by our College Data Analytics TeamThe majority of students will never be charged 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 sum total of attendance at Herkimer County BOCES-Practical Nursing Program can sound overpowering, but remember that the majority of students get some type of financial assistance.
Just what financial aid solutions can Herkimer County BOCES-Practical Nursing Program provide, and just what are you going to be eligible for? Keep reading for answers. Keep going 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. The figures below will help you estimate the aid you might receive from Herkimer County BOCES-Practical Nursing Program.
Colleges use loans, grants, scholarships and work-study to minimize what students actually pay out of pocket. Note that some aid is more valuable than the rest, and individual awards are far from uniform.
For incoming first-year students at Herkimer County BOCES-Practical Nursing Program, 75% of new full-time first-years were awarded at least some aid roughly 3 first-years).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 75% | $4,498 |
| Institutional grants & scholarships | 0% | — |
| Federal Pell grants | 75% | $3,498 |
| State/local grants | 25% | $3,000 |
| Federal student loans | 75% | $9,500 |
The best aid is gift aid: grants and scholarships that carry no repayment obligation. Here, some 86% of undergraduate students received gift aid averaging $4,487 (among about 56 awardees).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 86% | $4,487 |
| Federal Pell grants | 63% | $4,228 |
| Federal student loans | 80% | $3,808 |
For on-campus title-IV students, average grant aid came to $3,498.
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 |
|---|---|
| $30,001 – $75,000 | $15,867 |
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 | $18,150 |
| Off-campus title-IV students | $15,997 |
To project your own net price, use Herkimer County BOCES-Practical Nursing Program’s official net price calculator: www.herkimer-boces.org/page/financial-aid.
Graduating students at Herkimer County BOCES-Practical Nursing Program carry a median federal student debt of $6,125 of cumulative federal debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $6,125 |
| Median federal debt (graduates only) | $8,975 |
| Typical 10-year monthly payment (graduates) | $95.15/mo |
Under a standard ten-year plan, the median graduate’s monthly payment lands near the figure above.
The numbers below show the full range, not just the middle of the distribution. The percentiles below describe the cumulative federal debt distribution for borrowers at Herkimer County BOCES-Practical Nursing Program.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,375 |
| 25th percentile | $4,750 |
| 75th percentile | $9,500 |
| 90th percentile (highest-debt students) | $11,875 |
Debt outcomes are not uniform — they shift with income, first-generation status, and dependency.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $6,875 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,480 |
| Independent students | $7,125 |
A handful of calculated indicators summarize the debt outlook at Herkimer County BOCES-Practical Nursing Program.
The Stafford loan program is the largest source of federal direct loans to undergraduates. Below is the annual Stafford program activity at Herkimer County BOCES-Practical Nursing Program:
| Metric | Value |
|---|---|
| Stafford loan recipients | 793 |
| Total Stafford loan amount | $5,927,223 |
References
More about our data sources and methodologies.