by our College Data Analytics TeamA lot 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 Peloton College can seem tremendous, but do not forget that almost all students are given some form of financial help.
Just what financial assistance solutions will Peloton College provide, and just what are you going to be eligible for? Read on for answers. Keep going to find out what amount of financial assistance will be accessible to you.
How much aid you qualify for depends largely on your family’s financial circumstances. Continue reading to find information to help you understand just how much assistance you can expect to receive from Peloton 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. Bear in mind that not all aid is equal, and the amount any one student receives can vary widely.
Looking at the entering class at Peloton College, 96% of first-year full-time students received aid of some kind some 82 incoming students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 88% | $4,698 |
| Institutional grants & scholarships | 8% | $714 |
| Federal Pell grants | 88% | $4,524 |
| State/local grants | 2% | $4,000 |
| Federal student loans | 84% | $6,518 |
Grants and scholarships are the most valuable form of aid because, unlike loans, they never have to be repaid. At this school, approximately 74% of the undergraduate population received grant aid that averaged $4,933 (covering around 85 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 74% | $4,933 |
| Federal Pell grants | 74% | $4,096 |
| Federal student loans | 71% | $5,759 |
For students living on campus and receiving title-IV aid, grants averaged $5,439.
Need-based aid means lower-income families typically pay far less than the sticker price suggests.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $17,012 |
| $30,001 – $75,000 | $18,067 |
| Over $75,000 | $20,764 |
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 | $17,046 |
| Off-campus title-IV students | $17,372 |
To get a personalized net price estimate, try Peloton College’s net price calculator: pelotoncollege.edu/netpricecalculator.html.
The middle student in the debt distribution at Peloton College owes $9,500 of federal borrowing.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $9,500 |
| Median federal debt (graduates only) | $9,500 |
| Typical 10-year monthly payment (graduates) | $100.72/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. The four reference points below map the debt distribution at Peloton College.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $1,382 |
| 25th percentile | $4,089 |
| 75th percentile | $9,500 |
| 90th percentile (highest-debt students) | $13,000 |
The figures below break down median federal debt by income tier, first-generation status, and dependency.
Debt by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $9,500 |
First-Gen vs Continuing-Gen Median Debt
| Cohort | Median federal debt |
|---|---|
| First-generation students | $9,500 |
| Continuing-generation students | $9,500 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $7,740 |
| Independent students | $9,500 |
These indicators are derived from the underlying debt data and summarize the overall picture at Peloton College.
Stafford loans are the federal government’s primary direct undergraduate lending program. Below is the annual Stafford program activity at Peloton College:
| Metric | Value |
|---|---|
| Stafford loan recipients | 1434 |
| Total Stafford loan amount | $11,916,831 |
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 | 5 |
| Total GI Bill amount | $53,370 |
| Average GI Bill amount per recipient | $10,674 |
References
More about our data sources and methodologies.