by our College Data Analytics TeamThe majority 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 sum total of attendance at Northwest Iowa Community College can sound overwhelming, but bear in mind that many students get some type of financial aid.
Just what financial assistance solutions will Northwest Iowa Community College provide, and just what are you going to be eligible for? Read on for answers. Keep scrolling to discover how much school funding could be available 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 Northwest Iowa Community College.
Aid such as grants, loans, work-study, and scholarships helps colleges decrease the real cost of attendance for most students. However, some types of aid are more desirable than others, and some students will receive more than others.
Looking at the entering class at Northwest Iowa Community College, 81% of first-year full-time students received aid of some kind approximately 234 new students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 66% | $5,118 |
| Institutional grants & scholarships | 27% | $1,962 |
| Federal Pell grants | 31% | $5,708 |
| State/local grants | 43% | $2,366 |
| Federal student loans | 29% | $4,328 |
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, approximately 34% of the undergraduate population received grant aid that averaged $5,335 (across roughly 606 awardees).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 34% | $5,335 |
| Federal Pell grants | 16% | $6,113 |
| Federal student loans | 13% | $5,347 |
On-campus students receiving title-IV aid were awarded grants averaging $5,614.
The figures below show the average net price — cost after all grant and scholarship aid — broken out by family income.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $8,783 |
| $30,001 – $75,000 | $10,685 |
| Over $75,000 | $15,023 |
Each figure is the net price after grants and scholarships, not the published sticker price.
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 | $14,800 |
| Off-campus title-IV students | $12,357 |
For a customized cost estimate, visit Northwest Iowa Community College’s net price tool: files.nwicc.edu/files/portal/netpricecalculator/npcalc.htm.
A typical borrower at Northwest Iowa Community College leaves with $7,000 of cumulative federal debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $7,000 |
| 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.
The numbers below show the full range, not just the middle of the distribution. The percentiles below describe the cumulative federal debt distribution for borrowers at Northwest Iowa Community College.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,000 |
| 25th percentile | $3,502 |
| 75th percentile | $11,918 |
| 90th percentile (highest-debt students) | $16,862 |
Outcomes differ by income bracket, by first-generation status, and by whether a student is financially dependent.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $8,563 |
| Middle income | $6,995 |
| High income | $5,500 |
First-Gen vs Continuing-Gen Median Debt
| Cohort | Median federal debt |
|---|---|
| First-generation students | $7,831 |
| Continuing-generation students | $5,666 |
Dependent vs Independent Students
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,500 |
| Independent students | $9,500 |
These indicators are derived from the underlying debt data and summarize the overall picture at Northwest Iowa Community College.
The Stafford loan program is the largest source of federal direct loans to undergraduates. The aggregate figures below show how active the program is at Northwest Iowa Community College:
| Metric | Value |
|---|---|
| Stafford loan recipients | 3005 |
| Total Stafford loan amount | $26,872,047 |
Veterans and active-duty service members may qualify for the Post-9/11 GI Bill or DoD Tuition Assistance.
Post-9/11 GI Bill recipients
| Metric | Value |
|---|---|
| GI Bill recipients | 5 |
| Total GI Bill amount | $10,681 |
| Average GI Bill amount per recipient | $2,136 |
Active-duty Tuition Assistance recipients
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 10 |
| Total DoD amount | $37,336 |
| Average DoD amount per recipient | $3,734 |
References
More about our data sources and methodologies.