by our College Data Analytics TeamThe majority of students will not be asked to pay 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 price tag of going to Hope College can appear tremendous, but do not forget that almost all students obtain some kind of financial help.
Just what financing solutions does Hope provide, and just what are you going to be eligible for? Keep scrolling for answers. Scroll down to discover what amount of financial assistance could be accessible to you.
The amount of financial aid you can receive varies from person to person and will depend on your family’s economic situation. The information provided on this page can help you determine how much aid you may receive from Hope College.
Colleges use loans, grants, scholarships and work-study to minimize what students actually pay out of pocket. Bear in mind that not all aid is equal, and the amount any one student receives can vary widely.
Looking at the entering class at Hope College, 97% of the incoming full-time class was awarded financial aid around 811 incoming students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 97% | $24,945 |
| Institutional grants & scholarships | 97% | $21,718 |
| Federal Pell grants | 16% | $5,256 |
| State/local grants | 40% | $5,488 |
| Federal student loans | 45% | $5,148 |
Grants and scholarships are the most valuable form of aid because, unlike loans, they never have to be repaid. At Hope, about 94% of undergrads got grants or scholarships worth on average $22,475 (across roughly 3169 awardees).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 94% | $22,475 |
| Federal Pell grants | 16% | $5,187 |
| Federal student loans | 44% | $6,246 |
On-campus students receiving title-IV aid were awarded grants averaging $28,464.
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 | $15,311 |
| $30,001 – $75,000 | $18,820 |
| Over $75,000 | $30,075 |
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 | $27,182 |
| Off-campus title-IV students | $25,749 |
To get a personalized net price estimate, try Hope’s official net price calculator: hope.edu/admissions/resources/net-price-calculator/index.html.
The median student at Hope graduates with $23,250 in federal loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $23,250 |
| Median federal debt (graduates only) | $26,800 |
| Typical 10-year monthly payment (graduates) | $284.12/mo |
Spreading the median graduate debt over a standard 10-year repayment schedule works out to roughly the monthly payment shown above.
A single median figure conceals how much debt outcomes differ student to student. These percentiles trace how cumulative federal debt is spread among borrowers at Hope.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $5,500 |
| 25th percentile | $13,810 |
| 75th percentile | $28,300 |
| 90th percentile (highest-debt students) | $33,250 |
The figures below break down median federal debt by income tier, first-generation status, and dependency.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $24,187 |
| Middle income | $24,125 |
| High income | $23,136 |
First-Gen vs Continuing-Gen Median Debt
| Cohort | Median federal debt |
|---|---|
| First-generation students | $24,217 |
| Continuing-generation students | $23,250 |
Dependent vs Independent Students
| Cohort | Median federal debt |
|---|---|
| Dependent students | $23,250 |
| Independent students | $29,820 |
Federal data publishes pre-calculated indicators that summarize debt outcomes. Hope.
Most undergraduate borrowing runs through the federal Stafford loan program. The totals below capture Stafford lending at Hope:
| Metric | Value |
|---|---|
| Stafford loan recipients | 8151 |
| Total Stafford loan amount | $126,124,087 |
GI Bill and DoD Tuition Assistance are the two federal aid programs targeted at military-affiliated students.
Post-9/11 GI Bill activity
| Metric | Value |
|---|---|
| GI Bill recipients | 21 |
| Total GI Bill amount | $540,100 |
| Average GI Bill amount per recipient | $25,719 |
References
More about our data sources and methodologies.