by our College Data Analytics TeamMany students will never be charged 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 Skagit Valley College can seem tremendous, but do not forget that almost all students are given some form of financial help.
What financial aid options can Skagit Valley College offer, and what will you qualify for? Keep reading for more information. Keep going to learn what amount of financial assistance will 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. Continue reading to find information to help you understand just how much assistance you can expect to receive from Skagit Valley College.
Financial aid, in the form of loans, grants, work-study, and scholarships, is one way colleges reduce the cost of attendance so most students can actually afford to attend. Some kinds of aid are clearly preferable to others, and outcomes differ across students.
Among first-time, full-time freshmen at Skagit Valley College, 68% of the incoming full-time class was awarded financial aid (about 374 new students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 58% | $6,632 |
| Institutional grants & scholarships | 22% | $1,522 |
| Federal Pell grants | 35% | $4,956 |
| State/local grants | 47% | $3,529 |
| Federal student loans | 6% | $6,559 |
Unlike loans, grants and scholarships are gift aid that does not need to be paid back, making them the most desirable form of assistance. Here, about 36% of the undergraduate population received grant aid that averaged $7,933 (covering around 1456 awardees).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 36% | $7,933 |
| Federal Pell grants | 21% | $4,669 |
| Federal student loans | 5% | $7,244 |
Among title-IV aid recipients living on campus, grant and scholarship aid averaged $8,802.
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 | $5,118 |
| $30,001 – $75,000 | $5,990 |
| Over $75,000 | $10,780 |
Each figure is the net price after grants and scholarships, not the published sticker price.
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 | $6,064 |
| Off-campus title-IV students | $6,116 |
To get a personalized net price estimate, try Skagit Valley College’s net price tool: www.skagit.edu/netpricecalculator/.
The median student at Skagit Valley College graduates with $8,798 in federal loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $8,798 |
| Median federal debt (graduates only) | $13,805 |
| Typical 10-year monthly payment (graduates) | $146.36/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. The four reference points below map the debt distribution at Skagit Valley College.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,110 |
| 25th percentile | $3,737 |
| 75th percentile | $14,956 |
| 90th percentile (highest-debt students) | $21,930 |
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 | $9,500 |
| Middle income | $8,271 |
| High income | $5,500 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $9,379 |
| Continuing-generation students | $7,125 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,500 |
| Independent students | $9,500 |
A handful of calculated indicators summarize the debt outlook at Skagit Valley College.
The Stafford program is the federal direct-loan vehicle most undergraduates use. The annual Stafford volume below reflects program activity at Skagit Valley College:
| Metric | Value |
|---|---|
| Stafford loan recipients | 4457 |
| Total Stafford loan amount | $52,332,540 |
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 | 182 |
| Total GI Bill amount | $674,929 |
| Average GI Bill amount per recipient | $3,708 |
References
More about our data sources and methodologies.