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 price tag of going to Nichols College can appear tremendous, but do not forget that almost all students obtain some kind of financial help.
What financial assistance options will Nichols offer, and what will you qualify for? Read on for more information. Scroll down to learn what amount of financial assistance will 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 Nichols College.
Aid such as grants, loans, work-study, and scholarships helps colleges decrease the real cost of attendance for most students. Some kinds of aid are clearly preferable to others, and outcomes differ across students.
For freshmen starting at Nichols College, 99% of first-time, full-time freshmen received some form of financial aid roughly 329 new students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 99% | $25,809 |
| Institutional grants & scholarships | 96% | $23,966 |
| Federal Pell grants | 25% | $5,323 |
| State/local grants | 19% | $4,281 |
| Federal student loans | 71% | $5,446 |
Unlike loans, grants and scholarships are gift aid that does not need to be paid back, making them the most desirable form of assistance. Across the undergraduate body at Nichols, about 91% of undergraduate students received gift aid averaging $25,256 (across roughly 1047 awardees).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 91% | $25,256 |
| Federal Pell grants | 26% | $5,407 |
| Federal student loans | 69% | $6,752 |
Among title-IV aid recipients living on campus, grant and scholarship aid averaged $25,274.
How much a family pays depends heavily on income, because most aid is awarded on the basis of financial need.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $27,142 |
| $30,001 – $75,000 | $27,917 |
| Over $75,000 | $33,827 |
Remember these are net prices — what families pay after gift aid, not before.
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 | $33,036 |
| Off-campus title-IV students | $31,065 |
For a personalized estimate based on your family’s financial situation, use Nichols’s net price calculator: nichols.studentaidcalculator.com/survey.aspx.
The median student at Nichols graduates with $19,500 in federal student debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $19,500 |
| Median federal debt (graduates only) | $27,000 |
| Typical 10-year monthly payment (graduates) | $286.24/mo |
Spreading the median graduate debt over a standard 10-year repayment schedule works out to roughly the monthly payment shown above.
Percentiles reveal the spread — half of all borrowers fall between the 25th and 75th percentiles. These percentiles trace how cumulative federal debt is spread among borrowers at Nichols.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,500 |
| 25th percentile | $6,056 |
| 75th percentile | $27,000 |
| 90th percentile (highest-debt students) | $33,000 |
Debt outcomes are not uniform — they shift with income, first-generation status, and dependency.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $15,750 |
| Middle income | $19,500 |
| High income | $19,500 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $19,500 |
| Continuing-generation students | $18,500 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $20,000 |
| Independent students | $10,730 |
The Department of Education computes summary indicators that describe debt outcomes at a glance. Nichols.
Stafford loans make up the bulk of federal direct lending to undergraduates. The annual Stafford volume below reflects program activity at Nichols:
| Metric | Value |
|---|---|
| Stafford loan recipients | 5794 |
| Total Stafford loan amount | $102,023,641 |
GI Bill and DoD Tuition Assistance are the two federal aid programs targeted at military-affiliated students.
Post-9/11 GI Bill recipients
| Metric | Value |
|---|---|
| GI Bill recipients | 15 |
| Total GI Bill amount | $253,519 |
| Average GI Bill amount per recipient | $16,901 |
Active-duty Tuition Assistance recipients
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 16 |
| Total DoD amount | $33,988 |
| Average DoD amount per recipient | $2,124 |
References
More about our data sources and methodologies.