by our College Data Analytics TeamA lot of students will never be charged 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 price of attendance at Thomas College can feel overpowering, but remember that the majority of students receive some sort of financial assistance.
What financing options does Thomas College offer you, and what will you qualify for? Keep scrolling for more information. Keep scrolling to learn how much school funding will be available 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 Thomas 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 Thomas College, 98% of first-time, full-time freshmen received some form of financial aid (about 191 students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 98% | $28,212 |
| Institutional grants & scholarships | 98% | $23,646 |
| Federal Pell grants | 48% | $5,582 |
| State/local grants | 43% | $2,497 |
| Federal student loans | 76% | $5,497 |
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 Thomas College, some 42% of undergraduates were awarded grant or scholarship aid averaging $25,253 (across approximately 671 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 42% | $25,253 |
| Federal Pell grants | 18% | $5,427 |
| Federal student loans | 33% | $6,561 |
Among title-IV aid recipients living on campus, grant and scholarship aid averaged $28,313.
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 | $14,682 |
| $30,001 – $75,000 | $15,650 |
| Over $75,000 | $22,703 |
Each amount is the average cost remaining once grant aid is subtracted, by income band.
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 | $18,885 |
| Off-campus title-IV students | $19,223 |
For an estimate tailored to your family circumstances, see Thomas College’s online cost calculator: www.thomas.edu/admissions-aid/tuition-fees/net-price-calculator/.
The median federal debt load at Thomas College comes to $20,000 in federal loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $20,000 |
| Median federal debt (graduates only) | $24,250 |
| Typical 10-year monthly payment (graduates) | $257.09/mo |
The 10-year payment estimate assumes a standard federal repayment plan and the median graduate debt amount.
A single median figure conceals how much debt outcomes differ student to student. The figures below chart the debt distribution at Thomas College.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,500 |
| 25th percentile | $6,500 |
| 75th percentile | $27,000 |
| 90th percentile (highest-debt students) | $35,000 |
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 | $15,450 |
| Middle income | $20,500 |
| High income | $20,000 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $19,500 |
| Continuing-generation students | $20,500 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $20,000 |
| Independent students | $20,000 |
These indicators are derived from the underlying debt data and summarize the overall picture at Thomas College.
The Stafford loan program is the largest source of federal direct loans to undergraduates. The annual Stafford volume below reflects program activity at Thomas College:
| Metric | Value |
|---|---|
| Stafford loan recipients | 4300 |
| Total Stafford loan amount | $76,170,137 |
The GI Bill and DoD Tuition Assistance are the main federal aid routes for veterans and service members.
Post-9/11 GI Bill activity
| Metric | Value |
|---|---|
| GI Bill recipients | 11 |
| Total GI Bill amount | $82,999 |
| Average GI Bill amount per recipient | $7,545 |
Active-duty Tuition Assistance recipients
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 3 |
| Total DoD amount | $11,750 |
| Average DoD amount per recipient | $3,917 |
References
More about our data sources and methodologies.