by our College Data Analytics TeamA lot of 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 sum total of attendance at South Central College can sound overwhelming, but bear in mind that many students get some type of financial aid.
What financial aid options can South Central College offer you, and what will you qualify for? Keep reading for more information. Keep going to find out how much school funding will be available to you.
Your financial aid package, which may contain grants and scholarships, will be determined on your financial need. Continue reading to find information to help you understand just how much assistance you can expect to receive from South Central College.
Through a mix of loans, grants, work-study and scholarships, schools bring down the effective cost so more students can attend. Keep in mind that certain forms of assistance are more beneficial than others, and aid amounts differ from student to student.
At South Central College, 85% of entering full-time freshmen got some type of financial assistance some 180 incoming students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 75% | $6,137 |
| Institutional grants & scholarships | 26% | $1,404 |
| Federal Pell grants | 51% | $5,145 |
| State/local grants | 61% | $2,328 |
| Federal student loans | 21% | $4,678 |
The best aid is gift aid: grants and scholarships that carry no repayment obligation. At South Central College, roughly 66% of the undergraduate population received grant aid that averaged $4,384 (across approximately 1754 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 66% | $4,384 |
| Federal Pell grants | 33% | $3,795 |
| Federal student loans | 20% | $5,975 |
Title-IV recipients living on campus saw average grant aid of $6,319.
Need-based aid means lower-income families typically pay far less than the sticker price suggests.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $8,355 |
| $30,001 – $75,000 | $9,533 |
| Over $75,000 | $13,591 |
These figures reflect what title-IV aid recipients pay after grant and scholarship aid is applied.
Net price is the cost remaining after grant and scholarship aid is subtracted from the sticker price, and it is the most useful single number for estimating real cost.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $9,082 |
| Off-campus title-IV students | $10,314 |
For a customized cost estimate, visit South Central College’s net price calculator: southcentral.edu/financial-aid/net-price-calculator.html.
The median federal debt load at South Central College comes to $8,250 in federal loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $8,250 |
| Median federal debt (graduates only) | $12,000 |
| Typical 10-year monthly payment (graduates) | $127.22/mo |
At a typical 10-year repayment schedule, the median graduate would pay about the monthly figure above.
The median alone does not show how widely outcomes vary across the student body. The figures below chart the debt distribution at South Central College.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,290 |
| 25th percentile | $4,399 |
| 75th percentile | $15,500 |
| 90th percentile (highest-debt students) | $25,250 |
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 | $9,500 |
| Middle income | $7,564 |
| High income | $6,277 |
First-Gen vs Continuing-Gen Median Debt
| Cohort | Median federal debt |
|---|---|
| First-generation students | $8,329 |
| Continuing-generation students | $7,019 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $6,064 |
| Independent students | $10,438 |
The figure below distills the debt data into a single burden category for South Central College.
Stafford loans are the federal government’s primary direct undergraduate lending program. Below is the annual Stafford program activity at South Central College:
| Metric | Value |
|---|---|
| Stafford loan recipients | 10662 |
| Total Stafford loan amount | $136,903,778 |
Veterans and active-duty service members may qualify for the Post-9/11 GI Bill or DoD Tuition Assistance.
GI Bill volume
| Metric | Value |
|---|---|
| GI Bill recipients | 35 |
| Total GI Bill amount | $134,181 |
| Average GI Bill amount per recipient | $3,834 |
DoD program volume
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 9 |
| Total DoD amount | $21,832 |
| Average DoD amount per recipient | $2,426 |
References
More about our data sources and methodologies.