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 price tag of going to St Petersburg College can appear overpowering, but remember that the majority of students obtain some kind of financial assistance.
What financial aid options can SPC 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 St Petersburg College.
Financial assistance, available as scholarships, loans, and work-study, is a way schools lower the price of attendance so many students can enroll. Note that some aid is more valuable than the rest, and individual awards are far from uniform.
At St Petersburg College, 76% of first-year full-time students received aid of some kind roughly 1335 first-years).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 71% | $10,285 |
| Institutional grants & scholarships | 31% | $2,300 |
| Federal Pell grants | 54% | $9,096 |
| State/local grants | 58% | $2,719 |
| Federal student loans | 11% | $5,695 |
Unlike loans, grants and scholarships are gift aid that does not need to be paid back, making them the most desirable form of assistance. At this school, about 45% of undergraduates were awarded grant or scholarship aid averaging $8,331 (across roughly 10580 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 45% | $8,331 |
| Federal Pell grants | 33% | $8,090 |
| Federal student loans | 16% | $7,017 |
Among title-IV aid recipients living on campus, grant and scholarship aid averaged $11,414.
Because need-based aid scales with family income, what students actually pay differs sharply across income brackets.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $-1,962 |
| $30,001 – $75,000 | $715 |
| Over $75,000 | $8,573 |
Remember these are net prices — what families pay after gift aid, not before.
After grants and scholarships come off the published price, what remains is the net price — the best estimate of true out-of-pocket cost.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $1,471 |
| Off-campus title-IV students | $-52 |
For an estimate tailored to your family circumstances, see SPC’s net price tool: www.spcollege.edu/financial-aid/tuition-and-fees/net-price-calculator-for-college.
A typical borrower at SPC leaves with $11,000 of federal student loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $11,000 |
| Median federal debt (graduates only) | $16,868 |
| Typical 10-year monthly payment (graduates) | $178.83/mo |
Spreading the median graduate debt over a standard 10-year repayment schedule works out to roughly the monthly payment shown above.
Looking only at the median can be misleading because it hides the spread. The four reference points below map the debt distribution at SPC.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,250 |
| 25th percentile | $4,399 |
| 75th percentile | $21,480 |
| 90th percentile (highest-debt students) | $38,750 |
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 | $12,526 |
| Middle income | $10,100 |
| High income | $8,484 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $11,230 |
| Continuing-generation students | $10,164 |
Dependent vs Independent Students
| Cohort | Median federal debt |
|---|---|
| Dependent students | $7,897 |
| Independent students | $14,250 |
The Department of Education computes summary indicators that describe debt outcomes at a glance. SPC.
Stafford loans make up the bulk of federal direct lending to undergraduates. The totals below capture Stafford lending at SPC:
| Metric | Value |
|---|---|
| Stafford loan recipients | 66201 |
| Total Stafford loan amount | $1,300,824,524 |
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 | 687 |
| Total GI Bill amount | $1,499,048 |
| Average GI Bill amount per recipient | $2,182 |
Active-duty Tuition Assistance recipients
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 366 |
| Total DoD amount | $1,103,328 |
| Average DoD amount per recipient | $3,015 |
References
More about our data sources and methodologies.