by our College Data Analytics TeamMany 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 price tag of going to Peirce College can appear overwhelming, but bear in mind that many students obtain some kind of financial aid.
What financial assistance options will Peirce offer you, and what will you qualify for? Read on for more information. Keep going 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. Use the information below to understand how much financial assistance you may get from Peirce College.
Financial 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. However, some types of aid are more desirable than others, and some students will receive more than others.
For freshmen starting at Peirce College, 100% of entering full-time freshmen got some type of financial assistance around 3 students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 100% | $5,370 |
| Institutional grants & scholarships | 100% | $1,360 |
| Federal Pell grants | 67% | $2,965 |
| State/local grants | 33% | $5,260 |
| Federal student loans | 33% | $5,500 |
Grants and scholarships are the most valuable form of aid because, unlike loans, they never have to be repaid. At Peirce, about 81% of undergraduates were awarded grant or scholarship aid averaging $6,101 (among about 640 awardees).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 81% | $6,101 |
| Federal Pell grants | 53% | $4,070 |
| Federal student loans | 62% | $10,283 |
For students living on campus and receiving title-IV aid, grants averaged $6,512.
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 | $12,905 |
| $30,001 – $75,000 | $15,432 |
Each amount is the average cost remaining once grant aid is subtracted, by income band.
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 | $12,148 |
| Off-campus title-IV students | $12,905 |
For an estimate tailored to your family circumstances, see Peirce’s net price calculator: npc.collegeboard.org/app/peirce.
The median student at Peirce graduates with $21,875 of cumulative federal debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $21,875 |
| Median federal debt (graduates only) | $31,250 |
| Typical 10-year monthly payment (graduates) | $331.3/mo |
The 10-year payment estimate assumes a standard federal repayment plan and the median graduate debt amount.
Percentiles reveal the spread — half of all borrowers fall between the 25th and 75th percentiles. The percentiles below describe the cumulative federal debt distribution for borrowers at Peirce.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,500 |
| 25th percentile | $6,375 |
| 75th percentile | $33,625 |
| 90th percentile (highest-debt students) | $48,750 |
Median debt varies by family income, by first-generation status, and by dependency status.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $20,911 |
| Middle income | $23,024 |
| High income | $21,995 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $21,875 |
| Continuing-generation students | $21,875 |
Dependent vs Independent Students
| Cohort | Median federal debt |
|---|---|
| Dependent students | $21,631 |
| Independent students | $21,999 |
The Department of Education computes summary indicators that describe debt outcomes at a glance. Peirce.
Most undergraduate borrowing runs through the federal Stafford loan program. The aggregate figures below show how active the program is at Peirce:
| Metric | Value |
|---|---|
| Stafford loan recipients | 11710 |
| Total Stafford loan amount | $292,347,633 |
Military-affiliated students can tap the Post-9/11 GI Bill and DoD Tuition Assistance.
Post-9/11 GI Bill activity
| Metric | Value |
|---|---|
| GI Bill recipients | 20 |
| Total GI Bill amount | $148,528 |
| Average GI Bill amount per recipient | $7,426 |
DoD program volume
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 3 |
| Total DoD amount | $10,000 |
| Average DoD amount per recipient | $3,333 |
References
More about our data sources and methodologies.