by our College Data Analytics TeamThe majority 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 total price of attendance at Kalamazoo College can feel overpowering, but remember that the majority of students receive some sort of financial assistance.
Just what financing solutions does K College provide, and just what are you going to be eligible for? Keep scrolling for answers. Keep reading to discover just how much financial aid could be open to you.
The amount of financial aid you can receive varies from person to person and will depend on your family’s economic situation. The figures below will help you estimate the aid you might receive from Kalamazoo College.
Financial aid, in the form of loans, grants, work-study, and scholarships, is one way colleges reduce the cost of attendance so most students can actually afford to attend. Note that some aid is more valuable than the rest, and individual awards are far from uniform.
For freshmen starting at Kalamazoo College, 100% of first-year full-time students received aid of some kind around 369 freshmen).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 99% | $47,252 |
| Institutional grants & scholarships | 99% | $43,706 |
| Federal Pell grants | 28% | $5,705 |
| State/local grants | 30% | $6,291 |
| Federal student loans | 44% | $5,025 |
Because grants and scholarships do not have to be repaid, they are the most sought-after type of financial aid. At this school, around 100% of undergraduates were awarded grant or scholarship aid averaging $46,905 (for some 1193 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 100% | $46,905 |
| Federal Pell grants | 26% | $5,399 |
| Federal student loans | 45% | $6,181 |
Among title-IV aid recipients living on campus, grant and scholarship aid averaged $55,136.
Need-based aid means lower-income families typically pay far less than the sticker price suggests.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $13,823 |
| $30,001 – $75,000 | $15,233 |
| Over $75,000 | $25,908 |
Each amount is the average cost remaining once grant aid is subtracted, by income band.
After grants and scholarships come off the published price, what remains is the net price — the best estimate of true out-of-pocket cost.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $19,072 |
| Off-campus title-IV students | $18,873 |
To get a personalized net price estimate, try K College’s official net price calculator: admission.kzoo.edu/cost-value/net-price-calculator/.
A typical borrower at K College leaves with $22,810 of federal student loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $22,810 |
| Median federal debt (graduates only) | $26,077 |
| Typical 10-year monthly payment (graduates) | $276.46/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. These percentiles trace how cumulative federal debt is spread among borrowers at K College.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $5,500 |
| 25th percentile | $13,300 |
| 75th percentile | $33,086 |
| 90th percentile (highest-debt students) | $40,532 |
The figures below break down median federal debt by income tier, first-generation status, and dependency.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $19,041 |
| Middle income | $22,500 |
| High income | $24,500 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $23,000 |
| Continuing-generation students | $22,375 |
The figure below distills the debt data into a single burden category for K College.
Stafford loans are the federal government’s primary direct undergraduate lending program. The aggregate figures below show how active the program is at K College:
| Metric | Value |
|---|---|
| Stafford loan recipients | 3609 |
| Total Stafford loan amount | $53,740,413 |
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 | 3 |
| Total GI Bill amount | $44,944 |
| Average GI Bill amount per recipient | $14,981 |
References
More about our data sources and methodologies.