by our College Data Analytics TeamA lot of students are not billed 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 price of attendance at North Central Michigan College can feel overpowering, but remember that the majority of students receive some sort of financial assistance.
What financing options does NCMC offer you, and what will you qualify for? Keep scrolling for more information. Keep scrolling to discover how much school funding could be available to you.
The amount of financial aid and scholarships you are eligible for will vary depending on your family’s income. Continue reading to find information to help you understand just how much assistance you can expect to receive from North Central Michigan College.
Financial assistance, available as scholarships, loans, and work-study, is a way schools lower the price of attendance so many students can enroll. Keep in mind that certain forms of assistance are more beneficial than others, and aid amounts differ from student to student.
At North Central Michigan College, 92% of first-time, full-time freshmen received some form of financial aid some 201 incoming students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 91% | $8,139 |
| Institutional grants & scholarships | 48% | $2,120 |
| Federal Pell grants | 56% | $5,263 |
| State/local grants | 66% | $5,097 |
| Federal student loans | 13% | $4,432 |
Gift aid — grants and scholarships — beats loans every time because none of it has to be repaid. At NCMC, roughly 46% of the undergraduate population received grant aid that averaged $6,992 (among about 712 recipients).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 46% | $6,992 |
| Federal Pell grants | 29% | $4,532 |
| Federal student loans | 8% | $5,109 |
For students living on campus and receiving title-IV aid, grants averaged $9,136.
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 | $4,241 |
| $30,001 – $75,000 | $4,841 |
| Over $75,000 | $10,992 |
The numbers above are post-aid net prices, so they already account for grants and scholarships.
Net price is the cost remaining after grant and scholarship aid is subtracted from the sticker price, and it is the most useful single number for estimating real cost.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $10,083 |
| Off-campus title-IV students | $5,457 |
For a customized cost estimate, visit NCMC’s online cost calculator: www.ncmich.edu/admissions/tuition-costs/north-central-cost-calculator.html.
The median student at NCMC graduates with $5,500 of federal student loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $5,500 |
| Median federal debt (graduates only) | $14,000 |
| Typical 10-year monthly payment (graduates) | $148.42/mo |
Under a standard ten-year plan, the median graduate’s monthly payment lands near the figure above.
Looking only at the median can be misleading because it hides the spread. Use the percentiles below to see the debt range at NCMC.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $1,500 |
| 25th percentile | $2,750 |
| 75th percentile | $9,250 |
| 90th percentile (highest-debt students) | $15,644 |
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 | $5,750 |
| Middle income | $5,500 |
| High income | $4,890 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $5,500 |
| Continuing-generation students | $5,500 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $4,825 |
| Independent students | $7,650 |
The figure below distills the debt data into a single burden category for NCMC.
Stafford loans make up the bulk of federal direct lending to undergraduates. The aggregate figures below show how active the program is at NCMC:
| Metric | Value |
|---|---|
| Stafford loan recipients | 3255 |
| Total Stafford loan amount | $29,182,726 |
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 | 8 |
| Total GI Bill amount | $34,271 |
| Average GI Bill amount per recipient | $4,284 |
Active-duty Tuition Assistance recipients
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 0 |
| Total DoD amount | $0 |
References
More about our data sources and methodologies.