by our College Data Analytics TeamMost students will not be asked to pay the complete price tag of a school. Rather, they are presented a financial aid deal that includes a mix of loans, grants, scholarships, and possibly work-study opportunities. The total cost of going to Summit College can seem tremendous, but do not forget that almost all students are given some form of financial help.
What financial assistance options will Summit College offer, and what will you qualify for? Read on for more information. Keep reading 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. Read on to get a sense of the financial assistance available at Summit College.
Through a mix of loans, grants, work-study and scholarships, schools bring down the effective cost so more students can 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 Summit College, 87% of the incoming full-time class was awarded financial aid some 1070 students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 87% | $4,665 |
| Institutional grants & scholarships | 0% | — |
| Federal Pell grants | 87% | $4,665 |
| State/local grants | 0% | — |
| Federal student loans | 76% | $6,391 |
Gift aid — grants and scholarships — beats loans every time because none of it has to be repaid. At Summit College, approximately 69% of undergrads got grants or scholarships worth on average $5,132 (across approximately 1070 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 69% | $5,132 |
| Federal Pell grants | 69% | $4,665 |
| Federal student loans | 61% | $6,391 |
Title-IV recipients living on campus saw average grant aid of $3,318.
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 | $23,932 |
| $30,001 – $75,000 | $24,990 |
| Over $75,000 | $27,454 |
Remember these are net prices — what families pay after gift aid, not before.
The net price strips out grant and scholarship aid from the sticker price to show roughly what families really pay.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $29,926 |
| Off-campus title-IV students | $24,161 |
To project your own net price, use Summit College’s official net price calculator: calculator.studentaidprocess.com/calculator/(S(4fctomblps4mbmni0o0qgyg1))/netpricecalculator?corpid=104.
Graduating students at Summit College carry a median federal student debt of $7,600 of federal student loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $7,600 |
| Median federal debt (graduates only) | $7,600 |
| Typical 10-year monthly payment (graduates) | $80.57/mo |
At a typical 10-year repayment schedule, the median graduate would pay about the monthly figure above.
The median alone does not show how widely outcomes vary across the student body. These percentiles trace how cumulative federal debt is spread among borrowers at Summit College.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,800 |
| 25th percentile | $4,889 |
| 75th percentile | $14,126 |
| 90th percentile (highest-debt students) | $18,252 |
The figures below break down median federal debt by income tier, first-generation status, and dependency.
Debt by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $7,600 |
| Middle income | $7,600 |
| High income | $5,280 |
First-Gen vs Continuing-Gen Median Debt
| Cohort | Median federal debt |
|---|---|
| First-generation students | $7,600 |
| Continuing-generation students | $7,600 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $4,914 |
| Independent students | $7,600 |
The Department of Education computes summary indicators that describe debt outcomes at a glance. Summit College.
Most undergraduate borrowing runs through the federal Stafford loan program. The totals below capture Stafford lending at Summit College:
| Metric | Value |
|---|---|
| Stafford loan recipients | 13886 |
| Total Stafford loan amount | $167,612,087 |
GI Bill and DoD Tuition Assistance are the two federal aid programs targeted at military-affiliated students.
Post-9/11 GI Bill recipients
| Metric | Value |
|---|---|
| GI Bill recipients | 1303 |
| Total GI Bill amount | $16,404,920 |
| Average GI Bill amount per recipient | $12,590 |
Active-duty Tuition Assistance recipients
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 0 |
| Total DoD amount | $0 |
References
More about our data sources and methodologies.