by our College Data Analytics TeamA lot 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 Rowan-Cabarrus Community College can sound tremendous, but do not forget that almost all students get some type of financial help.
What financial aid options can Rowan-Cabarrus Community College offer, and what will you qualify for? Keep reading for more information. Keep going to find out just how much financial aid will 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 Rowan-Cabarrus Community College.
Colleges use loans, grants, scholarships and work-study to minimize what students actually pay out of pocket. Bear in mind that not all aid is equal, and the amount any one student receives can vary widely.
Among first-time, full-time freshmen at Rowan-Cabarrus Community College, 70% of entering full-time freshmen got some type of financial assistance some 294 first-years).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 69% | $7,417 |
| Institutional grants & scholarships | 17% | $1,236 |
| Federal Pell grants | 52% | $8,688 |
| State/local grants | 21% | $1,741 |
| Federal student loans | 0% | — |
Grants and scholarships are the most valuable form of aid because, unlike loans, they never have to be repaid. Across the undergraduate body at Rowan-Cabarrus Community College, roughly 39% of the undergraduate population received grant aid that averaged $7,351 (across approximately 2704 awardees).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 39% | $7,351 |
| Federal Pell grants | 28% | $8,813 |
| Federal student loans | 0% | — |
For on-campus title-IV students, average grant aid came to $9,357.
The figures below show the average net price — cost after all grant and scholarship aid — broken out by family income.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $4,303 |
| $30,001 – $75,000 | $5,466 |
| Over $75,000 | $6,669 |
The numbers above are post-aid net prices, so they already account for grants and scholarships.
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 | $7,981 |
| Off-campus title-IV students | $4,842 |
To get a personalized net price estimate, try Rowan-Cabarrus Community College’s NPC: www.rccc.edu/financialaid/net-price-calculator/.
The median student at Rowan-Cabarrus Community College graduates with $8,457 in federal loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $8,457 |
| Median federal debt (graduates only) | $9,458 |
| Typical 10-year monthly payment (graduates) | $100.27/mo |
Under a standard ten-year plan, the median graduate’s monthly payment lands near the figure above.
A single median figure conceals how much debt outcomes differ student to student. Use the percentiles below to see the debt range at Rowan-Cabarrus Community College.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,000 |
| 25th percentile | $3,675 |
| 75th percentile | $13,200 |
| 90th percentile (highest-debt students) | $19,000 |
Outcomes differ by income bracket, by first-generation status, and by whether a student is financially dependent.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $9,408 |
| Middle income | $8,211 |
| High income | $3,670 |
First-Gen vs Continuing-Gen Median Debt
| Cohort | Median federal debt |
|---|---|
| First-generation students | $9,008 |
| Continuing-generation students | $8,250 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $4,048 |
| Independent students | $9,503 |
The figure below distills the debt data into a single burden category for Rowan-Cabarrus Community College.
Stafford loans are the federal government’s primary direct undergraduate lending program. The annual Stafford volume below reflects program activity at Rowan-Cabarrus Community College:
| Metric | Value |
|---|---|
| Stafford loan recipients | 4482 |
| Total Stafford loan amount | $49,585,465 |
Military-affiliated students can tap the Post-9/11 GI Bill and DoD Tuition Assistance.
GI Bill volume
| Metric | Value |
|---|---|
| GI Bill recipients | 72 |
| Total GI Bill amount | $88,647 |
| Average GI Bill amount per recipient | $1,231 |
DoD program volume
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 3 |
| Total DoD amount | $2,204 |
| Average DoD amount per recipient | $735 |
References
More about our data sources and methodologies.