| Middle income | $6,742 |
| High income | $7,300 |
First-Gen vs Continuing-Gen Median Debt
| Cohort | Median federal debt |
|---|---|
| First-generation students | $7,252 |
| Continuing-generation students | $7,688 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,500 |
| Independent students | $9,500 |
Federal data publishes pre-calculated indicators that summarize debt outcomes. Henry Ford College.
The Stafford program is the federal direct-loan vehicle most undergraduates use. The aggregate figures below show how active the program is at Henry Ford College:
| Metric | Value |
|---|---|
| Stafford loan recipients | 51137 |
| Total Stafford loan amount | $659,323,057 |
Military-affiliated students can tap the Post-9/11 GI Bill and DoD Tuition Assistance.
GI Bill volume
| Metric | Value |
|---|---|
| GI Bill recipients | 45 |
| Total GI Bill amount | $189,292 |
| Average GI Bill amount per recipient | $4,206 |
DoD program volume
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 11 |
| Total DoD amount | $19,051 |
| Average DoD amount per recipient | $1,732 |
References
More about our data sources and methodologies.