by our College Data Analytics TeamA lot of students will never be charged the complete price tag of a school. Rather, they are presented a financial aid deal that includes a mix of loans, grants, scholarships, and possibly work-study opportunities. The price tag of going to Hood College can appear tremendous, but do not forget that almost all students obtain some kind of financial help.
Just what financial aid solutions can Hood provide, and just what are you going to be eligible for? Keep reading for answers. Keep going to discover just how much financial aid could be open 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 Hood College.
Aid such as grants, loans, work-study, and scholarships helps colleges decrease the real cost of attendance for most students. Note that some aid is more valuable than the rest, and individual awards are far from uniform.
At Hood College, 100% of first-year full-time students received aid of some kind some 303 first-years).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 100% | $37,957 |
| Institutional grants & scholarships | 100% | $32,476 |
| Federal Pell grants | 44% | $5,919 |
| State/local grants | 33% | $8,163 |
| Federal student loans | 70% | $5,159 |
Because grants and scholarships do not have to be repaid, they are the most sought-after type of financial aid. At this school, about 98% of undergraduates were awarded grant or scholarship aid averaging $37,297 (for some 1190 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 98% | $37,297 |
| Federal Pell grants | 37% | $5,638 |
| Federal student loans | 68% | $9,881 |
For on-campus title-IV students, average grant aid came to $40,346.
Need-based aid means lower-income families typically pay far less than the sticker price suggests.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $17,235 |
| $30,001 – $75,000 | $24,144 |
| Over $75,000 | $27,026 |
Remember these are net prices — what families pay after gift aid, not before.
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 | $20,873 |
| Off-campus title-IV students | $23,707 |
To project your own net price, use Hood’s net price tool: www.hood.edu/net-price-calculator.
A typical borrower at Hood leaves with $18,185 of cumulative federal debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $18,185 |
| Median federal debt (graduates only) | $25,000 |
| Typical 10-year monthly payment (graduates) | $265.04/mo |
That monthly figure reflects the median graduate debt repaid on a standard 10-year federal schedule.
A single median figure conceals how much debt outcomes differ student to student. Use the percentiles below to see the debt range at Hood.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $5,500 |
| 25th percentile | $10,250 |
| 75th percentile | $27,500 |
| 90th percentile (highest-debt students) | $36,112 |
Median debt varies by family income, by first-generation status, and by dependency status.
Debt by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $19,125 |
| Middle income | $17,125 |
| High income | $17,500 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $19,000 |
| Continuing-generation students | $15,750 |
Dependent vs Independent Students
| Cohort | Median federal debt |
|---|---|
| Dependent students | $18,119 |
| Independent students | $18,750 |
The figure below distills the debt data into a single burden category for Hood.
Stafford loans make up the bulk of federal direct lending to undergraduates. These figures summarize annual Stafford program activity at Hood:
| Metric | Value |
|---|---|
| Stafford loan recipients | 6164 |
| Total Stafford loan amount | $123,431,399 |
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 | 48 |
| Total GI Bill amount | $1,081,981 |
| Average GI Bill amount per recipient | $22,541 |
Active-duty Tuition Assistance recipients
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 3 |
| Total DoD amount | $6,730 |
| Average DoD amount per recipient | $2,243 |
References
More about our data sources and methodologies.