by our College Data Analytics TeamMost students will never be charged 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 total price of attendance at Roane State Community College can feel overpowering, but remember that the majority of students receive some sort of financial assistance.
What financial aid options can Roane State Community College offer you, and what will you qualify for? Keep reading for more information. Keep going to discover what amount of financial assistance could be accessible to you.
The amount of financial aid and scholarships you are eligible for will vary depending on your family’s income. Read on to get a sense of the financial assistance available at Roane State 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. Some kinds of aid are clearly preferable to others, and outcomes differ across students.
For incoming first-year students at Roane State Community College, 96% of first-time, full-time freshmen received some form of financial aid around 918 freshmen).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 96% | $7,437 |
| Institutional grants & scholarships | 13% | $4,648 |
| Federal Pell grants | 51% | $5,334 |
| State/local grants | 91% | $4,118 |
| Federal student loans | 2% | $5,654 |
Unlike loans, grants and scholarships are gift aid that does not need to be paid back, making them the most desirable form of assistance. At Roane State Community College, around 85% of the undergraduate population received grant aid that averaged $4,407 (covering around 4113 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 85% | $4,407 |
| Federal Pell grants | 27% | $4,786 |
| Federal student loans | 4% | $5,702 |
For on-campus title-IV students, average grant aid came to $9,127.
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 | $5,144 |
| $30,001 – $75,000 | $7,032 |
| Over $75,000 | $9,405 |
These figures reflect what title-IV aid recipients pay after grant and scholarship aid is applied.
The net price represents the average annual cost a title-IV-receiving student pays after grant aid is subtracted from the full cost of attendance.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $4,270 |
| Off-campus title-IV students | $6,017 |
To project your own net price, use Roane State Community College’s net price tool: www.roanestate.edu/pages/fa/netPriceCalculator/2023b/index.html.
Graduating students at Roane State Community College carry a median federal student debt of $6,426 in federal loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $6,426 |
| Median federal debt (graduates only) | $8,454 |
| Typical 10-year monthly payment (graduates) | $89.63/mo |
Under a standard ten-year plan, the median graduate’s monthly payment lands near the figure above.
The numbers below show the full range, not just the middle of the distribution. The four reference points below map the debt distribution at Roane State Community College.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $1,810 |
| 25th percentile | $3,255 |
| 75th percentile | $12,474 |
| 90th percentile (highest-debt students) | $20,848 |
Outcomes differ by income bracket, by first-generation status, and by whether a student is financially dependent.
Debt by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $6,636 |
| Middle income | $6,728 |
| High income | $5,500 |
First-Gen vs Continuing-Gen Median Debt
| Cohort | Median federal debt |
|---|---|
| First-generation students | $6,500 |
| Continuing-generation students | $5,565 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,500 |
| Independent students | $7,904 |
The Department of Education computes summary indicators that describe debt outcomes at a glance. Roane State Community College.
Most undergraduate borrowing runs through the federal Stafford loan program. The aggregate figures below show how active the program is at Roane State Community College:
| Metric | Value |
|---|---|
| Stafford loan recipients | 8480 |
| Total Stafford loan amount | $86,776,512 |
GI Bill and DoD Tuition Assistance are the two federal aid programs targeted at military-affiliated students.
Post-9/11 GI Bill activity
| Metric | Value |
|---|---|
| GI Bill recipients | 65 |
| Total GI Bill amount | $114,153 |
| Average GI Bill amount per recipient | $1,756 |
Active-duty Tuition Assistance recipients
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 5 |
| Total DoD amount | $3,185 |
| Average DoD amount per recipient | $637 |
References
More about our data sources and methodologies.