by our College Data Analytics TeamFinancial 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.
However, some types of financial aid are definitely more desireable than others, and some students will receive more aid than others.Find out more by scrolling down the page.
$6,397.00 is the typical Somerset Community College’s first year financial aid package. Financial aid is provided to about 99% of first-year students, with the bulk of support coming in the form of grants and scholarships.
Loans are a part of financial aid plans, but the only true college discount is a scholarship or grant that you don’t have to repay.
A college loan is not a true college discount, but rather an outcome to consider. Find out how much student loan debt from Somerset Community College you may end up taking on.
As well as scholarships, 76% of freshmen (534 total) received a federal grant, for about $4,855.00 a person.
The numbers and the chart below reference predominantly federal grants, as well as some local and state grants.
76% of first-year students at Somerset Community College (534 total) got a federal grant, averaging $4,855.00.
The table following demonstrates grant and scholarship distributions by income level for freshmen getting any sort of federally-funded Title IV aid, which includes Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 47.00% | $7,970.00 |
| Income 30k-48k | 13.57% | $7,373.00 |
| Income 48k-75k | 12.14% | $5,844.00 |
| Income 75k-110k | 3.71% | $2,489.00 |
| Income 110k + | 1.71% | $1,219.00 |
The table above displays students who are getting Title IV aid, federal aid from the government including loans, grants or work-study. Get more info on Title IV here.
Of the 700 undergraduate students at Somerset Community College around 99% (689 total) receive some form of grant aid. The typical amount awarded was $6,397.00.Most of them are distributed as Pell Grants.
Check out the Tuition and Fees page or the Cost Per Credit Hour page to find out more.
References
More about our data sources and methodologies.