by our College Data Analytics TeamA large number 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 total cost of going to Palomar College can seem overwhelming, but bear in mind that many students are given some form of financial aid.
What financial aid options can Palomar College offer, and what will you qualify for? Keep reading for more information. Keep scrolling to find out what amount of financial assistance will be accessible to you.
Eligibility for aid and scholarships is driven mostly by your household’s income and need. Read on to get a sense of the financial assistance available at Palomar College.
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.
Looking at the entering class at Palomar College, 82% of new full-time first-years were awarded at least some aid roughly 1569 students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 81% | $4,972 |
| Institutional grants & scholarships | 0% | — |
| Federal Pell grants | 40% | $5,629 |
| State/local grants | 80% | $2,090 |
| Federal student loans | 1% | $4,722 |
Gift aid — grants and scholarships — beats loans every time because none of it has to be repaid. Across the undergraduate body at Palomar College, roughly 45% of undergrads got grants or scholarships worth on average $3,553 (for some 8481 awardees).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 45% | $3,553 |
| Federal Pell grants | 18% | $4,445 |
| Federal student loans | 1% | $6,686 |
Among title-IV aid recipients living on campus, grant and scholarship aid averaged $8,597.
Because need-based aid scales with family income, what students actually pay differs sharply across income brackets.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $4,235 |
| $30,001 – $75,000 | $6,008 |
| Over $75,000 | $10,283 |
The numbers above are post-aid net prices, so they already account for grants and scholarships.
Net price is the cost remaining after grant and scholarship aid is subtracted from the sticker price, and it is the most useful single number for estimating real cost.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $5,763 |
| Off-campus title-IV students | $5,247 |
To get a personalized net price estimate, try Palomar College’s net price calculator: misweb.cccco.edu/npc/061/npcalc.htm.
The middle student in the debt distribution at Palomar College owes $3,500 of federal borrowing.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $3,500 |
The median alone does not show how widely outcomes vary across the student body. Use the percentiles below to see the debt range at Palomar College.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $1,543 |
| 25th percentile | $2,250 |
| 75th percentile | $6,030 |
| 90th percentile (highest-debt students) | $11,340 |
The figures below break down median federal debt by income tier, first-generation status, and dependency.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $4,000 |
| Middle income | $3,500 |
| High income | $3,500 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $3,500 |
| Continuing-generation students | $3,500 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $3,500 |
| Independent students | $4,500 |
A handful of calculated indicators summarize the debt outlook at Palomar College.
The Stafford program is the federal direct-loan vehicle most undergraduates use. The totals below capture Stafford lending at Palomar College:
| Metric | Value |
|---|---|
| Stafford loan recipients | 3627 |
| Total Stafford loan amount | $23,154,818 |
Military-affiliated students can tap the Post-9/11 GI Bill and DoD Tuition Assistance.
GI Bill volume
| Metric | Value |
|---|---|
| GI Bill recipients | 0 |
| Total GI Bill amount | $0 |
Active-duty Tuition Assistance recipients
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 0 |
| Total DoD amount | $0 |
References
More about our data sources and methodologies.