by our College Data Analytics TeamThe majority of students will never be charged 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 price tag of going to South Plains College can appear overwhelming, but bear in mind that many students obtain some kind of financial aid.
What financial aid options can South Plains College offer you, and what will you qualify for? Keep reading for more information. Keep scrolling to discover how much school funding could be available to you.
Your financial aid package, which may contain grants and scholarships, will be determined on your financial need. The information provided on this page can help you determine how much aid you may receive from South Plains College.
Through a mix of loans, grants, work-study and scholarships, schools bring down the effective cost so more students can attend. However, some types of aid are more desirable than others, and some students will receive more than others.
Looking at the entering class at South Plains College, 85% of first-time, full-time freshmen received some form of financial aid roughly 885 incoming students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 78% | $7,114 |
| Institutional grants & scholarships | 14% | $2,424 |
| Federal Pell grants | 67% | $5,778 |
| State/local grants | 31% | $3,919 |
| Federal student loans | 20% | $5,011 |
Grants and scholarships are the most valuable form of aid because, unlike loans, they never have to be repaid. At this school, about 48% of the undergraduate population received grant aid that averaged $8,379 (for some 4289 awardees).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 48% | $8,379 |
| Federal Pell grants | 38% | $4,887 |
| Federal student loans | 15% | $5,581 |
Among title-IV aid recipients living on campus, grant and scholarship aid averaged $6,993.
Need-based aid means lower-income families typically pay far less than the sticker price suggests.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $5,872 |
| $30,001 – $75,000 | $7,630 |
| Over $75,000 | $11,662 |
These figures reflect what title-IV aid recipients pay after grant and scholarship aid is applied.
The net price represents the average annual cost a title-IV-receiving student pays after grant aid is subtracted from the full cost of attendance.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $6,791 |
| Off-campus title-IV students | $7,062 |
For a personalized estimate based on your family’s financial situation, use South Plains College’s online cost calculator: www.collegeforalltexans.com/apps/CollegeMoney/.
A typical borrower at South Plains College leaves with $6,724 of federal student loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $6,724 |
| Median federal debt (graduates only) | $10,500 |
| Typical 10-year monthly payment (graduates) | $111.32/mo |
At a typical 10-year repayment schedule, the median graduate would pay about the monthly figure above.
Percentiles reveal the spread — half of all borrowers fall between the 25th and 75th percentiles. Use the percentiles below to see the debt range at South Plains College.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $1,862 |
| 25th percentile | $3,000 |
| 75th percentile | $12,000 |
| 90th percentile (highest-debt students) | $22,138 |
How much a student borrows depends heavily on family income, first-gen status, and dependency.
Debt by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $8,200 |
| Middle income | $6,334 |
| High income | $5,500 |
First-Gen vs Continuing-Gen Median Debt
| Cohort | Median federal debt |
|---|---|
| First-generation students | $7,000 |
| Continuing-generation students | $5,500 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,500 |
| Independent students | $9,500 |
These indicators are derived from the underlying debt data and summarize the overall picture at South Plains College.
Stafford loans make up the bulk of federal direct lending to undergraduates. These figures summarize annual Stafford program activity at South Plains College:
| Metric | Value |
|---|---|
| Stafford loan recipients | 21744 |
| Total Stafford loan amount | $217,191,386 |
GI Bill and DoD Tuition Assistance are the two federal aid programs targeted at military-affiliated students.
GI Bill volume
| Metric | Value |
|---|---|
| GI Bill recipients | 66 |
| Total GI Bill amount | $247,104 |
| Average GI Bill amount per recipient | $3,744 |
References
More about our data sources and methodologies.