by our College Data Analytics TeamA lot 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 sum total of attendance at Independence Community College can sound overpowering, but remember that the majority of students get some type of financial assistance.
Just what financial aid solutions can Independence Community College deliver, and just what are you going to be eligible for? Keep reading for answers. Keep scrolling to discover what amount of financial assistance could be accessible to you.
The amount of financial aid and scholarships you are eligible for will vary depending on your family’s income. The information provided on this page can help you determine how much aid you may receive from Independence Community 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.
For freshmen starting at Independence Community College, 92% of first-year full-time students received aid of some kind around 151 incoming students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 90% | $7,549 |
| Institutional grants & scholarships | 81% | $3,149 |
| Federal Pell grants | 62% | $6,472 |
| State/local grants | 3% | $1,334 |
| Federal student loans | 26% | $4,021 |
Grants and scholarships are the most valuable form of aid because, unlike loans, they never have to be repaid. At this school, some 59% of the undergraduate population received grant aid that averaged $5,960 (across approximately 483 awardees).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 59% | $5,960 |
| Federal Pell grants | 37% | $5,456 |
| Federal student loans | 19% | $4,428 |
Among title-IV aid recipients living on campus, grant and scholarship aid averaged $5,559.
Because need-based aid scales with family income, what students actually pay differs sharply across income brackets.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $4,996 |
| $30,001 – $75,000 | $6,385 |
| Over $75,000 | $9,802 |
Each figure is the net price after grants and scholarships, not the published sticker price.
The net price strips out grant and scholarship aid from the sticker price to show roughly what families really pay.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $3,265 |
| Off-campus title-IV students | $6,262 |
For a customized cost estimate, visit Independence Community College’s online cost calculator: [www.indycc.edu/financial-aid/files/net price calculator/npc21-22.html](https://www.indycc.edu/financial-aid/files/net price calculator/npc21-22.html).
The median federal debt load at Independence Community College comes to $4,750 of federal borrowing.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $4,750 |
| Median federal debt (graduates only) | $6,115 |
| Typical 10-year monthly payment (graduates) | $64.83/mo |
At a typical 10-year repayment schedule, the median graduate would pay about the monthly figure above.
The numbers below show the full range, not just the middle of the distribution. Use the percentiles below to see the debt range at Independence Community College.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $1,312 |
| 25th percentile | $1,945 |
| 75th percentile | $5,634 |
| 90th percentile (highest-debt students) | $8,750 |
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 | $4,049 |
| Middle income | $5,243 |
| High income | $6,540 |
First-Gen vs Continuing-Gen Median Debt
| Cohort | Median federal debt |
|---|---|
| First-generation students | $4,500 |
| Continuing-generation students | $6,000 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $4,533 |
| Independent students | $4,812 |
Federal data publishes pre-calculated indicators that summarize debt outcomes. Independence Community College.
Most undergraduate borrowing runs through the federal Stafford loan program. The aggregate figures below show how active the program is at Independence Community College:
| Metric | Value |
|---|---|
| Stafford loan recipients | 2589 |
| Total Stafford loan amount | $12,020,293 |
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 | 6 |
| Total GI Bill amount | $20,087 |
| Average GI Bill amount per recipient | $3,348 |
References
More about our data sources and methodologies.