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 sum total of attendance at Southern West Virginia Community and Technical College can sound overwhelming, but bear in mind that many students get some type of financial aid.
Just what financial assistance solutions will Southern deliver, and just what are you going to be eligible for? Read on for answers. Keep going to see how much school funding could be available 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 Southern West Virginia Community and Technical 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. Bear in mind that not all aid is equal, and the amount any one student receives can vary widely.
Among first-time, full-time freshmen at Southern West Virginia Community and Technical College, 91% of first-time, full-time freshmen received some form of financial aid some 290 new students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 88% | $7,693 |
| Institutional grants & scholarships | 7% | $4,187 |
| Federal Pell grants | 69% | $5,452 |
| State/local grants | 68% | $3,402 |
| Federal student loans | 9% | $5,598 |
Because grants and scholarships do not have to be repaid, they are the most sought-after type of financial aid. At this school, approximately 85% of undergrads got grants or scholarships worth on average $5,503 (covering around 1244 undergraduates).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 85% | $5,503 |
| Federal Pell grants | 51% | $4,994 |
| Federal student loans | 16% | $6,188 |
Title-IV recipients living on campus saw average grant aid of $8,404.
The figures below show the average net price — cost after all grant and scholarship aid — broken out by family income.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $7,110 |
| $30,001 – $75,000 | $8,617 |
| Over $75,000 | $12,580 |
Each figure is the net price after grants and scholarships, not the published sticker price.
Net price is the average annual cost after grants and scholarships are subtracted from the published cost of attendance — the figure closest to what a typical aid-receiving student actually pays.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $10,321 |
| Off-campus title-IV students | $8,064 |
For an estimate tailored to your family circumstances, see Southern’s official net price calculator: southernwv.studentaidcalculator.com/survey.aspx.
The median federal debt load at Southern comes to $5,750 in federal student debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $5,750 |
| Median federal debt (graduates only) | $9,190 |
| Typical 10-year monthly payment (graduates) | $97.43/mo |
Spreading the median graduate debt over a standard 10-year repayment schedule works out to roughly the monthly payment shown above.
A single median figure conceals how much debt outcomes differ student to student. These percentiles trace how cumulative federal debt is spread among borrowers at Southern.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $1,723 |
| 25th percentile | $2,482 |
| 75th percentile | $5,500 |
| 90th percentile (highest-debt students) | $9,249 |
Outcomes differ by income bracket, by first-generation status, and by whether a student is financially dependent.
Debt by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $6,000 |
| Middle income | $6,000 |
| High income | $5,500 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $5,600 |
| Continuing-generation students | $6,000 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,500 |
| Independent students | $7,464 |
The figure below distills the debt data into a single burden category for Southern.
Most undergraduate borrowing runs through the federal Stafford loan program. Below is the annual Stafford program activity at Southern:
| Metric | Value |
|---|---|
| Stafford loan recipients | 2372 |
| Total Stafford loan amount | $17,958,838 |
Veterans and active-duty service members may qualify for the Post-9/11 GI Bill or DoD Tuition Assistance.
Post-9/11 GI Bill activity
| Metric | Value |
|---|---|
| GI Bill recipients | 5 |
| Total GI Bill amount | $14,073 |
| Average GI Bill amount per recipient | $2,815 |
References
More about our data sources and methodologies.