by our College Data Analytics TeamA lot of students are not billed the advertised price of a school. Instead, they will be provided a financial aid package that will include a combination of scholarships, grants, loans, and work-study. The total cost of going to Skidmore College can seem tremendous, but do not forget that almost all students are given some form of financial help.
Just what financial aid solutions can Skidmore provide, and just what are you going to be eligible for? Keep reading for answers. Keep going to see what amount of financial assistance could be accessible to you.
How much aid you qualify for depends largely on your family’s financial circumstances. Continue reading to find information to help you understand just how much assistance you can expect to receive from Skidmore 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. Keep in mind that certain forms of assistance are more beneficial than others, and aid amounts differ from student to student.
Looking at the entering class at Skidmore College, 64% of new full-time first-years were awarded at least some aid approximately 472 freshmen).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 53% | $54,083 |
| Institutional grants & scholarships | 52% | $51,415 |
| Federal Pell grants | 12% | $6,189 |
| State/local grants | 9% | $7,385 |
| Federal student loans | 34% | $4,951 |
Unlike loans, grants and scholarships are gift aid that does not need to be paid back, making them the most desirable form of assistance. At Skidmore, approximately 57% of undergraduate students received gift aid averaging $52,323 (covering around 1582 recipients).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 57% | $52,323 |
| Federal Pell grants | 13% | $5,930 |
| Federal student loans | 33% | $6,043 |
For students living on campus and receiving title-IV aid, grants averaged $52,973.
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 | $19,054 |
| $30,001 – $75,000 | $16,787 |
| Over $75,000 | $42,747 |
Each figure is the net price after grants and scholarships, not the published sticker price.
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 | $32,297 |
| Off-campus title-IV students | $34,581 |
For a personalized estimate based on your family’s financial situation, use Skidmore’s online cost calculator: skidmore.studentaidcalculator.com/survey.aspx.
The median federal debt load at Skidmore comes to $15,000 of cumulative federal debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $15,000 |
| Median federal debt (graduates only) | $19,500 |
| Typical 10-year monthly payment (graduates) | $206.73/mo |
Under a standard ten-year plan, the median graduate’s monthly payment lands near the figure above.
Looking only at the median can be misleading because it hides the spread. Use the percentiles below to see the debt range at Skidmore.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $5,500 |
| 25th percentile | $9,225 |
| 75th percentile | $27,000 |
| 90th percentile (highest-debt students) | $27,000 |
Outcomes differ by income bracket, by first-generation status, and by whether a student is financially dependent.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $9,500 |
| Middle income | $19,000 |
| High income | $16,444 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $13,000 |
| Continuing-generation students | $15,875 |
These indicators are derived from the underlying debt data and summarize the overall picture at Skidmore.
The Stafford loan program is the largest source of federal direct loans to undergraduates. The aggregate figures below show how active the program is at Skidmore:
| Metric | Value |
|---|---|
| Stafford loan recipients | 4148 |
| Total Stafford loan amount | $57,707,724 |
Veterans and active-duty service members may qualify for the Post-9/11 GI Bill or DoD Tuition Assistance.
Post-9/11 GI Bill recipients
| Metric | Value |
|---|---|
| GI Bill recipients | 8 |
| Total GI Bill amount | $187,467 |
| Average GI Bill amount per recipient | $23,433 |
References
More about our data sources and methodologies.