by our College Data Analytics TeamMany students are not billed the complete price tag of a school. Rather, they are presented a financial aid deal that includes a mix of loans, grants, scholarships, and possibly work-study opportunities. The price tag of going to Ridgewater College can appear overpowering, but remember that the majority of students obtain some kind of financial assistance.
What financing options does Ridgewater College offer you, and what will you qualify for? Keep scrolling for more information. Scroll down to find out what amount of financial assistance will be accessible to you.
The amount of financial aid you can receive varies from person to person and will depend on your family’s economic situation. Use the information below to understand how much financial assistance you may get from Ridgewater College.
Financial assistance, available as scholarships, loans, and work-study, is a way schools lower the price of attendance so many students can enroll. Keep in mind that certain forms of assistance are more beneficial than others, and aid amounts differ from student to student.
Looking at the entering class at Ridgewater College, 81% of first-time, full-time freshmen received some form of financial aid roughly 310 first-years).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 62% | $6,437 |
| Institutional grants & scholarships | 1% | $1,833 |
| Federal Pell grants | 47% | $5,311 |
| State/local grants | 54% | $2,209 |
| Federal student loans | 30% | $5,182 |
Grants and scholarships are the most valuable form of aid because, unlike loans, they never have to be repaid. At Ridgewater College, about 71% of undergraduates were awarded grant or scholarship aid averaging $5,063 (covering around 2015 undergraduates).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 71% | $5,063 |
| Federal Pell grants | 32% | $4,331 |
| Federal student loans | 25% | $6,130 |
For on-campus title-IV students, average grant aid came to $5,648.
Need-based aid means lower-income families typically pay far less than the sticker price suggests.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $8,739 |
| $30,001 – $75,000 | $10,100 |
| Over $75,000 | $14,924 |
Each figure is the net price after grants and scholarships, not the published sticker price.
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 | $10,046 |
| Off-campus title-IV students | $10,955 |
For a customized cost estimate, visit Ridgewater College’s net price tool: www.minnstate.edu/admissions/calculator/ridgewater.html.
The middle student in the debt distribution at Ridgewater College owes $9,196 in federal loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $9,196 |
| Median federal debt (graduates only) | $12,000 |
| Typical 10-year monthly payment (graduates) | $127.22/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 figures below chart the debt distribution at Ridgewater College.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,497 |
| 25th percentile | $4,500 |
| 75th percentile | $14,479 |
| 90th percentile (highest-debt students) | $23,898 |
Median debt varies by family income, by first-generation status, and by dependency status.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $9,500 |
| Middle income | $9,218 |
| High income | $8,000 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $9,000 |
| Continuing-generation students | $9,463 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $6,779 |
| Independent students | $10,500 |
The Department of Education computes summary indicators that describe debt outcomes at a glance. Ridgewater College.
The Stafford program is the federal direct-loan vehicle most undergraduates use. The totals below capture Stafford lending at Ridgewater College:
| Metric | Value |
|---|---|
| Stafford loan recipients | 12486 |
| Total Stafford loan amount | $145,028,381 |
Veterans and active-duty service members may qualify for the Post-9/11 GI Bill or DoD Tuition Assistance.
Post-9/11 GI Bill activity
| Metric | Value |
|---|---|
| GI Bill recipients | 36 |
| Total GI Bill amount | $141,217 |
| Average GI Bill amount per recipient | $3,923 |
Active-duty Tuition Assistance recipients
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 10 |
| Total DoD amount | $20,581 |
| Average DoD amount per recipient | $2,058 |
References
More about our data sources and methodologies.