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 total cost of going to Santa Fe College can seem overpowering, but remember that the majority of students are given some form of financial assistance.
What financial assistance options will Santa Fe College offer you, and what will you qualify for? Read on for more information. Read on to see what amount of financial assistance could be accessible to you.
The amount of financial aid you can receive varies from person to person and will depend on your family’s economic situation. Use the information below to understand how much financial assistance you may get from Santa Fe College.
Colleges use loans, grants, scholarships and work-study to minimize what students actually pay out of pocket. Note that some aid is more valuable than the rest, and individual awards are far from uniform.
For incoming first-year students at Santa Fe College, 68% of first-time, full-time freshmen received some form of financial aid roughly 754 freshmen).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 64% | $2,602 |
| Institutional grants & scholarships | 10% | $1,519 |
| Federal Pell grants | 34% | $2,814 |
| State/local grants | 38% | $1,391 |
| Federal student loans | 12% | $2,107 |
Gift aid — grants and scholarships — beats loans every time because none of it has to be repaid. Here, approximately 40% of undergraduates were awarded grant or scholarship aid averaging $2,552 (among about 4995 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 40% | $2,552 |
| Federal Pell grants | 28% | $2,325 |
| Federal student loans | 11% | $2,604 |
For students living on campus and receiving title-IV aid, grants averaged $3,067.
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 | $10,399 |
| $30,001 – $75,000 | $11,285 |
| Over $75,000 | $13,500 |
These figures reflect what title-IV aid recipients pay after grant and scholarship aid is applied.
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 | $11,098 |
| Off-campus title-IV students | $11,154 |
For a personalized estimate based on your family’s financial situation, use Santa Fe College’s NPC: www.sfcollege.edu/fa/get/netprice/.
A typical borrower at Santa Fe College leaves with $7,125 of federal student loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $7,125 |
| Median federal debt (graduates only) | $11,310 |
| Typical 10-year monthly payment (graduates) | $119.9/mo |
Spreading the median graduate debt over a standard 10-year repayment schedule works out to roughly the monthly payment shown above.
The median alone does not show how widely outcomes vary across the student body. Use the percentiles below to see the debt range at Santa Fe College.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $1,800 |
| 25th percentile | $3,306 |
| 75th percentile | $13,300 |
| 90th percentile (highest-debt students) | $24,453 |
Median debt varies by family income, by first-generation status, and by dependency status.
Debt by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $8,000 |
| Middle income | $7,092 |
| High income | $6,008 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $7,500 |
| Continuing-generation students | $6,500 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,954 |
| Independent students | $11,200 |
The figure below distills the debt data into a single burden category for Santa Fe College.
Most undergraduate borrowing runs through the federal Stafford loan program. Below is the annual Stafford program activity at Santa Fe College:
| Metric | Value |
|---|---|
| Stafford loan recipients | 35351 |
| Total Stafford loan amount | $424,114,144 |
The GI Bill and DoD Tuition Assistance are the main federal aid routes for veterans and service members.
Post-9/11 GI Bill recipients
| Metric | Value |
|---|---|
| GI Bill recipients | 213 |
| Total GI Bill amount | $448,871 |
| Average GI Bill amount per recipient | $2,107 |
DoD program volume
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 47 |
| Total DoD amount | $73,919 |
| Average DoD amount per recipient | $1,573 |
References
More about our data sources and methodologies.