by our College Data Analytics TeamThe majority of students will not be asked to pay 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 Salish Kootenai College can sound overpowering, but remember that the majority of students get some type of financial assistance.
Just what financing solutions does SKC provide, and just what are you going to be eligible for? Keep scrolling for answers. Read on to see how much school funding could be available to you.
Your financial aid package, which may contain grants and scholarships, will be determined on your financial need. The figures below will help you estimate the aid you might receive from Salish Kootenai College.
Colleges use loans, grants, scholarships and work-study to minimize what students actually pay out of pocket. 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 Salish Kootenai College, 68% of first-year full-time students received aid of some kind approximately 51 incoming students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 68% | $6,621 |
| Institutional grants & scholarships | 60% | $2,097 |
| Federal Pell grants | 60% | $5,250 |
| State/local grants | 3% | $1,500 |
| Federal student loans | 3% | $5,253 |
Gift aid — grants and scholarships — beats loans every time because none of it has to be repaid. At SKC, about 73% of undergraduates were awarded an average grant or scholarship of $8,426 (covering around 467 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 73% | $8,426 |
| Federal Pell grants | 58% | $5,261 |
| Federal student loans | 16% | $5,144 |
Among title-IV aid recipients living on campus, grant and scholarship aid averaged $5,102.
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 | $8,532 |
| $30,001 – $75,000 | $9,431 |
| Over $75,000 | $11,987 |
Each figure is the net price after grants and scholarships, not the published sticker price.
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 | $7,945 |
| Off-campus title-IV students | $9,002 |
For a customized cost estimate, visit SKC’s NPC: netprice.skc.edu/.
The middle student in the debt distribution at SKC owes $8,450 in federal student debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $8,450 |
| Median federal debt (graduates only) | $12,923 |
| Typical 10-year monthly payment (graduates) | $137.01/mo |
That monthly figure reflects the median graduate debt repaid on a standard 10-year federal schedule.
Looking only at the median can be misleading because it hides the spread. These percentiles trace how cumulative federal debt is spread among borrowers at SKC.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $1,978 |
| 25th percentile | $3,500 |
| 75th percentile | $14,193 |
| 90th percentile (highest-debt students) | $21,167 |
Outcomes differ by income bracket, by first-generation status, and by whether a student is financially dependent.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $8,246 |
First-Gen vs Continuing-Gen Median Debt
| Cohort | Median federal debt |
|---|---|
| First-generation students | $8,893 |
| Continuing-generation students | $7,000 |
Dependent vs Independent Students
| Cohort | Median federal debt |
|---|---|
| Dependent students | $8,225 |
| Independent students | $8,700 |
The figure below distills the debt data into a single burden category for SKC.
The Stafford loan program is the largest source of federal direct loans to undergraduates. These figures summarize annual Stafford program activity at SKC:
| Metric | Value |
|---|---|
| Stafford loan recipients | 2294 |
| Total Stafford loan amount | $23,859,760 |
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 | 4 |
| Total GI Bill amount | $9,635 |
| Average GI Bill amount per recipient | $2,409 |
References
More about our data sources and methodologies.