by our College Data Analytics TeamA lot of 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 price tag of going to Hudson Valley Community College can appear overwhelming, but bear in mind that many students obtain some kind of financial aid.
Just what financial aid solutions can HVCC provide, and just what are you going to be eligible for? Keep reading for answers. Keep reading to find out just how much financial aid will be open to you.
How much aid you qualify for depends largely on your family’s financial circumstances. Use the information below to understand how much financial assistance you may get from Hudson Valley Community College.
Colleges use loans, grants, scholarships and work-study to minimize what students actually pay out of pocket. Note that some aid is more valuable than the rest, and individual awards are far from uniform.
For freshmen starting at Hudson Valley Community College, 74% of the incoming full-time class was awarded financial aid approximately 1154 new students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 65% | $7,548 |
| Institutional grants & scholarships | 6% | $1,172 |
| Federal Pell grants | 53% | $5,863 |
| State/local grants | 61% | $2,842 |
| Federal student loans | 30% | $5,577 |
Unlike loans, grants and scholarships are gift aid that does not need to be paid back, making them the most desirable form of assistance. Across the undergraduate body at HVCC, roughly 39% of undergrads got grants or scholarships worth on average $7,007 (across approximately 3648 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 39% | $7,007 |
| Federal Pell grants | 30% | $5,381 |
| Federal student loans | 21% | $6,568 |
For on-campus title-IV students, average grant aid came to $7,256.
Since aid is largely need-based, the real cost of attendance falls steeply for lower-income families.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $3,982 |
| $30,001 – $75,000 | $7,460 |
| Over $75,000 | $12,315 |
These figures reflect what title-IV aid recipients pay after grant and scholarship aid is applied.
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 | $8,501 |
| Off-campus title-IV students | $7,118 |
For a customized cost estimate, visit HVCC’s net price tool: www.hvcc.edu/npc/index.html.
The middle student in the debt distribution at HVCC owes $5,713 in federal loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $5,713 |
| Median federal debt (graduates only) | $10,625 |
| Typical 10-year monthly payment (graduates) | $112.64/mo |
Spreading the median graduate debt over a standard 10-year repayment schedule works out to roughly the monthly payment shown above.
Looking only at the median can be misleading because it hides the spread. The percentiles below describe the cumulative federal debt distribution for borrowers at HVCC.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $1,579 |
| 25th percentile | $2,750 |
| 75th percentile | $9,966 |
| 90th percentile (highest-debt students) | $15,020 |
Median debt varies by family income, by first-generation status, and by dependency status.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $6,375 |
| Middle income | $5,500 |
| High income | $5,500 |
First-Gen vs Continuing-Gen Median Debt
| Cohort | Median federal debt |
|---|---|
| First-generation students | $5,760 |
| Continuing-generation students | $5,500 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,500 |
| Independent students | $9,500 |
The Department of Education computes summary indicators that describe debt outcomes at a glance. HVCC.
Stafford loans make up the bulk of federal direct lending to undergraduates. The annual Stafford volume below reflects program activity at HVCC:
| Metric | Value |
|---|---|
| Stafford loan recipients | 30806 |
| Total Stafford loan amount | $273,082,349 |
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 | 110 |
| Total GI Bill amount | $494,264 |
| Average GI Bill amount per recipient | $4,493 |
Active-duty Tuition Assistance recipients
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 3 |
| Total DoD amount | $7,799 |
| Average DoD amount per recipient | $2,600 |
References
More about our data sources and methodologies.