by our College Data Analytics TeamA large number of students will never be charged 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 total price of attendance at Iowa Central Community College can feel overwhelming, but bear in mind that many students receive some sort of financial aid.
What financial aid options can Iowa Central Community College offer you, and what will you qualify for? Keep reading for more information. Keep reading to discover just how much financial aid could be open to you.
The amount of financial aid and scholarships you are eligible for will vary depending on your family’s income. Read on to get a sense of the financial assistance available at Iowa Central Community College.
Aid such as grants, loans, work-study, and scholarships helps colleges decrease the real cost of attendance for most students. Bear in mind that not all aid is equal, and the amount any one student receives can vary widely.
For incoming first-year students at Iowa Central Community College, 97% of entering full-time freshmen got some type of financial assistance around 965 first-years).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 93% | $5,934 |
| Institutional grants & scholarships | 73% | $2,196 |
| Federal Pell grants | 56% | $5,517 |
| State/local grants | 23% | $3,192 |
| Federal student loans | 55% | $5,044 |
Unlike loans, grants and scholarships are gift aid that does not need to be paid back, making them the most desirable form of assistance. At Iowa Central Community College, roughly 56% of the undergraduate population received grant aid that averaged $5,973 (across approximately 2771 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 56% | $5,973 |
| Federal Pell grants | 35% | $5,020 |
| Federal student loans | 36% | $6,163 |
For students living on campus and receiving title-IV aid, grants averaged $5,894.
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 | $8,403 |
| $30,001 – $75,000 | $9,168 |
| Over $75,000 | $12,252 |
The numbers above are post-aid net prices, so they already account for grants and scholarships.
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 | $9,328 |
| Off-campus title-IV students | $9,601 |
To project your own net price, use Iowa Central Community College’s online cost calculator: www.iowacentral.edu/results.asp?q=Net+price+calculator.
A typical borrower at Iowa Central Community College leaves with $8,000 of federal borrowing.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $8,000 |
| Median federal debt (graduates only) | $11,000 |
| Typical 10-year monthly payment (graduates) | $116.62/mo |
Under a standard ten-year plan, the median graduate’s monthly payment lands near the figure above.
The median alone does not show how widely outcomes vary across the student body. The percentiles below describe the cumulative federal debt distribution for borrowers at Iowa Central Community College.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,250 |
| 25th percentile | $4,090 |
| 75th percentile | $12,750 |
| 90th percentile (highest-debt students) | $21,250 |
Debt outcomes are not uniform — they shift with income, first-generation status, and dependency.
Debt by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $7,368 |
| Middle income | $8,094 |
| High income | $8,250 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $8,000 |
| Continuing-generation students | $7,453 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $6,750 |
| Independent students | $9,500 |
A handful of calculated indicators summarize the debt outlook at Iowa Central Community College.
Stafford loans are the federal government’s primary direct undergraduate lending program. The totals below capture Stafford lending at Iowa Central Community College:
| Metric | Value |
|---|---|
| Stafford loan recipients | 23153 |
| Total Stafford loan amount | $240,641,714 |
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 | 20 |
| Total GI Bill amount | $71,113 |
| Average GI Bill amount per recipient | $3,556 |
DoD program volume
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 5 |
| Total DoD amount | $8,085 |
| Average DoD amount per recipient | $1,617 |
References
More about our data sources and methodologies.