by our College Data Analytics TeamMany students are not billed the advertised price of a school. Instead, they will be provided a financial aid package that will include a combination of scholarships, grants, loans, and work-study. The total cost of going to Owens Community College can seem overwhelming, but bear in mind that many students are given some form of financial aid.
What financial aid options can Owens State Community College offer, and what will you qualify for? Keep reading for more information. Read on to find out just how much financial aid will be open to you.
The amount of financial aid and scholarships you are eligible for will vary depending on your family’s income. Read on to get a sense of the financial assistance available at Owens Community College.
Through a mix of loans, grants, work-study and scholarships, schools bring down the effective cost so more students can attend. Keep in mind that certain forms of assistance are more beneficial than others, and aid amounts differ from student to student.
Looking at the entering class at Owens Community College, 81% of first-year full-time students received aid of some kind (about 474 first-years).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 62% | $4,779 |
| Institutional grants & scholarships | 27% | $2,715 |
| Federal Pell grants | 43% | $4,928 |
| State/local grants | 2% | $3,064 |
| Federal student loans | 42% | $5,011 |
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 Owens State Community College, roughly 28% of undergraduates were awarded an average grant or scholarship of $4,325 (for some 2173 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 28% | $4,325 |
| Federal Pell grants | 22% | $4,320 |
| Federal student loans | 23% | $5,999 |
For students living on campus and receiving title-IV aid, grants averaged $4,067.
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 | $8,468 |
| $30,001 – $75,000 | $9,672 |
| Over $75,000 | $12,917 |
Remember these are net prices — what families pay after gift aid, not before.
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 | $10,369 |
| Off-campus title-IV students | $10,202 |
To project your own net price, use Owens State Community College’s net price calculator: www.owens.edu/calculator/npcalc.htm.
A typical borrower at Owens State Community College leaves with $8,731 of federal student loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $8,731 |
| Median federal debt (graduates only) | $16,667 |
| Typical 10-year monthly payment (graduates) | $176.7/mo |
Under a standard ten-year plan, the median graduate’s monthly payment lands near the figure 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 Owens State Community College.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $1,750 |
| 25th percentile | $3,300 |
| 75th percentile | $15,297 |
| 90th percentile (highest-debt students) | $28,001 |
Outcomes differ by income bracket, by first-generation status, and by whether a student is financially dependent.
Debt by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $8,939 |
| Middle income | $8,749 |
| High income | $8,250 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $8,750 |
| Continuing-generation students | $8,500 |
Dependent vs Independent Students
| Cohort | Median federal debt |
|---|---|
| Dependent students | $6,581 |
| Independent students | $10,194 |
A handful of calculated indicators summarize the debt outlook at Owens State Community College.
The Stafford program is the federal direct-loan vehicle most undergraduates use. The annual Stafford volume below reflects program activity at Owens State Community College:
| Metric | Value |
|---|---|
| Stafford loan recipients | 50318 |
| Total Stafford loan amount | $742,912,308 |
Military-affiliated students can tap the Post-9/11 GI Bill and DoD Tuition Assistance.
GI Bill volume
| Metric | Value |
|---|---|
| GI Bill recipients | 95 |
| Total GI Bill amount | $395,457 |
| Average GI Bill amount per recipient | $4,163 |
DoD program volume
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 24 |
| Total DoD amount | $81,558 |
| Average DoD amount per recipient | $3,398 |
References
More about our data sources and methodologies.