by our College Data Analytics TeamA lot 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 price tag of going to New River Community and Technical College can appear overwhelming, but bear in mind that many students obtain some kind of financial aid.
Just what financial assistance solutions will New River Community and Technical College deliver, and just what are you going to be eligible for? Read on for answers. Scroll down to learn 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. The figures below will help you estimate the aid you might receive from New River Community and Technical College.
Aid such as grants, loans, work-study, and scholarships helps colleges decrease the real cost of attendance for most students. Note that some aid is more valuable than the rest, and individual awards are far from uniform.
For freshmen starting at New River Community and Technical College, 87% of new full-time first-years were awarded at least some aid approximately 147 incoming students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 85% | $7,720 |
| Institutional grants & scholarships | 1% | $63 |
| Federal Pell grants | 62% | $5,781 |
| State/local grants | 76% | $3,863 |
| Federal student loans | 11% | $4,744 |
The best aid is gift aid: grants and scholarships that carry no repayment obligation. At this school, some 52% of undergraduate students received gift aid averaging $7,006 (across approximately 655 awardees).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 52% | $7,006 |
| Federal Pell grants | 39% | $5,438 |
| Federal student loans | 12% | $4,921 |
Among title-IV aid recipients living on campus, grant and scholarship aid averaged $8,533.
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 | $2,596 |
| $30,001 – $75,000 | $4,190 |
| Over $75,000 | $7,145 |
Each amount is the average cost remaining once grant aid is subtracted, by income band.
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 | $3,599 |
| Off-campus title-IV students | $3,494 |
For an estimate tailored to your family circumstances, see New River Community and Technical College’s net price tool: www.newriver.edu/net-price-calculator/.
A typical borrower at New River Community and Technical College leaves with $5,177 in federal loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $5,177 |
| Median federal debt (graduates only) | $7,250 |
| Typical 10-year monthly payment (graduates) | $76.86/mo |
The 10-year payment estimate assumes a standard federal repayment plan and the median graduate debt amount.
The median alone does not show how widely outcomes vary across the student body. The figures below chart the debt distribution at New River Community and Technical College.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $1,733 |
| 25th percentile | $2,594 |
| 75th percentile | $7,085 |
| 90th percentile (highest-debt students) | $11,000 |
Debt outcomes are not uniform — they shift with income, first-generation status, and dependency.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $4,514 |
| Middle income | $5,202 |
| High income | $5,500 |
First-Gen vs Continuing-Gen Median Debt
| Cohort | Median federal debt |
|---|---|
| First-generation students | $5,211 |
| Continuing-generation students | $4,300 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $4,950 |
| Independent students | $5,393 |
A handful of calculated indicators summarize the debt outlook at New River Community and Technical College.
Stafford loans make up the bulk of federal direct lending to undergraduates. These figures summarize annual Stafford program activity at New River Community and Technical College:
| Metric | Value |
|---|---|
| Stafford loan recipients | 5149 |
| Total Stafford loan amount | $48,094,865 |
The GI Bill and DoD Tuition Assistance are the main federal aid routes for veterans and service members.
Post-9/11 GI Bill recipients
| Metric | Value |
|---|---|
| GI Bill recipients | 17 |
| Total GI Bill amount | $94,177 |
| Average GI Bill amount per recipient | $5,540 |
Active-duty Tuition Assistance recipients
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 0 |
| Total DoD amount | $0 |
References
More about our data sources and methodologies.