by our College Data Analytics TeamA lot of students are not billed 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 price tag of going to Texas College can appear tremendous, but do not forget that almost all students obtain some kind of financial help.
Just what financial aid solutions can TC provide, and just what are you going to be eligible for? Keep reading for answers. Read on to learn what amount of financial assistance will 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. The figures below will help you estimate the aid you might receive from Texas College.
Colleges use loans, grants, scholarships and work-study to minimize what students actually pay out of pocket. However, some types of aid are more desirable than others, and some students will receive more than others.
For freshmen starting at Texas College, 80% of new full-time first-years were awarded at least some aid approximately 196 students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 80% | $9,381 |
| Institutional grants & scholarships | 33% | $2,417 |
| Federal Pell grants | 80% | $5,355 |
| State/local grants | 79% | $2,197 |
| Federal student loans | 50% | $6,558 |
Gift aid — grants and scholarships — beats loans every time because none of it has to be repaid. Across the undergraduate body at TC, about 84% of undergraduates were awarded an average grant or scholarship of $10,018 (across approximately 565 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 84% | $10,018 |
| Federal Pell grants | 84% | $5,789 |
| Federal student loans | 64% | $6,175 |
Title-IV recipients living on campus saw average grant aid of $9,381.
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 | $11,036 |
| $30,001 – $75,000 | $10,027 |
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 | $10,958 |
| Off-campus title-IV students | $10,650 |
For a customized cost estimate, visit TC’s net price tool: www.nces.ed.gov/ipeds/netpricecalculator/.
The median federal debt load at TC comes to $19,500 of federal student loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $19,500 |
| Median federal debt (graduates only) | $31,000 |
| Typical 10-year monthly payment (graduates) | $328.65/mo |
The 10-year payment estimate assumes a standard federal repayment plan and the median graduate debt amount.
Looking only at the median can be misleading because it hides the spread. These percentiles trace how cumulative federal debt is spread among borrowers at TC.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,750 |
| 25th percentile | $5,500 |
| 75th percentile | $26,000 |
| 90th percentile (highest-debt students) | $38,500 |
Outcomes differ by income bracket, by first-generation status, and by whether a student is financially dependent.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $20,375 |
| Middle income | $13,000 |
| High income | $19,875 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $19,500 |
| Continuing-generation students | $23,000 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $16,000 |
| Independent students | $29,500 |
The figure below distills the debt data into a single burden category for TC.
Stafford loans are the federal government’s primary direct undergraduate lending program. The annual Stafford volume below reflects program activity at TC:
| Metric | Value |
|---|---|
| Stafford loan recipients | 6365 |
| Total Stafford loan amount | $109,363,723 |
If you are a veteran or active-duty service member, the GI Bill and DoD Tuition Assistance are the primary federal programs you can use at this school.
Post-9/11 GI Bill recipients
| Metric | Value |
|---|---|
| GI Bill recipients | 0 |
| Total GI Bill amount | $0 |
References
More about our data sources and methodologies.