by our College Data Analytics TeamMany students are not billed the complete price tag of a school. Rather, they are presented a financial aid deal that includes a mix of loans, grants, scholarships, and possibly work-study opportunities. The total price of attendance at Inver Hills Community College can feel overpowering, but remember that the majority of students receive some sort of financial assistance.
Just what financial assistance solutions will IHCC deliver, and just what are you going to be eligible for? Read on for answers. Keep scrolling to see how much school funding could be available to you.
Eligibility for aid and scholarships is driven mostly by your household’s income and need. The information provided on this page can help you determine how much aid you may receive from Inver Hills 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.
Looking at the entering class at Inver Hills Community College, 71% of first-year full-time students received aid of some kind around 177 freshmen).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 59% | $5,546 |
| Institutional grants & scholarships | 21% | $1,793 |
| Federal Pell grants | 41% | $5,002 |
| State/local grants | 48% | $1,690 |
| Federal student loans | 21% | $4,552 |
The best aid is gift aid: grants and scholarships that carry no repayment obligation. Across the undergraduate body at IHCC, about 55% of undergrads got grants or scholarships worth on average $4,217 (for some 2022 awardees).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 55% | $4,217 |
| Federal Pell grants | 24% | $3,987 |
| Federal student loans | 15% | $5,987 |
For students living on campus and receiving title-IV aid, grants averaged $5,467.
The figures below show the average net price — cost after all grant and scholarship aid — broken out by family income.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $8,904 |
| $30,001 – $75,000 | $10,015 |
| Over $75,000 | $13,602 |
The numbers above are post-aid net prices, so they already account for grants and scholarships.
The net price represents the average annual cost a title-IV-receiving student pays after grant aid is subtracted from the full cost of attendance.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $11,636 |
| Off-campus title-IV students | $10,651 |
To project your own net price, use IHCC’s online cost calculator: www.inverhills.edu/FinancialAid/CostofAttendance.aspx.
Graduating students at IHCC carry a median federal student debt of $9,315 in federal loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $9,315 |
| Median federal debt (graduates only) | $13,965 |
| Typical 10-year monthly payment (graduates) | $148.05/mo |
At a typical 10-year repayment schedule, the median graduate would pay about the monthly figure above.
Percentiles reveal the spread — half of all borrowers fall between the 25th and 75th percentiles. Use the percentiles below to see the debt range at IHCC.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,200 |
| 25th percentile | $4,000 |
| 75th percentile | $15,500 |
| 90th percentile (highest-debt students) | $25,240 |
Debt outcomes are not uniform — they shift with income, first-generation status, and dependency.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $10,275 |
| Middle income | $9,500 |
| High income | $7,587 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $9,500 |
| Continuing-generation students | $8,748 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $6,500 |
| Independent students | $13,000 |
Federal data publishes pre-calculated indicators that summarize debt outcomes. IHCC.
The Stafford program is the federal direct-loan vehicle most undergraduates use. Below is the annual Stafford program activity at IHCC:
| Metric | Value |
|---|---|
| Stafford loan recipients | 14494 |
| Total Stafford loan amount | $194,242,329 |
The GI Bill and DoD Tuition Assistance are the main federal aid routes for veterans and service members.
GI Bill volume
| Metric | Value |
|---|---|
| GI Bill recipients | 44 |
| Total GI Bill amount | $131,603 |
| Average GI Bill amount per recipient | $2,991 |
Active-duty Tuition Assistance recipients
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 0 |
| Total DoD amount | $0 |
References
More about our data sources and methodologies.