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 cost of going to Hope College of Arts and Sciences can seem overpowering, but remember that the majority of students are given some form of financial assistance.
What financial assistance options will Hope College of Arts and Sciences offer, and what will you qualify for? Read on for more information. Keep going to see how much school funding could be available to you.
The amount of financial aid you can receive varies from person to person and will depend on your family’s economic situation. Continue reading to find information to help you understand just how much assistance you can expect to receive from Hope College of Arts and Sciences.
Through a mix of loans, grants, work-study and scholarships, schools bring down the effective cost so more students can attend. Some kinds of aid are clearly preferable to others, and outcomes differ across students.
At Hope College of Arts and Sciences, 82% of first-year full-time students received aid of some kind roughly 9 freshmen).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 73% | $7,272 |
| Institutional grants & scholarships | 0% | — |
| Federal Pell grants | 73% | $7,272 |
| State/local grants | 0% | — |
| Federal student loans | 73% | $7,868 |
Gift aid — grants and scholarships — beats loans every time because none of it has to be repaid. At this school, approximately 6% of undergrads got grants or scholarships worth on average $6,464 (covering around 9 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 6% | $6,464 |
| Federal Pell grants | 6% | $6,464 |
| Federal student loans | 6% | $6,994 |
For students living on campus and receiving title-IV aid, grants averaged $6,464.
Need-based aid means lower-income families typically pay far less than the sticker price suggests.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $11,404 |
| $30,001 – $75,000 | $13,301 |
| Over $75,000 | $17,222 |
Remember these are net prices — what families pay after gift aid, not before.
Net price is the average annual cost after grants and scholarships are subtracted from the published cost of attendance — the figure closest to what a typical aid-receiving student actually pays.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $13,325 |
| Off-campus title-IV students | $13,949 |
To project your own net price, use Hope College of Arts and Sciences’s online cost calculator: hcas.edu/nursing-school-finance/financial-aid.
The middle student in the debt distribution at Hope College of Arts and Sciences owes $9,500 of federal student loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $9,500 |
| Median federal debt (graduates only) | $17,229 |
| Typical 10-year monthly payment (graduates) | $182.66/mo |
Spreading the median graduate debt over a standard 10-year repayment schedule works out to roughly the monthly payment shown above.
The figures below break down median federal debt by income tier, first-generation status, and dependency.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $9,500 |
A handful of calculated indicators summarize the debt outlook at Hope College of Arts and Sciences.
The Stafford loan program is the largest source of federal direct loans to undergraduates. The aggregate figures below show how active the program is at Hope College of Arts and Sciences:
| Metric | Value |
|---|---|
| Stafford loan recipients | 279 |
| Total Stafford loan amount | $3,573,684 |
References
More about our data sources and methodologies.