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 cost of going to Jefferson College can seem tremendous, but do not forget that almost all students are given some form of financial help.
What financial assistance options will JeffCo offer, and what will you qualify for? Read on for more information. Read on to find out how much school funding will be available to you.
The amount of financial aid and scholarships you are eligible for will vary depending on your family’s income. The figures below will help you estimate the aid you might receive from Jefferson 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 Jefferson College, 92% of entering full-time freshmen got some type of financial assistance some 685 freshmen).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 88% | $5,727 |
| Institutional grants & scholarships | 15% | $4,670 |
| Federal Pell grants | 42% | $5,398 |
| State/local grants | 64% | $3,095 |
| Federal student loans | 10% | $4,678 |
Grants and scholarships are the most valuable form of aid because, unlike loans, they never have to be repaid. Here, around 52% of undergrads got grants or scholarships worth on average $4,716 (across approximately 1968 awardees).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 52% | $4,716 |
| Federal Pell grants | 30% | $4,368 |
| Federal student loans | 8% | $5,023 |
For on-campus title-IV students, average grant aid came to $6,194.
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 | $6,614 |
| $30,001 – $75,000 | $7,763 |
| Over $75,000 | $11,014 |
Remember these are net prices — what families pay after gift aid, not before.
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 | $7,378 |
| Off-campus title-IV students | $7,734 |
To get a personalized net price estimate, try JeffCo’s NPC: www.jeffco.edu/calculator/.
A typical borrower at JeffCo leaves with $6,000 of federal borrowing.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $6,000 |
| Median federal debt (graduates only) | $9,285 |
| Typical 10-year monthly payment (graduates) | $98.44/mo |
Spreading the median graduate debt over a standard 10-year repayment schedule works out to roughly the monthly payment shown above.
The numbers below show the full range, not just the middle of the distribution. The figures below chart the debt distribution at JeffCo.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $1,500 |
| 25th percentile | $2,750 |
| 75th percentile | $13,000 |
| 90th percentile (highest-debt students) | $22,840 |
The figures below break down median federal debt by income tier, first-generation status, and dependency.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $7,770 |
| Middle income | $5,500 |
| High income | $5,212 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $6,124 |
| Continuing-generation students | $5,500 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,000 |
| Independent students | $9,500 |
These indicators are derived from the underlying debt data and summarize the overall picture at JeffCo.
Stafford loans make up the bulk of federal direct lending to undergraduates. These figures summarize annual Stafford program activity at JeffCo:
| Metric | Value |
|---|---|
| Stafford loan recipients | 8545 |
| Total Stafford loan amount | $95,399,120 |
Military-affiliated students can tap the Post-9/11 GI Bill and DoD Tuition Assistance.
Post-9/11 GI Bill recipients
| Metric | Value |
|---|---|
| GI Bill recipients | 55 |
| Total GI Bill amount | $165,382 |
| Average GI Bill amount per recipient | $3,007 |
Active-duty Tuition Assistance recipients
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 4 |
| Total DoD amount | $13,894 |
| Average DoD amount per recipient | $3,474 |
References
More about our data sources and methodologies.