by our College Data Analytics TeamThe majority of students are not billed 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 cost of going to Simpson College can seem tremendous, but do not forget that almost all students are given some form of financial help.
What financial aid options can Simpson College offer you, and what will you qualify for? Keep reading for more information. Keep scrolling to see how much school funding could be available 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 Simpson College.
Through a mix of loans, grants, work-study and scholarships, schools bring down the effective cost so more students can attend. Bear in mind that not all aid is equal, and the amount any one student receives can vary widely.
For incoming first-year students at Simpson College, 100% of first-time, full-time freshmen received some form of financial aid approximately 342 students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 100% | $37,896 |
| Institutional grants & scholarships | 100% | $32,729 |
| Federal Pell grants | 39% | $5,455 |
| State/local grants | 42% | $7,155 |
| Federal student loans | 70% | $5,413 |
Gift aid — grants and scholarships — beats loans every time because none of it has to be repaid. At Simpson College, some 97% of undergrads got grants or scholarships worth on average $36,418 (for some 1108 undergraduates).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 97% | $36,418 |
| Federal Pell grants | 35% | $5,237 |
| Federal student loans | 71% | $6,401 |
Title-IV recipients living on campus saw average grant aid of $39,291.
Since aid is largely need-based, the real cost of attendance falls steeply for lower-income families.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $16,281 |
| $30,001 – $75,000 | $18,549 |
| Over $75,000 | $26,206 |
Each amount is the average cost remaining once grant aid is subtracted, by income band.
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 | $21,936 |
| Off-campus title-IV students | $22,231 |
To get a personalized net price estimate, try Simpson College’s NPC: simpson.edu/financial-aid/net-price-calculator/.
The median student at Simpson College graduates with $20,262 of federal student loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $20,262 |
| Median federal debt (graduates only) | $26,000 |
| Typical 10-year monthly payment (graduates) | $275.64/mo |
Spreading the median graduate debt over a standard 10-year repayment schedule works out to roughly the monthly payment shown above.
Percentiles reveal the spread — half of all borrowers fall between the 25th and 75th percentiles. The four reference points below map the debt distribution at Simpson College.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $5,500 |
| 25th percentile | $11,191 |
| 75th percentile | $29,000 |
| 90th percentile (highest-debt students) | $35,000 |
The figures below break down median federal debt by income tier, first-generation status, and dependency.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $15,473 |
| Middle income | $17,500 |
| High income | $22,738 |
First-Gen vs Continuing-Gen Median Debt
| Cohort | Median federal debt |
|---|---|
| First-generation students | $18,586 |
| Continuing-generation students | $22,048 |
Dependent vs Independent Students
| Cohort | Median federal debt |
|---|---|
| Dependent students | $20,500 |
| Independent students | $17,438 |
The figure below distills the debt data into a single burden category for Simpson College.
The Stafford loan program is the largest source of federal direct loans to undergraduates. These figures summarize annual Stafford program activity at Simpson College:
| Metric | Value |
|---|---|
| Stafford loan recipients | 6678 |
| Total Stafford loan amount | $113,304,487 |
The GI Bill and DoD Tuition Assistance are the main federal aid routes for veterans and service members.
GI Bill volume
| Metric | Value |
|---|---|
| GI Bill recipients | 16 |
| Total GI Bill amount | $390,328 |
| Average GI Bill amount per recipient | $24,396 |
DoD program volume
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 3 |
| Total DoD amount | $9,000 |
| Average DoD amount per recipient | $3,000 |
References
More about our data sources and methodologies.