by our College Data Analytics TeamA large number of 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 price tag of going to Tompkins Cortland Community College can appear overwhelming, but bear in mind that many students obtain some kind of financial aid.
Just what financial aid solutions can Tompkins Cortland provide, and just what are you going to be eligible for? Keep reading for answers. Keep scrolling to find out what amount of financial assistance will be accessible to you.
Your financial aid package, which may contain grants and scholarships, will be determined on your financial need. The figures below will help you estimate the aid you might receive from Tompkins Cortland Community College.
Through a mix of loans, grants, work-study and scholarships, schools bring down the effective cost so more students can attend. Some kinds of aid are clearly preferable to others, and outcomes differ across students.
At Tompkins Cortland Community College, 87% of new full-time first-years were awarded at least some aid some 352 incoming students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 80% | $7,356 |
| Institutional grants & scholarships | 29% | $1,872 |
| Federal Pell grants | 62% | $5,445 |
| State/local grants | 59% | $3,171 |
| Federal student loans | 45% | $5,410 |
Gift aid — grants and scholarships — beats loans every time because none of it has to be repaid. Across the undergraduate body at Tompkins Cortland, roughly 89% of undergraduates were awarded grant or scholarship aid averaging $2,219 (among about 4187 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 89% | $2,219 |
| Federal Pell grants | 17% | $4,884 |
| Federal student loans | 13% | $6,307 |
Among title-IV aid recipients living on campus, grant and scholarship aid averaged $7,499.
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 | $11,045 |
| $30,001 – $75,000 | $13,221 |
| Over $75,000 | $18,054 |
These figures reflect what title-IV aid recipients pay after grant and scholarship aid is applied.
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 | $12,723 |
| Off-campus title-IV students | $12,851 |
For an estimate tailored to your family circumstances, see Tompkins Cortland’s net price tool: www.tompkinscortland.edu/admissions/net-price-calculator.
A typical borrower at Tompkins Cortland leaves with $8,250 of federal borrowing.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $8,250 |
| Median federal debt (graduates only) | $15,750 |
| Typical 10-year monthly payment (graduates) | $166.98/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 Tompkins Cortland.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,750 |
| 25th percentile | $4,560 |
| 75th percentile | $13,000 |
| 90th percentile (highest-debt students) | $20,954 |
The figures below break down median federal debt by income tier, first-generation status, and dependency.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $8,750 |
| Middle income | $8,250 |
| High income | $6,671 |
First-Gen vs Continuing-Gen Median Debt
| Cohort | Median federal debt |
|---|---|
| First-generation students | $8,400 |
| Continuing-generation students | $7,750 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $6,500 |
| Independent students | $11,851 |
A handful of calculated indicators summarize the debt outlook at Tompkins Cortland.
Stafford loans make up the bulk of federal direct lending to undergraduates. Below is the annual Stafford program activity at Tompkins Cortland:
| Metric | Value |
|---|---|
| Stafford loan recipients | 14458 |
| Total Stafford loan amount | $158,247,014 |
GI Bill and DoD Tuition Assistance are the two federal aid programs targeted at military-affiliated students.
Post-9/11 GI Bill activity
| Metric | Value |
|---|---|
| GI Bill recipients | 20 |
| Total GI Bill amount | $82,053 |
| Average GI Bill amount per recipient | $4,103 |
DoD Tuition Assistance activity
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 0 |
| Total DoD amount | $0 |
References
More about our data sources and methodologies.