by our College Data Analytics TeamMany students will not be asked to pay the full, advertised sticker price of a school. Instead, they will be given a financial aid offer that will include a combination of scholarships, grants, loans, and work-study. The total price of attendance at Virginia Peninsula Community College can feel overpowering, but remember that the majority of students receive some sort of financial assistance.
Just what financial assistance solutions will TNCC deliver, and just what are you going to be eligible for? Read on for answers. Scroll down to see just how much financial aid could be open to you.
The amount of financial aid and scholarships you are eligible for will vary depending on your family’s income. The figures below will help you estimate the aid you might receive from Virginia Peninsula Community College.
Colleges use loans, grants, scholarships and work-study to minimize what students actually pay out of pocket. Some kinds of aid are clearly preferable to others, and outcomes differ across students.
Looking at the entering class at Virginia Peninsula Community College, 65% of the incoming full-time class was awarded financial aid around 328 incoming students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 57% | $6,376 |
| Institutional grants & scholarships | 12% | $3,143 |
| Federal Pell grants | 43% | $5,551 |
| State/local grants | 47% | $1,737 |
| Federal student loans | 8% | $4,806 |
Gift aid — grants and scholarships — beats loans every time because none of it has to be repaid. At this school, about 33% of undergraduates were awarded an average grant or scholarship of $5,188 (across roughly 2008 awardees).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 33% | $5,188 |
| Federal Pell grants | 26% | $4,309 |
| Federal student loans | 5% | $6,058 |
For on-campus title-IV students, average grant aid came to $6,564.
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 | $5,014 |
| $30,001 – $75,000 | $6,637 |
| Over $75,000 | $11,671 |
The numbers above are post-aid net prices, so they already account for grants and scholarships.
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 | $7,012 |
| Off-campus title-IV students | $6,468 |
To get a personalized net price estimate, try TNCC’s online cost calculator: vawizard.org/wizard/npc.
Graduating students at TNCC carry a median federal student debt of $7,130 of federal borrowing.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $7,130 |
| Median federal debt (graduates only) | $9,500 |
| Typical 10-year monthly payment (graduates) | $100.72/mo |
Spreading the median graduate debt over a standard 10-year repayment schedule works out to roughly the monthly payment shown above.
Percentiles reveal the spread — half of all borrowers fall between the 25th and 75th percentiles. The figures below chart the debt distribution at TNCC.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $1,750 |
| 25th percentile | $3,294 |
| 75th percentile | $13,500 |
| 90th percentile (highest-debt students) | $24,050 |
How much a student borrows depends heavily on family income, first-gen status, and dependency.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $9,500 |
| Middle income | $5,500 |
| High income | $6,760 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $7,700 |
| Continuing-generation students | $6,000 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,500 |
| Independent students | $9,500 |
A handful of calculated indicators summarize the debt outlook at TNCC.
Stafford loans make up the bulk of federal direct lending to undergraduates. These figures summarize annual Stafford program activity at TNCC:
| Metric | Value |
|---|---|
| Stafford loan recipients | 16426 |
| Total Stafford loan amount | $184,041,923 |
Veterans and active-duty service members may qualify for the Post-9/11 GI Bill or DoD Tuition Assistance.
Post-9/11 GI Bill recipients
| Metric | Value |
|---|---|
| GI Bill recipients | 0 |
| Total GI Bill amount | $0 |
Active-duty Tuition Assistance recipients
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 0 |
| Total DoD amount | $0 |
References
More about our data sources and methodologies.