by our College Data Analytics TeamThe majority of students will not be asked to pay the advertised price of a school. Instead, they will be provided a financial aid package that will include a combination of scholarships, grants, loans, and work-study. The total cost of going to North Iowa Area Community College can seem overwhelming, but bear in mind that many students are given some form of financial aid.
Just what financial aid solutions can North Iowa Area Community College deliver, and just what are you going to be eligible for? Keep reading for answers. Scroll down to see what amount of financial assistance could be accessible to you.
How much aid you qualify for depends largely on your family’s financial circumstances. Continue reading to find information to help you understand just how much assistance you can expect to receive from North Iowa Area Community College.
Colleges use loans, grants, scholarships and work-study to minimize what students actually pay out of pocket. Keep in mind that certain forms of assistance are more beneficial than others, and aid amounts differ from student to student.
At North Iowa Area Community College, 93% of first-year full-time students received aid of some kind approximately 413 new students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 86% | $7,017 |
| Institutional grants & scholarships | 71% | $3,876 |
| Federal Pell grants | 40% | $5,768 |
| State/local grants | 24% | $3,560 |
| Federal student loans | 33% | $4,586 |
Unlike loans, grants and scholarships are gift aid that does not need to be paid back, making them the most desirable form of assistance. At this school, some 44% of undergraduate students received gift aid averaging $6,279 (across roughly 1097 awardees).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 44% | $6,279 |
| Federal Pell grants | 24% | $4,585 |
| Federal student loans | 20% | $5,455 |
For students living on campus and receiving title-IV aid, grants averaged $7,030.
Need-based aid means lower-income families typically pay far less than the sticker price suggests.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $7,276 |
| $30,001 – $75,000 | $8,483 |
| Over $75,000 | $11,745 |
The numbers above are post-aid net prices, so they already account for grants and scholarships.
Net price is the average annual cost after grants and scholarships are subtracted from the published cost of attendance — the figure closest to what a typical aid-receiving student actually pays.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $10,010 |
| Off-campus title-IV students | $8,849 |
For a customized cost estimate, visit North Iowa Area Community College’s net price tool: www.niacc.edu/admissions/finance-your-education/financial-aid/calculator/.
Graduating students at North Iowa Area Community College carry a median federal student debt of $6,000 of federal student loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $6,000 |
| Median federal debt (graduates only) | $9,500 |
| Typical 10-year monthly payment (graduates) | $100.72/mo |
At a typical 10-year repayment schedule, the median graduate would pay about the monthly figure above.
Percentiles reveal the spread — half of all borrowers fall between the 25th and 75th percentiles. The four reference points below map the debt distribution at North Iowa Area Community College.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $1,750 |
| 25th percentile | $3,500 |
| 75th percentile | $10,096 |
| 90th percentile (highest-debt students) | $15,500 |
The figures below break down median federal debt by income tier, first-generation status, and dependency.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $6,250 |
| Middle income | $5,500 |
| High income | $6,500 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $5,500 |
| Continuing-generation students | $6,500 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,500 |
| Independent students | $7,771 |
The figure below distills the debt data into a single burden category for North Iowa Area Community College.
The Stafford program is the federal direct-loan vehicle most undergraduates use. Below is the annual Stafford program activity at North Iowa Area Community College:
| Metric | Value |
|---|---|
| Stafford loan recipients | 9894 |
| Total Stafford loan amount | $88,768,126 |
The GI Bill and DoD Tuition Assistance are the main federal aid routes for veterans and service members.
Post-9/11 GI Bill activity
| Metric | Value |
|---|---|
| GI Bill recipients | 13 |
| Total GI Bill amount | $43,900 |
| Average GI Bill amount per recipient | $3,377 |
DoD Tuition Assistance activity
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 3 |
| Total DoD amount | $4,943 |
| Average DoD amount per recipient | $1,648 |
References
More about our data sources and methodologies.