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 price tag of going to Mayfield College can appear tremendous, but do not forget that almost all students obtain some kind of financial help.
Just what financial assistance solutions will Mayfield College provide, and just what are you going to be eligible for? Read on for answers. Keep reading to find out just how much financial aid will 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. Read on to get a sense of the financial assistance available at Mayfield 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. However, some types of aid are more desirable than others, and some students will receive more than others.
For freshmen starting at Mayfield College, 99% of the incoming full-time class was awarded financial aid roughly 232 freshmen).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 97% | $6,149 |
| Institutional grants & scholarships | 0% | — |
| Federal Pell grants | 97% | $5,820 |
| State/local grants | 3% | $9,374 |
| Federal student loans | 94% | $6,761 |
Because grants and scholarships do not have to be repaid, they are the most sought-after type of financial aid. At this school, roughly 96% of undergrads got grants or scholarships worth on average $6,737 (across roughly 526 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 96% | $6,737 |
| Federal Pell grants | 96% | $6,251 |
| Federal student loans | 93% | $7,248 |
Among title-IV aid recipients living on campus, grant and scholarship aid averaged $5,648.
Need-based aid means lower-income families typically pay far less than the sticker price suggests.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $22,568 |
| $30,001 – $75,000 | $22,854 |
| Over $75,000 | $22,455 |
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 | $24,948 |
| Off-campus title-IV students | $22,604 |
For a personalized estimate based on your family’s financial situation, use Mayfield College’s NPC: mayfieldcollege.edu/NetPrice/index.html.
The median student at Mayfield College graduates with $9,025 of federal borrowing.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $9,025 |
| Median federal debt (graduates only) | $9,025 |
| Typical 10-year monthly payment (graduates) | $95.68/mo |
That monthly figure reflects the median graduate debt repaid on a standard 10-year federal schedule.
Looking only at the median can be misleading because it hides the spread. Use the percentiles below to see the debt range at Mayfield College.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $4,750 |
| 25th percentile | $5,500 |
| 75th percentile | $9,077 |
| 90th percentile (highest-debt students) | $9,500 |
Median debt varies by family income, by first-generation status, and by dependency status.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $9,025 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,255 |
| Independent students | $9,025 |
The Department of Education computes summary indicators that describe debt outcomes at a glance. Mayfield College.
Stafford loans are the federal government’s primary direct undergraduate lending program. The annual Stafford volume below reflects program activity at Mayfield College:
| Metric | Value |
|---|---|
| Stafford loan recipients | 3774 |
| Total Stafford loan amount | $30,339,080 |
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 | 2 |
| Total GI Bill amount | $35,700 |
| Average GI Bill amount per recipient | $17,850 |
DoD Tuition Assistance activity
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 0 |
| Total DoD amount | $0 |
References
More about our data sources and methodologies.