by our College Data Analytics TeamA large number of students will never be charged 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 Ocean Corporation can feel overwhelming, but bear in mind that many students receive some sort of financial aid.
Just what financing solutions does Ocean Corporation deliver, and just what are you going to be eligible for? Keep scrolling for answers. Read on to find out just how much financial aid will be open 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 Ocean Corporation.
Through a mix of loans, grants, work-study and scholarships, schools bring down the effective cost so more students can attend. However, some types of aid are more desirable than others, and some students will receive more than others.
Among first-time, full-time freshmen at Ocean Corporation, 79% of the incoming full-time class was awarded financial aid approximately 157 incoming students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 49% | $5,659 |
| Institutional grants & scholarships | 0% | — |
| Federal Pell grants | 49% | $4,855 |
| State/local grants | 2% | $5,852 |
| Federal student loans | 75% | $7,447 |
The best aid is gift aid: grants and scholarships that carry no repayment obligation. At this school, roughly 40% of undergraduates were awarded an average grant or scholarship of $6,106 (across approximately 131 recipients).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 40% | $6,106 |
| Federal Pell grants | 29% | $5,722 |
| Federal student loans | 47% | $7,437 |
Title-IV recipients living on campus saw average grant aid of $3,772.
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 | $28,935 |
| $30,001 – $75,000 | $31,941 |
| Over $75,000 | $34,700 |
The numbers above are post-aid net prices, so they already account for grants and scholarships.
The net price represents the average annual cost a title-IV-receiving student pays after grant aid is subtracted from the full cost of attendance.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $32,280 |
| Off-campus title-IV students | $30,210 |
For a personalized estimate based on your family’s financial situation, use Ocean Corporation’s net price calculator: oceancorp.com/financial-aid-info/.
The median student at Ocean Corporation graduates with $9,500 of federal student loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $9,500 |
| Median federal debt (graduates only) | $9,500 |
| Typical 10-year monthly payment (graduates) | $100.72/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. These percentiles trace how cumulative federal debt is spread among borrowers at Ocean Corporation.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $4,749 |
| 25th percentile | $5,500 |
| 75th percentile | $9,500 |
| 90th percentile (highest-debt students) | $9,500 |
How much a student borrows depends heavily on family income, first-gen status, and dependency.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $9,500 |
| Middle income | $6,738 |
| High income | $5,500 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $9,500 |
| Continuing-generation students | $5,500 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,500 |
| Independent students | $9,500 |
The figure below distills the debt data into a single burden category for Ocean Corporation.
Stafford loans make up the bulk of federal direct lending to undergraduates. The annual Stafford volume below reflects program activity at Ocean Corporation:
| Metric | Value |
|---|---|
| Stafford loan recipients | 3505 |
| Total Stafford loan amount | $28,773,495 |
Veterans and active-duty service members may qualify for the Post-9/11 GI Bill or DoD Tuition Assistance.
GI Bill volume
| Metric | Value |
|---|---|
| GI Bill recipients | 33 |
| Total GI Bill amount | $709,030 |
| Average GI Bill amount per recipient | $21,486 |
References
More about our data sources and methodologies.