by our College Data Analytics TeamA lot of students will not be asked to pay 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 Northeast Iowa Community College can appear overwhelming, but bear in mind that many students obtain some kind of financial aid.
What financial aid options can NICC offer you, and what will you qualify for? Keep reading for more information. Keep going 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. Read on to get a sense of the financial assistance available at Northeast Iowa Community College.
Financial aid, in the form of loans, grants, work-study, and scholarships, is one way colleges reduce the cost of attendance so most students can actually afford to attend. Bear in mind that not all aid is equal, and the amount any one student receives can vary widely.
For incoming first-year students at Northeast Iowa Community College, 95% of first-time, full-time freshmen received some form of financial aid roughly 301 students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 79% | $6,129 |
| Institutional grants & scholarships | 40% | $790 |
| Federal Pell grants | 45% | $5,811 |
| State/local grants | 39% | $4,729 |
| Federal student loans | 28% | $4,664 |
Grants and scholarships are the most valuable form of aid because, unlike loans, they never have to be repaid. At NICC, around 35% of undergraduate students received gift aid averaging $4,725 (among about 1519 recipients).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 35% | $4,725 |
| Federal Pell grants | 23% | $3,893 |
| Federal student loans | 15% | $5,206 |
For students living on campus and receiving title-IV aid, grants averaged $6,566.
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 | $9,112 |
| $30,001 – $75,000 | $9,933 |
| Over $75,000 | $12,088 |
Remember these are net prices — what families pay after gift aid, not before.
The net price strips out grant and scholarship aid from the sticker price to show roughly what families really pay.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $11,272 |
| Off-campus title-IV students | $10,059 |
To project your own net price, use NICC’s NPC: www.nicc.edu/admissions/tuition-and-fees/.
The median federal debt load at NICC comes to $8,284 of cumulative federal debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $8,284 |
| Median federal debt (graduates only) | $12,000 |
| Typical 10-year monthly payment (graduates) | $127.22/mo |
Spreading the median graduate debt over a standard 10-year repayment schedule works out to roughly the monthly payment shown above.
A single median figure conceals how much debt outcomes differ student to student. These percentiles trace how cumulative federal debt is spread among borrowers at NICC.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $1,896 |
| 25th percentile | $3,500 |
| 75th percentile | $13,750 |
| 90th percentile (highest-debt students) | $24,025 |
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 | $9,648 |
| Middle income | $7,202 |
| High income | $5,750 |
First-Gen vs Continuing-Gen Median Debt
| Cohort | Median federal debt |
|---|---|
| First-generation students | $8,707 |
| Continuing-generation students | $6,500 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,732 |
| Independent students | $12,111 |
The figure below distills the debt data into a single burden category for NICC.
Most undergraduate borrowing runs through the federal Stafford loan program. The annual Stafford volume below reflects program activity at NICC:
| Metric | Value |
|---|---|
| Stafford loan recipients | 12692 |
| Total Stafford loan amount | $161,877,755 |
Military-affiliated students can tap the Post-9/11 GI Bill and DoD Tuition Assistance.
Post-9/11 GI Bill activity
| Metric | Value |
|---|---|
| GI Bill recipients | 13 |
| Total GI Bill amount | $55,469 |
| Average GI Bill amount per recipient | $4,267 |
Active-duty Tuition Assistance recipients
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 7 |
| Total DoD amount | $19,606 |
| Average DoD amount per recipient | $2,801 |
References
More about our data sources and methodologies.