by our College Data Analytics TeamA large number of 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 cost of going to Roanoke College can seem overpowering, but remember that the majority of students are given some form of financial assistance.
Just what financial assistance solutions will Roanoke deliver, and just what are you going to be eligible for? Read on for answers. Keep scrolling to see what amount of financial assistance could be accessible to you.
Eligibility for aid and scholarships is driven mostly by your household’s income and need. Read on to get a sense of the financial assistance available at Roanoke 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. However, some types of aid are more desirable than others, and some students will receive more than others.
At Roanoke College, 100% of first-time, full-time freshmen received some form of financial aid some 531 first-years).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 100% | $28,188 |
| Institutional grants & scholarships | 100% | $23,835 |
| Federal Pell grants | 27% | $5,936 |
| State/local grants | 52% | $5,000 |
| Federal student loans | 86% | $5,821 |
Gift aid — grants and scholarships — beats loans every time because none of it has to be repaid. At this school, around 98% of undergrads got grants or scholarships worth on average $25,984 (covering around 1791 recipients).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 98% | $25,984 |
| Federal Pell grants | 24% | $5,664 |
| Federal student loans | 80% | $6,877 |
On-campus students receiving title-IV aid were awarded grants averaging $29,780.
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 | $19,925 |
| $30,001 – $75,000 | $22,069 |
| Over $75,000 | $31,309 |
Each amount is the average cost remaining once grant aid is subtracted, by income band.
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 | $24,503 |
| Off-campus title-IV students | $27,786 |
For a customized cost estimate, visit Roanoke’s official net price calculator: admapp.roanoke.edu/netcalc.
The middle student in the debt distribution at Roanoke owes $22,313 in federal student debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $22,313 |
| Median federal debt (graduates only) | $27,000 |
| Typical 10-year monthly payment (graduates) | $286.24/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 Roanoke.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $5,500 |
| 25th percentile | $12,000 |
| 75th percentile | $28,000 |
| 90th percentile (highest-debt students) | $35,000 |
Debt outcomes are not uniform — they shift with income, first-generation status, and dependency.
Debt by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $23,250 |
| Middle income | $21,625 |
| High income | $22,250 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $21,967 |
| Continuing-generation students | $23,250 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $22,313 |
| Independent students | $22,076 |
The figure below distills the debt data into a single burden category for Roanoke.
The Stafford program is the federal direct-loan vehicle most undergraduates use. Below is the annual Stafford program activity at Roanoke:
| Metric | Value |
|---|---|
| Stafford loan recipients | 6724 |
| Total Stafford loan amount | $115,942,252 |
GI Bill and DoD Tuition Assistance are the two federal aid programs targeted at military-affiliated students.
GI Bill volume
| Metric | Value |
|---|---|
| GI Bill recipients | 60 |
| Total GI Bill amount | $928,345 |
| Average GI Bill amount per recipient | $15,472 |
References
More about our data sources and methodologies.