by our College Data Analytics TeamA large number of students will not be asked to pay the advertised price of a school. Instead, they will be provided a financial aid package that will include a combination of scholarships, grants, loans, and work-study. The total price of attendance at Itawamba Community College can feel overwhelming, but bear in mind that many students receive some sort of financial aid.
What financial assistance options will ICC offer, and what will you qualify for? Read on for more information. Keep going to discover how much school funding could be available to you.
Your financial aid package, which may contain grants and scholarships, will be determined on your financial need. Read on to get a sense of the financial assistance available at Itawamba Community College.
Aid such as grants, loans, work-study, and scholarships helps colleges decrease the real cost of attendance for most students. However, some types of aid are more desirable than others, and some students will receive more than others.
Among first-time, full-time freshmen at Itawamba Community College, 98% of new full-time first-years were awarded at least some aid (about 1292 students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 95% | $6,329 |
| Institutional grants & scholarships | 64% | $2,470 |
| Federal Pell grants | 66% | $6,228 |
| State/local grants | 37% | $709 |
| Federal student loans | 10% | $4,744 |
Because grants and scholarships do not have to be repaid, they are the most sought-after type of financial aid. At ICC, approximately 87% of the undergraduate population received grant aid that averaged $4,712 (for some 4293 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 87% | $4,712 |
| Federal Pell grants | 47% | $5,655 |
| Federal student loans | 11% | $5,712 |
For students living on campus and receiving title-IV aid, grants averaged $7,463.
How much a family pays depends heavily on income, because most aid is awarded on the basis of financial need.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $4,002 |
| $30,001 – $75,000 | $5,368 |
| Over $75,000 | $8,116 |
The numbers above are post-aid net prices, so they already account for grants and scholarships.
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 | $4,616 |
| Off-campus title-IV students | $5,034 |
For a personalized estimate based on your family’s financial situation, use ICC’s official net price calculator: www.iccms.edu/code/netcalc/npcalc.htm.
Graduating students at ICC carry a median federal student debt of $5,500 in federal loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $5,500 |
| Median federal debt (graduates only) | $7,631 |
| Typical 10-year monthly payment (graduates) | $80.9/mo |
At a typical 10-year repayment schedule, the median graduate would pay about the monthly 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 ICC.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $1,313 |
| 25th percentile | $2,325 |
| 75th percentile | $8,275 |
| 90th percentile (highest-debt students) | $15,250 |
Median debt varies by family income, by first-generation status, and by dependency status.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $5,500 |
| Middle income | $5,800 |
| High income | $5,500 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $5,500 |
| Continuing-generation students | $5,500 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,000 |
| Independent students | $8,700 |
The Department of Education computes summary indicators that describe debt outcomes at a glance. ICC.
The Stafford loan program is the largest source of federal direct loans to undergraduates. The totals below capture Stafford lending at ICC:
| Metric | Value |
|---|---|
| Stafford loan recipients | 16036 |
| Total Stafford loan amount | $188,164,367 |
GI Bill and DoD Tuition Assistance are the two federal aid programs targeted at military-affiliated students.
GI Bill volume
| Metric | Value |
|---|---|
| GI Bill recipients | 48 |
| Total GI Bill amount | $126,664 |
| Average GI Bill amount per recipient | $2,639 |
DoD Tuition Assistance activity
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 0 |
| Total DoD amount | $0 |
References
More about our data sources and methodologies.