by our College Data Analytics TeamA large number of students will not be asked to pay the complete price tag of a school. Rather, they are presented a financial aid deal that includes a mix of loans, grants, scholarships, and possibly work-study opportunities. The total cost of going to Laurel Ridge Community College can seem overwhelming, but bear in mind that many students are given some form of financial aid.
Just what financial aid solutions can Lord Fairfax Community College provide, and just what are you going to be eligible for? Keep reading for answers. Keep going to learn how much school funding will 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 Laurel Ridge 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.
At Laurel Ridge Community College, 57% of entering full-time freshmen got some type of financial assistance approximately 308 students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 48% | $5,563 |
| Institutional grants & scholarships | 18% | $2,030 |
| Federal Pell grants | 35% | $5,443 |
| State/local grants | 37% | $990 |
| Federal student loans | 5% | $5,195 |
The best aid is gift aid: grants and scholarships that carry no repayment obligation. At Lord Fairfax Community College, some 26% of the undergraduate population received grant aid that averaged $4,361 (covering around 1518 awardees).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 26% | $4,361 |
| Federal Pell grants | 18% | $4,230 |
| Federal student loans | 2% | $5,137 |
For on-campus title-IV students, average grant aid came to $6,097.
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 | $4,634 |
| $30,001 – $75,000 | $5,339 |
| Over $75,000 | $9,284 |
Each figure is the net price after grants and scholarships, not the published sticker price.
The net price represents the average annual cost a title-IV-receiving student pays after grant aid is subtracted from the full cost of attendance.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $6,013 |
| Off-campus title-IV students | $5,586 |
For an estimate tailored to your family circumstances, see Lord Fairfax Community College’s NPC: www.vawizard.org/wizard/npc.
The middle student in the debt distribution at Lord Fairfax Community College owes $5,982 of federal borrowing.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $5,982 |
| Median federal debt (graduates only) | $9,750 |
| Typical 10-year monthly payment (graduates) | $103.37/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. Use the percentiles below to see the debt range at Lord Fairfax Community College.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $1,500 |
| 25th percentile | $2,750 |
| 75th percentile | $10,500 |
| 90th percentile (highest-debt students) | $19,000 |
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 | $8,500 |
| Middle income | $5,500 |
| High income | $5,500 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $6,000 |
| Continuing-generation students | $5,960 |
Dependent vs Independent Students
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,500 |
| Independent students | $9,500 |
Federal data publishes pre-calculated indicators that summarize debt outcomes. Lord Fairfax Community College.
Stafford loans make up the bulk of federal direct lending to undergraduates. These figures summarize annual Stafford program activity at Lord Fairfax Community College:
| Metric | Value |
|---|---|
| Stafford loan recipients | 3137 |
| Total Stafford loan amount | $29,969,243 |
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 | 0 |
| Total GI Bill amount | $0 |
DoD Tuition Assistance activity
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 0 |
| Total DoD amount | $0 |
References
More about our data sources and methodologies.