by our College Data Analytics TeamMost students are not billed 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 total price of attendance at Holyoke Community College can feel overwhelming, but bear in mind that many students receive some sort of financial aid.
Just what financing solutions does Holyoke Community College provide, and just what are you going to be eligible for? Keep scrolling for answers. Keep reading to learn just how much financial aid will be open to you.
Your financial aid package, which may contain grants and scholarships, will be determined on your financial need. Read on to get a sense of the financial assistance available at Holyoke Community 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. Keep in mind that certain forms of assistance are more beneficial than others, and aid amounts differ from student to student.
Looking at the entering class at Holyoke Community College, 79% of entering full-time freshmen got some type of financial assistance approximately 309 freshmen).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 73% | $6,806 |
| Institutional grants & scholarships | 20% | $840 |
| Federal Pell grants | 54% | $5,100 |
| State/local grants | 68% | $2,789 |
| Federal student loans | 25% | $4,308 |
Gift aid — grants and scholarships — beats loans every time because none of it has to be repaid. Across the undergraduate body at Holyoke Community College, approximately 66% of undergraduates were awarded grant or scholarship aid averaging $5,032 (for some 2443 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 66% | $5,032 |
| Federal Pell grants | 43% | $3,884 |
| Federal student loans | 24% | $5,734 |
For students living on campus and receiving title-IV aid, grants averaged $6,975.
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 | $5,325 |
| $30,001 – $75,000 | $6,325 |
| Over $75,000 | $12,585 |
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 | $8,068 |
| Off-campus title-IV students | $6,860 |
For a customized cost estimate, visit Holyoke Community College’s online cost calculator: www.hcc.edu/tuition-and-aid/tuition-and-fees/net-price-calculator.
Graduating students at Holyoke Community College carry a median federal student debt of $4,750 of cumulative federal debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $4,750 |
| Median federal debt (graduates only) | $8,250 |
| Typical 10-year monthly payment (graduates) | $87.46/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 Holyoke Community College.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $600 |
| 25th percentile | $1,664 |
| 75th percentile | $8,855 |
| 90th percentile (highest-debt students) | $15,000 |
How much a student borrows depends heavily on family income, first-gen status, and dependency.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $2,500 |
| Middle income | $5,500 |
| High income | $7,168 |
First-Gen vs Continuing-Gen Median Debt
| Cohort | Median federal debt |
|---|---|
| First-generation students | $4,451 |
| Continuing-generation students | $5,500 |
Dependent vs Independent Students
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,326 |
| Independent students | $4,000 |
The figure below distills the debt data into a single burden category for Holyoke Community College.
Most undergraduate borrowing runs through the federal Stafford loan program. The aggregate figures below show how active the program is at Holyoke Community College:
| Metric | Value |
|---|---|
| Stafford loan recipients | 11904 |
| Total Stafford loan amount | $86,472,484 |
The GI Bill and DoD Tuition Assistance are the main federal aid routes for veterans and service members.
Post-9/11 GI Bill activity
| Metric | Value |
|---|---|
| GI Bill recipients | 44 |
| Total GI Bill amount | $135,699 |
| Average GI Bill amount per recipient | $3,084 |
References
More about our data sources and methodologies.