by our College Data Analytics TeamMost students will never be charged the advertised price of a school. Instead, they will be provided a financial aid package that will include a combination of scholarships, grants, loans, and work-study. The price tag of going to Montreat College can appear overwhelming, but bear in mind that many students obtain some kind of financial aid.
Just what financial assistance solutions will Montreat College provide, and just what are you going to be eligible for? Read on for answers. Scroll down 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. Continue reading to find information to help you understand just how much assistance you can expect to receive from Montreat College.
Through a mix of loans, grants, work-study and scholarships, schools bring down the effective cost so more students can attend. Keep in mind that certain forms of assistance are more beneficial than others, and aid amounts differ from student to student.
Looking at the entering class at Montreat College, 94% of the incoming full-time class was awarded financial aid (about 186 first-years).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 94% | $18,992 |
| Institutional grants & scholarships | 89% | $15,191 |
| Federal Pell grants | 44% | $5,651 |
| State/local grants | 32% | $5,655 |
| Federal student loans | 70% | $5,137 |
Gift aid — grants and scholarships — beats loans every time because none of it has to be repaid. At this school, approximately 90% of the undergraduate population received grant aid that averaged $20,161 (across roughly 683 awardees).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 90% | $20,161 |
| Federal Pell grants | 39% | $5,468 |
| Federal student loans | 68% | $6,895 |
For students living on campus and receiving title-IV aid, grants averaged $20,072.
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 | $22,491 |
| $30,001 – $75,000 | $24,674 |
| Over $75,000 | $28,897 |
The numbers above are post-aid net prices, so they already account for grants and scholarships.
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 | $27,061 |
| Off-campus title-IV students | $26,328 |
To project your own net price, use Montreat College’s online cost calculator: npc.collegeboard.org/student/app/montreat.
The median student at Montreat College graduates with $13,875 of federal student loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $13,875 |
| Median federal debt (graduates only) | $25,813 |
| Typical 10-year monthly payment (graduates) | $273.66/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 percentiles below describe the cumulative federal debt distribution for borrowers at Montreat College.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,500 |
| 25th percentile | $5,500 |
| 75th percentile | $27,000 |
| 90th percentile (highest-debt students) | $39,000 |
Outcomes differ by income bracket, by first-generation status, and by whether a student is financially dependent.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $16,584 |
| Middle income | $14,125 |
| High income | $12,000 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $12,785 |
| Continuing-generation students | $15,000 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $12,000 |
| Independent students | $22,924 |
The Department of Education computes summary indicators that describe debt outcomes at a glance. Montreat College.
The Stafford loan program is the largest source of federal direct loans to undergraduates. The aggregate figures below show how active the program is at Montreat College:
| Metric | Value |
|---|---|
| Stafford loan recipients | 4997 |
| Total Stafford loan amount | $122,935,608 |
The GI Bill and DoD Tuition Assistance are the main federal aid routes for veterans and service members.
GI Bill volume
| Metric | Value |
|---|---|
| GI Bill recipients | 26 |
| Total GI Bill amount | $438,191 |
| Average GI Bill amount per recipient | $16,854 |
Active-duty Tuition Assistance recipients
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 2 |
| Total DoD amount | $3,000 |
| Average DoD amount per recipient | $1,500 |
References
More about our data sources and methodologies.