by our College Data Analytics TeamMany students are not billed 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 total cost of going to Wade College can seem overpowering, but remember that the majority of students are given some form of financial assistance.
What financial assistance options will Wade College offer you, and what will you qualify for? Read on for more information. Keep going to see how much school funding could be available to you.
The amount of financial aid you can receive varies from person to person and will depend on your family’s economic situation. Continue reading to find information to help you understand just how much assistance you can expect to receive from Wade 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. Note that some aid is more valuable than the rest, and individual awards are far from uniform.
Looking at the entering class at Wade College, 88% of first-time, full-time freshmen received some form of financial aid some 14 students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 56% | $7,355 |
| Institutional grants & scholarships | 0% | — |
| Federal Pell grants | 56% | $7,355 |
| State/local grants | 0% | — |
| Federal student loans | 69% | $7,459 |
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 Wade College, some 66% of undergraduate students received gift aid averaging $5,021 (across approximately 133 undergraduates).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 66% | $5,021 |
| Federal Pell grants | 66% | $5,021 |
| Federal student loans | 79% | $8,594 |
Among title-IV aid recipients living on campus, grant and scholarship aid averaged $4,728.
Need-based aid means lower-income families typically pay far less than the sticker price suggests.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $20,844 |
| $30,001 – $75,000 | $27,036 |
| Over $75,000 | $28,347 |
Each amount is the average cost remaining once grant aid is subtracted, by income band.
The net price represents the average annual cost a title-IV-receiving student pays after grant aid is subtracted from the full cost of attendance.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $20,778 |
| Off-campus title-IV students | $21,998 |
To project your own net price, use Wade College’s NPC: www.wadecollege.edu/student-consumer-info/index.php?page=net-price-calculator.
The median student at Wade College graduates with $14,608 of federal borrowing.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $14,608 |
| Median federal debt (graduates only) | $22,938 |
| Typical 10-year monthly payment (graduates) | $243.18/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 Wade College.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $4,750 |
| 25th percentile | $9,500 |
| 75th percentile | $30,500 |
| 90th percentile (highest-debt students) | $43,687 |
Outcomes differ by income bracket, by first-generation status, and by whether a student is financially dependent.
Debt by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $14,250 |
| Middle income | $17,973 |
| High income | $12,250 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $14,250 |
| Continuing-generation students | $17,426 |
Dependent vs Independent Students
| Cohort | Median federal debt |
|---|---|
| Dependent students | $14,939 |
| Independent students | $14,250 |
Federal data publishes pre-calculated indicators that summarize debt outcomes. Wade College.
Stafford loans are the federal government’s primary direct undergraduate lending program. Below is the annual Stafford program activity at Wade College:
| Metric | Value |
|---|---|
| Stafford loan recipients | 2812 |
| Total Stafford loan amount | $48,941,919 |
The GI Bill and DoD Tuition Assistance are the main federal aid routes for veterans and service members.
Post-9/11 GI Bill recipients
| Metric | Value |
|---|---|
| GI Bill recipients | 9 |
| Total GI Bill amount | $137,070 |
| Average GI Bill amount per recipient | $15,230 |
References
More about our data sources and methodologies.