by our College Data Analytics TeamThe majority of students will never be charged 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 total cost of going to Herkimer County Community College can seem overwhelming, but bear in mind that many students are given some form of financial aid.
What financial aid options can Herkimer College offer you, and what will you qualify for? Keep reading for more information. Scroll down to find out what amount of financial assistance will be accessible to you.
Eligibility for aid and scholarships is driven mostly by your household’s income and need. Continue reading to find information to help you understand just how much assistance you can expect to receive from Herkimer County Community College.
Colleges use loans, grants, scholarships and work-study to minimize what students actually pay out of pocket. However, some types of aid are more desirable than others, and some students will receive more than others.
At Herkimer County Community College, 81% of the incoming full-time class was awarded financial aid around 261 first-years).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 71% | $7,470 |
| Institutional grants & scholarships | 2% | $2,866 |
| Federal Pell grants | 59% | $5,492 |
| State/local grants | 63% | $3,054 |
| Federal student loans | 48% | $5,323 |
Because grants and scholarships do not have to be repaid, they are the most sought-after type of financial aid. At Herkimer College, about 46% of undergrads got grants or scholarships worth on average $7,639 (across approximately 852 recipients).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 46% | $7,639 |
| Federal Pell grants | 39% | $5,369 |
| Federal student loans | 28% | $5,745 |
For on-campus title-IV students, average grant aid came to $6,730.
Need-based aid means lower-income families typically pay far less than the sticker price suggests.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $8,936 |
| $30,001 – $75,000 | $11,647 |
| Over $75,000 | $15,611 |
These figures reflect what title-IV aid recipients pay after grant and scholarship aid is applied.
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 | $13,419 |
| Off-campus title-IV students | $10,530 |
For a customized cost estimate, visit Herkimer College’s online cost calculator: www.herkimer.edu/npc.
The median federal debt load at Herkimer College comes to $6,500 in federal loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $6,500 |
| Median federal debt (graduates only) | $11,365 |
| Typical 10-year monthly payment (graduates) | $120.49/mo |
That monthly figure reflects the median graduate debt repaid on a standard 10-year federal schedule.
Looking only at the median can be misleading because it hides the spread. These percentiles trace how cumulative federal debt is spread among borrowers at Herkimer College.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,218 |
| 25th percentile | $3,834 |
| 75th percentile | $12,000 |
| 90th percentile (highest-debt students) | $19,000 |
Median debt varies by family income, by first-generation status, and by dependency status.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $6,526 |
| Middle income | $6,440 |
| High income | $6,500 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $6,500 |
| Continuing-generation students | $6,876 |
Dependent vs Independent Students
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,500 |
| Independent students | $8,351 |
The Department of Education computes summary indicators that describe debt outcomes at a glance. Herkimer College.
Most undergraduate borrowing runs through the federal Stafford loan program. The aggregate figures below show how active the program is at Herkimer College:
| Metric | Value |
|---|---|
| Stafford loan recipients | 15011 |
| Total Stafford loan amount | $139,745,007 |
Veterans and active-duty service members may qualify for the Post-9/11 GI Bill or DoD Tuition Assistance.
GI Bill volume
| Metric | Value |
|---|---|
| GI Bill recipients | 7 |
| Total GI Bill amount | $31,726 |
| Average GI Bill amount per recipient | $4,532 |
Active-duty Tuition Assistance recipients
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 0 |
| Total DoD amount | $0 |
References
More about our data sources and methodologies.