by our College Data Analytics TeamA large number of students are not billed 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 price tag of going to Springfield College can appear overpowering, but remember that the majority of students obtain some kind of financial assistance.
Just what financing solutions does Springfield College provide, and just what are you going to be eligible for? Keep scrolling for answers. Scroll down to find out what amount of financial assistance will be accessible to you.
How much aid you qualify for depends largely on your family’s financial circumstances. Use the information below to understand how much financial assistance you may get from Springfield 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 Springfield College, 100% of first-year full-time students received aid of some kind around 476 new students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 99% | $30,690 |
| Institutional grants & scholarships | 99% | $28,471 |
| Federal Pell grants | 25% | $5,140 |
| State/local grants | 99% | $565 |
| Federal student loans | 76% | $5,196 |
The best aid is gift aid: grants and scholarships that carry no repayment obligation. At Springfield College, approximately 99% of the undergraduate population received grant aid that averaged $29,961 (covering around 1904 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 99% | $29,961 |
| Federal Pell grants | 22% | $5,123 |
| Federal student loans | 72% | $6,437 |
On-campus students receiving title-IV aid were awarded grants averaging $30,142.
How much a family pays depends heavily on income, because most aid is awarded on the basis of financial need.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $22,874 |
| $30,001 – $75,000 | $24,563 |
| Over $75,000 | $31,473 |
These figures reflect what title-IV aid recipients pay after grant and scholarship aid is applied.
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 | $30,587 |
| Off-campus title-IV students | $29,187 |
For a personalized estimate based on your family’s financial situation, use Springfield College’s NPC: springfield.edu/admissions/undergraduate-admissions/net-price-calculator.
The middle student in the debt distribution at Springfield College owes $23,000 of cumulative federal debt.
| 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 |
That monthly figure reflects the median graduate debt repaid on a standard 10-year federal schedule.
Percentiles reveal the spread — half of all borrowers fall between the 25th and 75th percentiles. The percentiles below describe the cumulative federal debt distribution for borrowers at Springfield College.
| 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 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $22,985 |
| Continuing-generation students | $23,250 |
Dependent vs Independent Students
| Cohort | Median federal debt |
|---|---|
| Dependent students | $25,000 |
| Independent students | $20,674 |
The figure below distills the debt data into a single burden category for Springfield College.
Stafford loans make up the bulk of federal direct lending to undergraduates. These figures summarize annual Stafford program activity at Springfield College:
| Metric | Value |
|---|---|
| Stafford loan recipients | 25864 |
| Total Stafford loan amount | $791,804,382 |
GI Bill and DoD Tuition Assistance are the two federal aid programs targeted at military-affiliated students.
Post-9/11 GI Bill activity
| Metric | Value |
|---|---|
| GI Bill recipients | 21 |
| Total GI Bill amount | $389,002 |
| Average GI Bill amount per recipient | $18,524 |
References
More about our data sources and methodologies.