by our College Data Analytics TeamThe majority of 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 price tag of going to Truckee Meadows Community College can appear tremendous, but do not forget that almost all students obtain some kind of financial help.
What financial aid options can Truckee Meadows Community College offer, and what will you qualify for? Keep reading for more information. Read on to find out just how much financial aid will be open to you.
How much aid you qualify for depends largely on your family’s financial circumstances. The figures below will help you estimate the aid you might receive from Truckee Meadows Community College.
Financial aid, in the form of loans, grants, work-study, and scholarships, is one way colleges reduce the cost of attendance so most students can actually afford to attend. Keep in mind that certain forms of assistance are more beneficial than others, and aid amounts differ from student to student.
Among first-time, full-time freshmen at Truckee Meadows Community College, 80% of first-time, full-time freshmen received some form of financial aid (about 821 students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 79% | $5,576 |
| Institutional grants & scholarships | 31% | $2,152 |
| Federal Pell grants | 49% | $4,262 |
| State/local grants | 56% | $2,539 |
| Federal student loans | 3% | $4,605 |
The best aid is gift aid: grants and scholarships that carry no repayment obligation. At this school, around 30% of undergraduates were awarded an average grant or scholarship of $4,859 (for some 2967 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 30% | $4,859 |
| Federal Pell grants | 16% | $4,096 |
| Federal student loans | 3% | $6,391 |
On-campus students receiving title-IV aid were awarded grants averaging $6,935.
Since aid is largely need-based, the real cost of attendance falls steeply for lower-income families.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $6,573 |
| $30,001 – $75,000 | $8,200 |
| Over $75,000 | $11,700 |
The numbers above are post-aid net prices, so they already account for grants and scholarships.
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 | $8,312 |
| Off-campus title-IV students | $7,457 |
To project your own net price, use Truckee Meadows Community College’s net price calculator: www.tmcc.edu/financialaid/netpricecalculator/.
The median federal debt load at Truckee Meadows Community College comes to $6,999 in federal loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $6,999 |
| Median federal debt (graduates only) | $11,000 |
| Typical 10-year monthly payment (graduates) | $116.62/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. These percentiles trace how cumulative federal debt is spread among borrowers at Truckee Meadows Community College.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,000 |
| 25th percentile | $3,500 |
| 75th percentile | $15,000 |
| 90th percentile (highest-debt students) | $28,500 |
Median debt varies by family income, by first-generation status, and by dependency status.
Debt by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $8,819 |
| Middle income | $6,684 |
| High income | $5,000 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $6,750 |
| Continuing-generation students | $7,000 |
Dependent vs Independent Students
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,000 |
| Independent students | $9,500 |
These indicators are derived from the underlying debt data and summarize the overall picture at Truckee Meadows Community College.
The Stafford loan program is the largest source of federal direct loans to undergraduates. These figures summarize annual Stafford program activity at Truckee Meadows Community College:
| Metric | Value |
|---|---|
| Stafford loan recipients | 10473 |
| Total Stafford loan amount | $135,753,220 |
The GI Bill and DoD Tuition Assistance are the main federal aid routes for veterans and service members.
GI Bill volume
| Metric | Value |
|---|---|
| GI Bill recipients | 390 |
| Total GI Bill amount | $579,372 |
| Average GI Bill amount per recipient | $1,486 |
DoD program volume
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 1 |
| Total DoD amount | $1,668 |
| Average DoD amount per recipient | $1,668 |
References
More about our data sources and methodologies.