by our College Data Analytics TeamThe majority of students will not be asked to pay 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 Knox College can seem tremendous, but do not forget that almost all students are given some form of financial help.
Just what financial assistance solutions will Knox deliver, and just what are you going to be eligible for? Read on for answers. Scroll down to see how much school funding could be available to you.
How much aid you qualify for depends largely on your family’s financial circumstances. Use the information below to understand how much financial assistance you may get from Knox College.
Financial assistance, available as scholarships, loans, and work-study, is a way schools lower the price of attendance so many students can enroll. Some kinds of aid are clearly preferable to others, and outcomes differ across students.
For freshmen starting at Knox College, 100% of first-time, full-time freshmen received some form of financial aid approximately 249 new students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 100% | $42,532 |
| Institutional grants & scholarships | 100% | $37,953 |
| Federal Pell grants | 37% | $5,463 |
| State/local grants | 28% | $7,981 |
| Federal student loans | 76% | $5,403 |
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 Knox, approximately 100% of the undergraduate population received grant aid that averaged $45,474 (for some 997 awardees).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 100% | $45,474 |
| Federal Pell grants | 31% | $5,501 |
| Federal student loans | 67% | $6,527 |
For students living on campus and receiving title-IV aid, grants averaged $43,539.
Since aid is largely need-based, the real cost of attendance falls steeply for lower-income families.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $17,748 |
| $30,001 – $75,000 | $22,018 |
| Over $75,000 | $30,569 |
The numbers above are post-aid net prices, so they already account for grants and scholarships.
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 | $24,595 |
| Off-campus title-IV students | $24,875 |
To get a personalized net price estimate, try Knox’s official net price calculator: www.knox.edu/admission/cost-and-financial-aid/scholarship-and-cost-estimator.
The middle student in the debt distribution at Knox owes $23,852 in federal student debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $23,852 |
| Median federal debt (graduates only) | $27,000 |
| Typical 10-year monthly payment (graduates) | $286.24/mo |
That monthly figure reflects the median graduate debt repaid on a standard 10-year federal schedule.
The median alone does not show how widely outcomes vary across the student body. These percentiles trace how cumulative federal debt is spread among borrowers at Knox.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $5,500 |
| 25th percentile | $13,000 |
| 75th percentile | $29,499 |
| 90th percentile (highest-debt students) | $34,314 |
The figures below break down median federal debt by income tier, first-generation status, and dependency.
Debt by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $22,155 |
| Middle income | $25,000 |
| High income | $21,500 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $24,480 |
| Continuing-generation students | $21,500 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $24,000 |
| Independent students | $20,000 |
Federal data publishes pre-calculated indicators that summarize debt outcomes. Knox.
The Stafford loan program is the largest source of federal direct loans to undergraduates. The totals below capture Stafford lending at Knox:
| Metric | Value |
|---|---|
| Stafford loan recipients | 4386 |
| Total Stafford loan amount | $74,027,519 |
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 | 7 |
| Total GI Bill amount | $125,246 |
| Average GI Bill amount per recipient | $17,892 |
References
More about our data sources and methodologies.