by our College Data Analytics TeamMost students will never be charged 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 price of attendance at Peninsula College can feel overpowering, but remember that the majority of students receive some sort of financial assistance.
Just what financial aid solutions can Peninsula College deliver, and just what are you going to be eligible for? Keep reading for answers. Keep going to see just how much financial aid could be open to you.
Eligibility for aid and scholarships is driven mostly by your household’s income and need. Use the information below to understand how much financial assistance you may get from Peninsula 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. Some kinds of aid are clearly preferable to others, and outcomes differ across students.
Looking at the entering class at Peninsula College, 93% of the incoming full-time class was awarded financial aid roughly 149 first-years).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 79% | $7,157 |
| Institutional grants & scholarships | 31% | $2,053 |
| Federal Pell grants | 51% | $5,095 |
| State/local grants | 58% | $4,134 |
| Federal student loans | 9% | $4,982 |
Because grants and scholarships do not have to be repaid, they are the most sought-after type of financial aid. Here, approximately 50% of undergraduate students received gift aid averaging $8,720 (for some 922 awardees).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 50% | $8,720 |
| Federal Pell grants | 32% | $4,909 |
| Federal student loans | 7% | $7,173 |
Title-IV recipients living on campus saw average grant aid of $9,268.
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 | $2,922 |
| $30,001 – $75,000 | $4,924 |
| Over $75,000 | $12,595 |
Each amount is the average cost remaining once grant aid is subtracted, by income band.
After grants and scholarships come off the published price, what remains is the net price — the best estimate of true out-of-pocket cost.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $9,246 |
| Off-campus title-IV students | $4,529 |
For a customized cost estimate, visit Peninsula College’s net price tool: www.pencol.edu/financial/net-price-calculator.
The median federal debt load at Peninsula College comes to $9,000 of federal student loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $9,000 |
| Median federal debt (graduates only) | $15,786 |
| Typical 10-year monthly payment (graduates) | $167.36/mo |
At a typical 10-year repayment schedule, the median graduate would pay about the monthly figure above.
Percentiles reveal the spread — half of all borrowers fall between the 25th and 75th percentiles. The four reference points below map the debt distribution at Peninsula College.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $1,750 |
| 25th percentile | $3,167 |
| 75th percentile | $17,970 |
| 90th percentile (highest-debt students) | $29,231 |
Outcomes differ by income bracket, by first-generation status, and by whether a student is financially dependent.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $9,502 |
| Middle income | $8,345 |
| High income | $5,500 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $9,000 |
| Continuing-generation students | $6,733 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,500 |
| Independent students | $10,500 |
The Department of Education computes summary indicators that describe debt outcomes at a glance. Peninsula College.
Stafford loans are the federal government’s primary direct undergraduate lending program. The aggregate figures below show how active the program is at Peninsula College:
| Metric | Value |
|---|---|
| Stafford loan recipients | 3498 |
| Total Stafford loan amount | $47,022,905 |
Military-affiliated students can tap the Post-9/11 GI Bill and DoD Tuition Assistance.
GI Bill volume
| Metric | Value |
|---|---|
| GI Bill recipients | 26 |
| Total GI Bill amount | $95,631 |
| Average GI Bill amount per recipient | $3,678 |
DoD Tuition Assistance activity
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 0 |
| Total DoD amount | $0 |
References
More about our data sources and methodologies.