by our College Data Analytics TeamMost students are not billed the full, advertised sticker price of a school. Instead, they will be given a financial aid offer that will include a combination of scholarships, grants, loans, and work-study. The total cost of going to Springfield College-Regional, Online, and Continuing Education can seem overpowering, but remember that the majority of students are given some form of financial assistance.
What financial assistance options will Springfield College - School of Professional and Continuing Studies offer, and what will you qualify for? Read on for more information. Keep scrolling to see what amount of financial assistance could be accessible to you.
The amount of financial aid you can receive varies from person to person and will depend on your family’s economic situation. Use the information below to understand how much financial assistance you may get from Springfield College-Regional, Online, and Continuing Education.
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.
Because grants and scholarships do not have to be repaid, they are the most sought-after type of financial aid. At Springfield College - School of Professional and Continuing Studies, some 81% of the undergraduate population received grant aid that averaged $5,233 (among about 199 awardees).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 81% | $5,233 |
| Federal Pell grants | 59% | $3,054 |
| Federal student loans | 80% | $9,319 |
Graduating students at Springfield College - School of Professional and Continuing Studies carry a median federal student debt of $23,000 in federal loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $23,000 |
| Median federal debt (graduates only) | $26,250 |
| Typical 10-year monthly payment (graduates) | $278.29/mo |
The 10-year payment estimate assumes a standard federal repayment plan and the median graduate debt amount.
The numbers below show the full range, not just the middle of the distribution. The four reference points below map the debt distribution at Springfield College - School of Professional and Continuing Studies.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $5,500 |
| 25th percentile | $12,000 |
| 75th percentile | $27,000 |
| 90th percentile (highest-debt students) | $32,500 |
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 | $20,315 |
| Middle income | $23,000 |
| High income | $25,000 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $22,985 |
| Continuing-generation students | $23,250 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $25,000 |
| Independent students | $20,674 |
Federal data publishes pre-calculated indicators that summarize debt outcomes. Springfield College - School of Professional and Continuing Studies.
Most undergraduate borrowing runs through the federal Stafford loan program. The annual Stafford volume below reflects program activity at Springfield College - School of Professional and Continuing Studies:
| Metric | Value |
|---|---|
| Stafford loan recipients | 25864 |
| Total Stafford loan amount | $791,804,382 |
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 | 4 |
| Total GI Bill amount | $39,342 |
| Average GI Bill amount per recipient | $9,836 |
References
More about our data sources and methodologies.