by our College Data Analytics TeamFinancial 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.
Curious about the financial aid opportunities at Otero JC and what you may be eligible for? Explore the answers here.
Otero Junior College average financial aid offer for freshmen students is $6,628.00. 100% of reshman students get financial aid, most of which is in the form of grants and scholarships
Loans are a part of financial aid plans, but the only true college discount is a scholarship or grant that you don’t have to repay.
Concerned about the student loans that might be part of your financing deal? Look at the average amount of debt per student at Otero Junior College.
Colleges and universities offer institutional scholarships and grants as financial assistance to help students cover tuition fees and other educational costs. These awards, which do not require repayment, can be merit-based or need-based. Merit-based institutional scholarships recognize students who have exceptional academic records, special talents, or skills in particular areas. Eligibility for these scholarships often depends on factors such as a student’s high school performance, standardized test scores, or involvement in extracurricular activities. In contrast, need-based institutional grants are designed for students who show financial need. The amount awarded usually depends on the student’s family’s financial condition and aims.
The numbers below apply to scholarships and grants primarily provided by Otero Junior College.
87% of new students (201 total) were offered scholarships at Otero Junior College, averaging $4,575.00 per person. This puts it in the top 50th percentile among colleges and universities nationwide.
In addition to scholarships, 67% of freshman students (154 total) obtained federal grant aid, averaging $5,528.00 a piece.
The following table shows scholarship and grant allocations by income for first-year students receiving any form of federal Title IV assistance, including Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 22.61% | $8,752.00 |
| Income 30k-48k | 12.17% | $9,643.00 |
| Income 48k-75k | 11.30% | $6,979.00 |
| Income 75k-110k | 4.35% | $3,574.00 |
| Income 110k + | 3.04% | $2,771.00 |
The table above displays undergrads who are getting Title IV aid, federal aid from the government including loans, grants or work-study. Learn more here.
229 Otero JC undergrads obtain grant aid (this is about 100% of the entire undergraduate student population). The average amount these students receive is $6,628.00.
Check out the Tuition and Fees page or the Cost Per Credit Hour page to find out more.
References
More about our data sources and methodologies.