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 sum total of attendance at Illinois Central College can sound overpowering, but remember that the majority of students get some type of financial assistance.
What financial aid options can ICC offer you, and what will you qualify for? Keep reading for more information. Keep reading to discover what amount of financial assistance could be accessible 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 Illinois Central College.
Colleges use loans, grants, scholarships and work-study to minimize what students actually pay out of pocket. Keep in mind that certain forms of assistance are more beneficial than others, and aid amounts differ from student to student.
At Illinois Central College, 63% of the incoming full-time class was awarded financial aid roughly 558 new students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 51% | $6,212 |
| Institutional grants & scholarships | 20% | $2,241 |
| Federal Pell grants | 37% | $5,280 |
| State/local grants | 31% | $2,198 |
| Federal student loans | 15% | $4,851 |
The best aid is gift aid: grants and scholarships that carry no repayment obligation. At ICC, some 31% of undergrads got grants or scholarships worth on average $5,182 (for some 2370 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 31% | $5,182 |
| Federal Pell grants | 24% | $4,053 |
| Federal student loans | 8% | $5,884 |
On-campus students receiving title-IV aid were awarded grants averaging $5,977.
Need-based aid means lower-income families typically pay far less than the sticker price suggests.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $9,090 |
| $30,001 – $75,000 | $10,937 |
| Over $75,000 | $16,350 |
The numbers above are post-aid net prices, so they already account for grants and scholarships.
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 | $12,961 |
| Off-campus title-IV students | $11,510 |
To get a personalized net price estimate, try ICC’s net price tool: icc.edu/net-price-calculator/.
A typical borrower at ICC leaves with $5,500 of federal student loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $5,500 |
| Median federal debt (graduates only) | $8,900 |
| Typical 10-year monthly payment (graduates) | $94.35/mo |
The 10-year payment estimate assumes a standard federal repayment plan and the median graduate debt amount.
The numbers below show the full range, not just the middle of the distribution. Use the percentiles below to see the debt range at ICC.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $1,184 |
| 25th percentile | $1,980 |
| 75th percentile | $7,531 |
| 90th percentile (highest-debt students) | $12,380 |
How much a student borrows depends heavily on family income, first-gen status, and dependency.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $5,084 |
| Middle income | $5,500 |
| High income | $6,000 |
First-Gen vs Continuing-Gen Median Debt
| Cohort | Median federal debt |
|---|---|
| First-generation students | $5,500 |
| Continuing-generation students | $5,500 |
Dependent vs Independent Students
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,500 |
| Independent students | $6,246 |
A handful of calculated indicators summarize the debt outlook at ICC.
Stafford loans are the federal government’s primary direct undergraduate lending program. The aggregate figures below show how active the program is at ICC:
| Metric | Value |
|---|---|
| Stafford loan recipients | 12015 |
| Total Stafford loan amount | $91,100,043 |
Veterans and active-duty service members may qualify for the Post-9/11 GI Bill or DoD Tuition Assistance.
Post-9/11 GI Bill recipients
| Metric | Value |
|---|---|
| GI Bill recipients | 29 |
| Total GI Bill amount | $73,546 |
| Average GI Bill amount per recipient | $2,536 |
DoD program volume
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 11 |
| Total DoD amount | $33,983 |
| Average DoD amount per recipient | $3,089 |
References
More about our data sources and methodologies.