by our College Data Analytics TeamThe majority of students are not billed 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 total price of attendance at Waubonsee Community College can feel overpowering, but remember that the majority of students receive some sort of financial assistance.
Just what financial aid solutions can Waubonsee deliver, and just what are you going to be eligible for? Keep reading for answers. Keep reading to learn just how much financial aid will 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 Waubonsee Community College.
Through a mix of loans, grants, work-study and scholarships, schools bring down the effective cost so more students can attend. Note that some aid is more valuable than the rest, and individual awards are far from uniform.
Among first-time, full-time freshmen at Waubonsee Community College, 79% of first-year full-time students received aid of some kind (about 795 incoming students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 75% | $6,055 |
| Institutional grants & scholarships | 66% | $1,072 |
| Federal Pell grants | 40% | $7,599 |
| State/local grants | 34% | $2,182 |
| Federal student loans | 13% | $3,395 |
Because grants and scholarships do not have to be repaid, they are the most sought-after type of financial aid. At Waubonsee, about 38% of undergraduate students received gift aid averaging $5,694 (covering around 3200 undergraduates).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 38% | $5,694 |
| Federal Pell grants | 21% | $6,808 |
| Federal student loans | 6% | $3,624 |
For students living on campus and receiving title-IV aid, grants averaged $7,894.
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 | $3,216 |
| $30,001 – $75,000 | $6,461 |
| Over $75,000 | $10,135 |
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 | $11,442 |
| Off-campus title-IV students | $6,113 |
To project your own net price, use Waubonsee’s net price tool: www.waubonsee.edu/admissions/costs-and-payments/net-price-calculator.
The middle student in the debt distribution at Waubonsee owes $4,500 of cumulative federal debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $4,500 |
| Median federal debt (graduates only) | $7,000 |
| Typical 10-year monthly payment (graduates) | $74.21/mo |
Under a standard ten-year plan, the median graduate’s monthly payment lands near the figure above.
Looking only at the median can be misleading because it hides the spread. The percentiles below describe the cumulative federal debt distribution for borrowers at Waubonsee.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $1,400 |
| 25th percentile | $2,250 |
| 75th percentile | $7,000 |
| 90th percentile (highest-debt students) | $11,500 |
Median debt varies by family income, by first-generation status, and by dependency status.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $4,751 |
| Middle income | $3,869 |
| High income | $4,197 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $4,500 |
| Continuing-generation students | $3,500 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $3,500 |
| Independent students | $5,500 |
Federal data publishes pre-calculated indicators that summarize debt outcomes. Waubonsee.
Stafford loans make up the bulk of federal direct lending to undergraduates. The annual Stafford volume below reflects program activity at Waubonsee:
| Metric | Value |
|---|---|
| Stafford loan recipients | 7998 |
| Total Stafford loan amount | $56,162,816 |
The GI Bill and DoD Tuition Assistance are the main federal aid routes for veterans and service members.
Post-9/11 GI Bill activity
| Metric | Value |
|---|---|
| GI Bill recipients | 11 |
| Total GI Bill amount | $44,116 |
| Average GI Bill amount per recipient | $4,011 |
DoD Tuition Assistance activity
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 0 |
| Total DoD amount | $0 |
References
More about our data sources and methodologies.