by our College Data Analytics TeamThe majority of students are not billed 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 sum total of attendance at Pratt Community College can sound tremendous, but do not forget that almost all students get some type of financial help.
Just what financial assistance solutions will Pratt Community College provide, and just what are you going to be eligible for? Read on for answers. Keep reading to see just how much financial aid could be open 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 Pratt Community 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. Keep in mind that certain forms of assistance are more beneficial than others, and aid amounts differ from student to student.
At Pratt Community College, 87% of first-time, full-time freshmen received some form of financial aid (about 244 first-years).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 87% | $6,447 |
| Institutional grants & scholarships | 76% | $3,381 |
| Federal Pell grants | 38% | $5,506 |
| State/local grants | 13% | $7,386 |
| Federal student loans | 25% | $4,659 |
The best aid is gift aid: grants and scholarships that carry no repayment obligation. Here, approximately 60% of undergraduates were awarded grant or scholarship aid averaging $6,889 (for some 690 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 60% | $6,889 |
| Federal Pell grants | 23% | $4,897 |
| Federal student loans | 16% | $5,054 |
Among title-IV aid recipients living on campus, grant and scholarship aid averaged $10,049.
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 | $5,903 |
| $30,001 – $75,000 | $7,779 |
| Over $75,000 | $10,137 |
These figures reflect what title-IV aid recipients pay after grant and scholarship aid is applied.
The net price strips out grant and scholarship aid from the sticker price to show roughly what families really pay.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $9,731 |
| Off-campus title-IV students | $8,244 |
To project your own net price, use Pratt Community College’s official net price calculator: prattcc.edu/sites/default/files/Net-Price-Calculator/npcalc.htm.
A typical borrower at Pratt Community College leaves with $5,500 of cumulative federal debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $5,500 |
| Median federal debt (graduates only) | $6,500 |
| Typical 10-year monthly payment (graduates) | $68.91/mo |
Spreading the median graduate debt over a standard 10-year repayment schedule works out to roughly the monthly payment shown above.
The numbers below show the full range, not just the middle of the distribution. Use the percentiles below to see the debt range at Pratt Community College.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $1,886 |
| 25th percentile | $2,764 |
| 75th percentile | $7,493 |
| 90th percentile (highest-debt students) | $12,000 |
Median debt varies by family income, by first-generation status, and by dependency status.
Debt by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $5,500 |
| Middle income | $5,500 |
| High income | $5,500 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $5,500 |
| Continuing-generation students | $5,500 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,500 |
| Independent students | $4,500 |
The Department of Education computes summary indicators that describe debt outcomes at a glance. Pratt Community College.
The Stafford loan program is the largest source of federal direct loans to undergraduates. The aggregate figures below show how active the program is at Pratt Community College:
| Metric | Value |
|---|---|
| Stafford loan recipients | 4063 |
| Total Stafford loan amount | $25,570,145 |
Military-affiliated students can tap the Post-9/11 GI Bill and DoD Tuition Assistance.
Post-9/11 GI Bill recipients
| Metric | Value |
|---|---|
| GI Bill recipients | 6 |
| Total GI Bill amount | $25,948 |
| Average GI Bill amount per recipient | $4,325 |
References
More about our data sources and methodologies.