by our College Data Analytics TeamThe majority 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 total cost of going to Nashua Community College can seem overwhelming, but bear in mind that many students are given some form of financial aid.
Just what financial assistance solutions will Nashua Community College provide, and just what are you going to be eligible for? Read on for answers. Read on to see what amount of financial assistance could be accessible to you.
The amount of financial aid and scholarships you are eligible for will vary depending on your family’s income. Read on to get a sense of the financial assistance available at Nashua Community College.
Through a mix of loans, grants, work-study and scholarships, schools bring down the effective cost so more students can attend. However, some types of aid are more desirable than others, and some students will receive more than others.
Looking at the entering class at Nashua Community College, 63% of entering full-time freshmen got some type of financial assistance approximately 91 incoming students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 49% | $6,137 |
| Institutional grants & scholarships | 14% | $1,081 |
| Federal Pell grants | 33% | $5,992 |
| State/local grants | 33% | $2,628 |
| Federal student loans | 27% | $5,123 |
The best aid is gift aid: grants and scholarships that carry no repayment obligation. At Nashua Community College, roughly 44% of undergraduate students received gift aid averaging $5,550 (across approximately 552 undergraduates).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 44% | $5,550 |
| Federal Pell grants | 24% | $6,196 |
| Federal student loans | 20% | $6,358 |
Among title-IV aid recipients living on campus, grant and scholarship aid averaged $5,860.
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 | $13,784 |
| $30,001 – $75,000 | $18,406 |
| Over $75,000 | $18,752 |
Each figure is the net price after grants and scholarships, not the published sticker price.
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 | $23,154 |
| Off-campus title-IV students | $15,026 |
For an estimate tailored to your family circumstances, see Nashua Community College’s net price calculator: nashuacc.edu/afford-ncc/financial-aid/net-price-calculator/.
A typical borrower at Nashua Community College leaves with $7,833 in federal loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $7,833 |
| Median federal debt (graduates only) | $11,000 |
| Typical 10-year monthly payment (graduates) | $116.62/mo |
The 10-year payment estimate assumes a standard federal repayment plan and the median graduate debt amount.
The numbers below show the full range, not just the middle of the distribution. The figures below chart the debt distribution at Nashua Community College.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $1,750 |
| 25th percentile | $3,500 |
| 75th percentile | $12,800 |
| 90th percentile (highest-debt students) | $20,000 |
Median debt varies by family income, by first-generation status, and by dependency status.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $6,755 |
| Middle income | $8,363 |
| High income | $7,559 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $7,847 |
| Continuing-generation students | $7,417 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,925 |
| Independent students | $9,500 |
A handful of calculated indicators summarize the debt outlook at Nashua Community College.
The Stafford program is the federal direct-loan vehicle most undergraduates use. The totals below capture Stafford lending at Nashua Community College:
| Metric | Value |
|---|---|
| Stafford loan recipients | 6254 |
| Total Stafford loan amount | $66,333,106 |
GI Bill and DoD Tuition Assistance are the two federal aid programs targeted at military-affiliated students.
Post-9/11 GI Bill activity
| Metric | Value |
|---|---|
| GI Bill recipients | 30 |
| Total GI Bill amount | $114,835 |
| Average GI Bill amount per recipient | $3,828 |
DoD program volume
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 3 |
| Total DoD amount | $6,235 |
| Average DoD amount per recipient | $2,078 |
References
More about our data sources and methodologies.