by our College Data Analytics TeamA lot of 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 total cost of going to Reedley College can seem tremendous, but do not forget that almost all students are given some form of financial help.
Just what financial aid solutions can Reedley College deliver, and just what are you going to be eligible for? Keep reading for answers. Read on to see just how much financial aid could be open to you.
The amount of financial aid you can receive varies from person to person and will depend on your family’s economic situation. Read on to get a sense of the financial assistance available at Reedley 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.
At Reedley College, 95% of entering full-time freshmen got some type of financial assistance roughly 482 students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 94% | $7,561 |
| Institutional grants & scholarships | 4% | $809 |
| Federal Pell grants | 66% | $6,460 |
| State/local grants | 93% | $2,839 |
| Federal student loans | 2% | $3,987 |
The best aid is gift aid: grants and scholarships that carry no repayment obligation. At this school, approximately 62% of undergrads got grants or scholarships worth on average $4,565 (for some 5038 awardees).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 62% | $4,565 |
| Federal Pell grants | 27% | $5,318 |
| Federal student loans | 1% | $4,616 |
Among title-IV aid recipients living on campus, grant and scholarship aid averaged $10,067.
How much a family pays depends heavily on income, because most aid is awarded on the basis of financial need.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $747 |
| $30,001 – $75,000 | $2,320 |
| Over $75,000 | $7,727 |
These figures reflect what title-IV aid recipients pay after grant and scholarship aid is applied.
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 | $6,814 |
| Off-campus title-IV students | $1,404 |
For a personalized estimate based on your family’s financial situation, use Reedley College’s net price calculator: misweb.cccco.edu/npc/572/npcalc.htm.
The median student at Reedley College graduates with $3,500 of cumulative federal debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $3,500 |
| Median federal debt (graduates only) | $2,819 |
| Typical 10-year monthly payment (graduates) | $29.89/mo |
At a typical 10-year repayment schedule, the median graduate would pay about the monthly figure above.
The median alone does not show how widely outcomes vary across the student body. The four reference points below map the debt distribution at Reedley College.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $1,500 |
| 25th percentile | $1,900 |
| 75th percentile | $3,722 |
| 90th percentile (highest-debt students) | $6,250 |
How much a student borrows depends heavily on family income, first-gen 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 |
Dependent vs Independent Students
| Cohort | Median federal debt |
|---|---|
| Dependent students | $3,500 |
| Independent students | $4,500 |
These indicators are derived from the underlying debt data and summarize the overall picture at Reedley College.
Stafford loans make up the bulk of federal direct lending to undergraduates. The totals below capture Stafford lending at Reedley College:
| Metric | Value |
|---|---|
| Stafford loan recipients | 3226 |
| Total Stafford loan amount | $14,678,613 |
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 | 0 |
| Total GI Bill amount | $0 |
DoD program volume
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 0 |
| Total DoD amount | $0 |
References
More about our data sources and methodologies.