by our College Data Analytics TeamMany students will never be charged the full sticker price of a school. Rather, they are offered a financial aid plan that includes a mix of loans, grants, scholarships, and possibly work-study opportunities. The total price of attendance at New River Community College can feel overpowering, but remember that the majority of students receive some sort of financial assistance.
What financial aid options can NRCC offer, and what will you qualify for? Keep reading for more information. Keep going to find out what amount of financial assistance will be accessible to you.
Eligibility for aid and scholarships is driven mostly by your household’s income and need. Use the information below to understand how much financial assistance you may get from New River Community College.
Through a mix of loans, grants, work-study and scholarships, schools bring down the effective cost so more students can attend. Some kinds of aid are clearly preferable to others, and outcomes differ across students.
For freshmen starting at New River Community College, 90% of first-time, full-time freshmen received some form of financial aid approximately 412 incoming students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 63% | $6,632 |
| Institutional grants & scholarships | 20% | $1,024 |
| Federal Pell grants | 50% | $5,372 |
| State/local grants | 59% | $2,104 |
| Federal student loans | 4% | $5,080 |
The best aid is gift aid: grants and scholarships that carry no repayment obligation. At NRCC, some 35% of undergraduates were awarded an average grant or scholarship of $5,458 (for some 1436 recipients).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 35% | $5,458 |
| Federal Pell grants | 23% | $4,597 |
| Federal student loans | 3% | $5,054 |
For on-campus title-IV students, average grant aid came to $7,585.
Need-based aid means lower-income families typically pay far less than the sticker price suggests.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $5,026 |
| $30,001 – $75,000 | $6,425 |
| Over $75,000 | $9,956 |
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 | $6,279 |
| Off-campus title-IV students | $6,031 |
For an estimate tailored to your family circumstances, see NRCC’s online cost calculator: www.vawizard.org/wizard/npc.
The median federal debt load at NRCC comes to $5,998 in federal student debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $5,998 |
| Median federal debt (graduates only) | $9,000 |
| Typical 10-year monthly payment (graduates) | $95.41/mo |
The 10-year payment estimate assumes a standard federal repayment plan and the median graduate debt amount.
A single median figure conceals how much debt outcomes differ student to student. The percentiles below describe the cumulative federal debt distribution for borrowers at NRCC.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $1,750 |
| 25th percentile | $2,777 |
| 75th percentile | $9,794 |
| 90th percentile (highest-debt students) | $16,970 |
Outcomes differ by income bracket, by first-generation status, and by whether a student is financially dependent.
Debt by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $7,337 |
| Middle income | $5,500 |
| High income | $5,500 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $5,999 |
| Continuing-generation students | $5,500 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,417 |
| Independent students | $7,907 |
The Department of Education computes summary indicators that describe debt outcomes at a glance. NRCC.
Stafford loans are the federal government’s primary direct undergraduate lending program. The totals below capture Stafford lending at NRCC:
| Metric | Value |
|---|---|
| Stafford loan recipients | 5593 |
| Total Stafford loan amount | $45,934,706 |
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 | 0 |
| Total GI Bill amount | $0 |
Active-duty Tuition Assistance recipients
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 0 |
| Total DoD amount | $0 |
References
More about our data sources and methodologies.