by our College Data Analytics TeamMost students will never be charged 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 Shorter College can feel overpowering, but remember that the majority of students receive some sort of financial assistance.
Just what financial assistance solutions will Shorter College provide, and just what are you going to be eligible for? Read on for answers. Scroll down to learn just how much financial aid will be open to you.
How much aid you qualify for depends largely on your family’s financial circumstances. The figures below will help you estimate the aid you might receive from Shorter College.
Colleges use loans, grants, scholarships and work-study to minimize what students actually pay out of pocket. 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 Shorter College, 100% of first-year full-time students received aid of some kind (about 62 first-years).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 82% | $11,595 |
| Institutional grants & scholarships | 21% | $8,882 |
| Federal Pell grants | 82% | $6,893 |
| State/local grants | 0% | — |
| Federal student loans | 60% | $6,928 |
Because grants and scholarships do not have to be repaid, they are the most sought-after type of financial aid. At this school, around 75% of undergrads got grants or scholarships worth on average $8,365 (for some 217 undergraduates).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 75% | $8,365 |
| Federal Pell grants | 75% | $6,632 |
| Federal student loans | 60% | $7,427 |
For on-campus title-IV students, average grant aid came to $7,675.
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 | $12,964 |
| $30,001 – $75,000 | $13,782 |
These figures reflect what title-IV aid recipients pay after grant and scholarship aid is applied.
The net price strips out grant and scholarship aid from the sticker price to show roughly what families really pay.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $14,060 |
| Off-campus title-IV students | $12,993 |
For an estimate tailored to your family circumstances, see Shorter College’s online cost calculator: prospect.studentaidprocess.com/saintprospect/(S(pyjrvepymhz0cykrt5k2ztkg))/netpricecalculator?corpid=123.
The median student at Shorter College graduates with $22,625 of federal student loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $22,625 |
| Median federal debt (graduates only) | $29,500 |
| Typical 10-year monthly payment (graduates) | $312.75/mo |
Spreading the median graduate debt over a standard 10-year repayment schedule works out to roughly the monthly payment shown above.
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 Shorter College.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,117 |
| 25th percentile | $4,750 |
| 75th percentile | $21,496 |
| 90th percentile (highest-debt students) | $30,000 |
The Department of Education computes summary indicators that describe debt outcomes at a glance. Shorter College.
The Stafford loan program is the largest source of federal direct loans to undergraduates. Below is the annual Stafford program activity at Shorter College:
| Metric | Value |
|---|---|
| Stafford loan recipients | 1563 |
| Total Stafford loan amount | $20,909,016 |
GI Bill and DoD Tuition Assistance are the two federal aid programs targeted at military-affiliated students.
Post-9/11 GI Bill activity
| Metric | Value |
|---|---|
| GI Bill recipients | 0 |
| Total GI Bill amount | $0 |
DoD program volume
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 0 |
| Total DoD amount | $0 |
References
More about our data sources and methodologies.