by our College Data Analytics TeamMany students will never be charged the advertised price of a school. Instead, they will be provided a financial aid package that will include a combination of scholarships, grants, loans, and work-study. The sum total of attendance at Toccoa Falls College can sound overwhelming, but bear in mind that many students get some type of financial aid.
What financial aid options can Toccoa Falls offer you, and what will you qualify for? Keep reading for more information. Read on to learn what amount of financial assistance will be accessible to you.
How much aid you qualify for depends largely on your family’s financial circumstances. Read on to get a sense of the financial assistance available at Toccoa Falls College.
Aid such as grants, loans, work-study, and scholarships helps colleges decrease the real cost of attendance for most students. Some kinds of aid are clearly preferable to others, and outcomes differ across students.
For freshmen starting at Toccoa Falls College, 99% of new full-time first-years were awarded at least some aid around 205 freshmen).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 98% | $15,423 |
| Institutional grants & scholarships | 86% | $10,258 |
| Federal Pell grants | 50% | $6,052 |
| State/local grants | 71% | $4,458 |
| Federal student loans | 63% | $5,079 |
Because grants and scholarships do not have to be repaid, they are the most sought-after type of financial aid. At Toccoa Falls, about 96% of the undergraduate population received grant aid that averaged $6,270 (among about 2401 recipients).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 96% | $6,270 |
| Federal Pell grants | 16% | $5,783 |
| Federal student loans | 19% | $6,337 |
For students living on campus and receiving title-IV aid, grants averaged $15,919.
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 | $19,010 |
| $30,001 – $75,000 | $20,006 |
| Over $75,000 | $21,095 |
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 | $21,642 |
| Off-campus title-IV students | $20,133 |
For an estimate tailored to your family circumstances, see Toccoa Falls’s online cost calculator: tfc.edu/admissions/financial-aid/net-price-calculator/.
The median student at Toccoa Falls graduates with $11,067 of federal borrowing.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $11,067 |
| Median federal debt (graduates only) | $22,250 |
| Typical 10-year monthly payment (graduates) | $235.89/mo |
The 10-year payment estimate assumes a standard federal repayment plan and the median graduate debt amount.
Percentiles reveal the spread — half of all borrowers fall between the 25th and 75th percentiles. The percentiles below describe the cumulative federal debt distribution for borrowers at Toccoa Falls.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,000 |
| 25th percentile | $5,500 |
| 75th percentile | $25,500 |
| 90th percentile (highest-debt students) | $34,038 |
Outcomes differ by income bracket, by first-generation status, and by whether a student is financially dependent.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $9,500 |
| Middle income | $12,000 |
| High income | $12,867 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $9,524 |
| Continuing-generation students | $14,463 |
Dependent vs Independent Students
| Cohort | Median federal debt |
|---|---|
| Dependent students | $11,000 |
| Independent students | $12,701 |
A handful of calculated indicators summarize the debt outlook at Toccoa Falls.
The Stafford program is the federal direct-loan vehicle most undergraduates use. These figures summarize annual Stafford program activity at Toccoa Falls:
| Metric | Value |
|---|---|
| Stafford loan recipients | 3869 |
| Total Stafford loan amount | $61,479,704 |
Veterans and active-duty service members may qualify for the Post-9/11 GI Bill or DoD Tuition Assistance.
GI Bill volume
| Metric | Value |
|---|---|
| GI Bill recipients | 19 |
| Total GI Bill amount | $237,769 |
| Average GI Bill amount per recipient | $12,514 |
References
More about our data sources and methodologies.