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 sum total of attendance at Northwest Florida State College can sound overwhelming, but bear in mind that many students get some type of financial aid.
Just what financial aid solutions can NWFSC deliver, and just what are you going to be eligible for? Keep reading for answers. Keep reading to discover what amount of financial assistance could be accessible to you.
Eligibility for aid and scholarships is driven mostly by your household’s income and need. The figures below will help you estimate the aid you might receive from Northwest Florida State 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. Some kinds of aid are clearly preferable to others, and outcomes differ across students.
For incoming first-year students at Northwest Florida State College, 71% of first-year full-time students received aid of some kind around 320 incoming students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 64% | $7,458 |
| Institutional grants & scholarships | 24% | $1,806 |
| Federal Pell grants | 38% | $8,604 |
| State/local grants | 37% | $2,761 |
| Federal student loans | 40% | $5,495 |
Gift aid — grants and scholarships — beats loans every time because none of it has to be repaid. Here, about 31% of undergraduate students received gift aid averaging $5,667 (for some 1605 awardees).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 31% | $5,667 |
| Federal Pell grants | 21% | $4,941 |
| Federal student loans | 20% | $2,358 |
Among title-IV aid recipients living on campus, grant and scholarship aid averaged $8,343.
Since aid is largely need-based, the real cost of attendance falls steeply for lower-income families.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $3,065 |
| $30,001 – $75,000 | $5,203 |
| Over $75,000 | $10,632 |
These figures reflect what title-IV aid recipients pay after grant and scholarship aid is applied.
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 | $4,571 |
| Off-campus title-IV students | $5,554 |
To project your own net price, use NWFSC’s online cost calculator: www.nwfsc.edu/students/financialaid/net-price-calculator/.
The median federal debt load at NWFSC comes to $5,500 of cumulative federal debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $5,500 |
| Median federal debt (graduates only) | $7,932 |
| Typical 10-year monthly payment (graduates) | $84.09/mo |
Spreading the median graduate debt over a standard 10-year repayment schedule works out to roughly the monthly payment shown above.
Looking only at the median can be misleading because it hides the spread. The figures below chart the debt distribution at NWFSC.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $1,557 |
| 25th percentile | $1,750 |
| 75th percentile | $6,250 |
| 90th percentile (highest-debt students) | $11,000 |
The figures below break down median federal debt by income tier, first-generation status, and dependency.
Debt by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $5,656 |
| Middle income | $5,500 |
| High income | $5,500 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $5,500 |
| Continuing-generation students | $5,259 |
Dependent vs Independent Students
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,030 |
| Independent students | $6,750 |
The Department of Education computes summary indicators that describe debt outcomes at a glance. NWFSC.
Stafford loans are the federal government’s primary direct undergraduate lending program. These figures summarize annual Stafford program activity at NWFSC:
| Metric | Value |
|---|---|
| Stafford loan recipients | 4810 |
| Total Stafford loan amount | $32,910,593 |
GI Bill and DoD Tuition Assistance are the two federal aid programs targeted at military-affiliated students.
Post-9/11 GI Bill activity
| Metric | Value |
|---|---|
| GI Bill recipients | 454 |
| Total GI Bill amount | $981,157 |
| Average GI Bill amount per recipient | $2,161 |
Active-duty Tuition Assistance recipients
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 168 |
| Total DoD amount | $149,024 |
| Average DoD amount per recipient | $887 |
References
More about our data sources and methodologies.