by our College Data Analytics TeamMany students will not be asked to pay 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 price of attendance at Salt Lake Community College can feel tremendous, but do not forget that almost all students receive some sort of financial help.
What financial assistance options will Salt Lake Community College offer, and what will you qualify for? Read on for more information. Keep scrolling to discover just how much financial aid could be open to you.
How much aid you qualify for depends largely on your family’s financial circumstances. Use the information below to understand how much financial assistance you may get from Salt Lake Community College.
Financial assistance, available as scholarships, loans, and work-study, is a way schools lower the price of attendance so many students can enroll. However, some types of aid are more desirable than others, and some students will receive more than others.
Among first-time, full-time freshmen at Salt Lake Community College, 64% of the incoming full-time class was awarded financial aid roughly 1058 new students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 50% | $6,640 |
| Institutional grants & scholarships | 35% | $3,448 |
| Federal Pell grants | 35% | $5,685 |
| State/local grants | 6% | $2,049 |
| Federal student loans | 11% | $4,873 |
Gift aid — grants and scholarships — beats loans every time because none of it has to be repaid. At Salt Lake Community College, some 25% of undergraduates were awarded an average grant or scholarship of $4,641 (among about 6633 recipients).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 25% | $4,641 |
| Federal Pell grants | 17% | $4,309 |
| Federal student loans | 8% | $5,561 |
Among title-IV aid recipients living on campus, grant and scholarship aid averaged $4,613.
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 | $6,495 |
| $30,001 – $75,000 | $7,981 |
| Over $75,000 | $11,810 |
Each amount is the average cost remaining once grant aid is subtracted, by income band.
Net price is the cost remaining after grant and scholarship aid is subtracted from the sticker price, and it is the most useful single number for estimating real cost.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $9,804 |
| Off-campus title-IV students | $7,661 |
For a personalized estimate based on your family’s financial situation, use Salt Lake Community College’s net price calculator: www.slcc.edu/financialaid/net-price-calculator.aspx.
A typical borrower at Salt Lake Community College leaves with $4,408 in federal loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $4,408 |
| Median federal debt (graduates only) | $8,003 |
| Typical 10-year monthly payment (graduates) | $84.85/mo |
At a typical 10-year repayment schedule, the median graduate would pay about the monthly figure above.
The numbers below show the full range, not just the middle of the distribution. The percentiles below describe the cumulative federal debt distribution for borrowers at Salt Lake Community College.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $1,548 |
| 25th percentile | $2,042 |
| 75th percentile | $9,000 |
| 90th percentile (highest-debt students) | $16,000 |
The figures below break down median federal debt by income tier, first-generation status, and dependency.
Debt by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $4,500 |
| Middle income | $4,500 |
| High income | $3,500 |
First-Gen vs Continuing-Gen Median Debt
| Cohort | Median federal debt |
|---|---|
| First-generation students | $4,500 |
| Continuing-generation students | $3,946 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $3,500 |
| Independent students | $4,750 |
A handful of calculated indicators summarize the debt outlook at Salt Lake Community College.
Stafford loans are the federal government’s primary direct undergraduate lending program. The annual Stafford volume below reflects program activity at Salt Lake Community College:
| Metric | Value |
|---|---|
| Stafford loan recipients | 36680 |
| Total Stafford loan amount | $304,664,954 |
Veterans and active-duty service members may qualify for the Post-9/11 GI Bill or DoD Tuition Assistance.
GI Bill volume
| Metric | Value |
|---|---|
| GI Bill recipients | 429 |
| Total GI Bill amount | $1,747,285 |
| Average GI Bill amount per recipient | $4,073 |
DoD Tuition Assistance activity
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 37 |
| Total DoD amount | $65,756 |
| Average DoD amount per recipient | $1,777 |
References
More about our data sources and methodologies.