by our College Data Analytics TeamMost 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 sum total of attendance at Salem Community College can sound overpowering, but remember that the majority of students get some type of financial assistance.
What financial aid options can Salem County College offer you, and what will you qualify for? Keep reading for more information. Keep going to learn 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. Continue reading to find information to help you understand just how much assistance you can expect to receive from Salem Community College.
Aid such as grants, loans, work-study, and scholarships helps colleges decrease the real cost of attendance for most students. 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 Salem Community College, 72% of first-time, full-time freshmen received some form of financial aid some 133 first-years).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 63% | $6,792 |
| Institutional grants & scholarships | 1% | $2,870 |
| Federal Pell grants | 55% | $5,803 |
| State/local grants | 36% | $2,705 |
| Federal student loans | 11% | $5,093 |
Because grants and scholarships do not have to be repaid, they are the most sought-after type of financial aid. At this school, about 50% of undergraduates were awarded grant or scholarship aid averaging $5,706 (among about 544 recipients).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 50% | $5,706 |
| Federal Pell grants | 40% | $4,729 |
| Federal student loans | 12% | $6,282 |
For on-campus title-IV students, average grant aid came to $7,041.
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 | $8,139 |
| $30,001 – $75,000 | $8,381 |
| Over $75,000 | $16,295 |
Remember these are net prices — what families pay after gift aid, not before.
Net price is the average annual cost after grants and scholarships are subtracted from the published cost of attendance — the figure closest to what a typical aid-receiving student actually pays.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $10,816 |
| Off-campus title-IV students | $9,837 |
For a customized cost estimate, visit Salem County College’s online cost calculator: www.salemcc.edu/netpricecalculator/.
The median student at Salem County College graduates with $8,250 of cumulative federal debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $8,250 |
| Median federal debt (graduates only) | $9,500 |
| Typical 10-year monthly payment (graduates) | $100.72/mo |
At a typical 10-year repayment schedule, the median graduate would pay about the monthly figure above.
A single median figure conceals how much debt outcomes differ student to student. These percentiles trace how cumulative federal debt is spread among borrowers at Salem County College.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,403 |
| 25th percentile | $4,500 |
| 75th percentile | $13,500 |
| 90th percentile (highest-debt students) | $21,000 |
How much a student borrows depends heavily on family income, first-gen status, and dependency.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $8,521 |
| Middle income | $6,400 |
| High income | $8,966 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $8,300 |
| Continuing-generation students | $6,625 |
Dependent vs Independent Students
| Cohort | Median federal debt |
|---|---|
| Dependent students | $6,500 |
| Independent students | $9,500 |
The Department of Education computes summary indicators that describe debt outcomes at a glance. Salem County College.
Stafford loans make up the bulk of federal direct lending to undergraduates. The annual Stafford volume below reflects program activity at Salem County College:
| Metric | Value |
|---|---|
| Stafford loan recipients | 1622 |
| Total Stafford loan amount | $16,450,439 |
Military-affiliated students can tap the Post-9/11 GI Bill and DoD Tuition Assistance.
Post-9/11 GI Bill recipients
| Metric | Value |
|---|---|
| GI Bill recipients | 7 |
| Total GI Bill amount | $29,363 |
| Average GI Bill amount per recipient | $4,195 |
References
More about our data sources and methodologies.