by our College Data Analytics TeamA large number of students are not billed 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 price of attendance at Holmes Community College can feel overwhelming, but bear in mind that many students receive some sort of financial aid.
What financial assistance options will Holmes Community College offer, and what will you qualify for? Read on for more information. Keep reading to learn how much school funding will be available to you.
How much aid you qualify for depends largely on your family’s financial circumstances. Read on to get a sense of the financial assistance available at Holmes Community College.
Aid such as grants, loans, work-study, and scholarships helps colleges decrease the real cost of attendance for most students. However, some types of aid are more desirable than others, and some students will receive more than others.
For freshmen starting at Holmes Community College, 90% of first-time, full-time freshmen received some form of financial aid around 882 students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 87% | $6,020 |
| Institutional grants & scholarships | 48% | $2,653 |
| Federal Pell grants | 59% | $6,215 |
| State/local grants | 28% | $776 |
| Federal student loans | 7% | $4,277 |
Unlike loans, grants and scholarships are gift aid that does not need to be paid back, making them the most desirable form of assistance. At Holmes Community College, approximately 69% of undergraduate students received gift aid averaging $4,449 (across roughly 3442 recipients).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 69% | $4,449 |
| Federal Pell grants | 43% | $5,403 |
| Federal student loans | 12% | $5,644 |
Title-IV recipients living on campus saw average grant aid of $7,232.
The figures below show the average net price — cost after all grant and scholarship aid — broken out by family income.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $5,972 |
| $30,001 – $75,000 | $7,686 |
| Over $75,000 | $10,910 |
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 | $5,643 |
| Off-campus title-IV students | $5,980 |
For a customized cost estimate, visit Holmes Community College’s online cost calculator: holmescc.studentaidcalculator.com/survey.aspx.
Graduating students at Holmes Community College carry a median federal student debt of $5,500 in federal loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $5,500 |
| Median federal debt (graduates only) | $9,274 |
| Typical 10-year monthly payment (graduates) | $98.32/mo |
Under a standard ten-year plan, the median graduate’s monthly payment lands near the figure above.
Looking only at the median can be misleading because it hides the spread. The figures below chart the debt distribution at Holmes Community College.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $1,488 |
| 25th percentile | $2,225 |
| 75th percentile | $7,350 |
| 90th percentile (highest-debt students) | $11,750 |
Outcomes differ by income bracket, by first-generation status, and by whether a student is financially dependent.
Debt by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $6,243 |
| Middle income | $5,563 |
| High income | $5,250 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $5,722 |
| Continuing-generation students | $5,500 |
Dependent vs Independent Students
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,263 |
| Independent students | $8,500 |
The figure below distills the debt data into a single burden category for Holmes Community College.
The Stafford program is the federal direct-loan vehicle most undergraduates use. The aggregate figures below show how active the program is at Holmes Community College:
| Metric | Value |
|---|---|
| Stafford loan recipients | 15577 |
| Total Stafford loan amount | $127,579,411 |
The GI Bill and DoD Tuition Assistance are the main federal aid routes for veterans and service members.
Post-9/11 GI Bill recipients
| Metric | Value |
|---|---|
| GI Bill recipients | 27 |
| Total GI Bill amount | $56,651 |
| Average GI Bill amount per recipient | $2,098 |
DoD Tuition Assistance activity
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 11 |
| Total DoD amount | $13,524 |
| Average DoD amount per recipient | $1,229 |
References
More about our data sources and methodologies.