by our College Data Analytics TeamA large number of students are not billed the complete price tag of a school. Rather, they are presented a financial aid deal that includes a mix of loans, grants, scholarships, and possibly work-study opportunities. The total price of attendance at PC AGE - Jersey City can feel overpowering, but remember that the majority of students receive some sort of financial assistance.
What financial assistance options will PC AGE - Jersey City offer you, and what will you qualify for? Read on for more information. Keep reading to see just how much financial aid could be open to you.
Your financial aid package, which may contain grants and scholarships, will be determined on your financial need. Continue reading to find information to help you understand just how much assistance you can expect to receive from PC AGE - Jersey City.
Through a mix of loans, grants, work-study and scholarships, schools bring down the effective cost so more students can attend. Note that some aid is more valuable than the rest, and individual awards are far from uniform.
For freshmen starting at PC AGE - Jersey City, 52% of entering full-time freshmen got some type of financial assistance (about 52 freshmen).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 45% | $6,250 |
| Institutional grants & scholarships | 2% | $500 |
| Federal Pell grants | 45% | $6,227 |
| State/local grants | 0% | — |
| Federal student loans | 52% | $8,542 |
The best aid is gift aid: grants and scholarships that carry no repayment obligation. Here, roughly 46% of undergraduates were awarded grant or scholarship aid averaging $6,140 (for some 135 recipients).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 46% | $6,140 |
| Federal Pell grants | 39% | $6,389 |
| Federal student loans | 49% | $8,918 |
For on-campus title-IV students, average grant aid came to $5,408.
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 | $21,920 |
| $30,001 – $75,000 | $21,768 |
| Over $75,000 | $27,478 |
The numbers above are post-aid net prices, so they already account for grants and scholarships.
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 | $22,098 |
| Off-campus title-IV students | $22,327 |
To get a personalized net price estimate, try PC AGE - Jersey City’s net price tool: www.pcage.edu/wp-content/uploads/2017/calculator/npcalc.htm.
A typical borrower at PC AGE - Jersey City leaves with $11,618 of cumulative federal debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $11,618 |
| Median federal debt (graduates only) | $12,966 |
| Typical 10-year monthly payment (graduates) | $137.46/mo |
At a typical 10-year repayment schedule, the median graduate would pay about the monthly figure above.
Looking only at the median can be misleading because it hides the spread. Use the percentiles below to see the debt range at PC AGE - Jersey City.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,000 |
| 25th percentile | $5,500 |
| 75th percentile | $13,000 |
| 90th percentile (highest-debt students) | $13,000 |
How much a student borrows depends heavily on family income, first-gen status, and dependency.
Debt by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $11,666 |
| Middle income | $11,698 |
| High income | $8,232 |
First-Gen vs Continuing-Gen Median Debt
| Cohort | Median federal debt |
|---|---|
| First-generation students | $10,915 |
| Continuing-generation students | $12,950 |
Dependent vs Independent Students
| Cohort | Median federal debt |
|---|---|
| Dependent students | $7,632 |
| Independent students | $12,950 |
The figure below distills the debt data into a single burden category for PC AGE - Jersey City.
The Stafford loan program is the largest source of federal direct loans to undergraduates. Below is the annual Stafford program activity at PC AGE - Jersey City:
| Metric | Value |
|---|---|
| Stafford loan recipients | 2450 |
| Total Stafford loan amount | $23,388,889 |
If you are a veteran or active-duty service member, the GI Bill and DoD Tuition Assistance are the primary federal programs you can use at this school.
Post-9/11 GI Bill activity
| Metric | Value |
|---|---|
| GI Bill recipients | 19 |
| Total GI Bill amount | $264,698 |
| Average GI Bill amount per recipient | $13,931 |
References
More about our data sources and methodologies.