by our College Data Analytics TeamMost students will never be charged the full, advertised sticker price of a school. Instead, they will be given a financial aid offer that will include a combination of scholarships, grants, loans, and work-study. The price tag of going to Wayne Community College can appear overwhelming, but bear in mind that many students obtain some kind of financial aid.
What financing options does Wayne Community College offer, and what will you qualify for? Keep scrolling for more information. Keep scrolling to discover how much school funding could be available to you.
Eligibility for aid and scholarships is driven mostly by your household’s income and need. Read on to get a sense of the financial assistance available at Wayne Community College.
Colleges use loans, grants, scholarships and work-study to minimize what students actually pay out of pocket. Some kinds of aid are clearly preferable to others, and outcomes differ across students.
Among first-time, full-time freshmen at Wayne Community College, 68% of first-year full-time students received aid of some kind roughly 132 students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 68% | $7,857 |
| Institutional grants & scholarships | 6% | $936 |
| Federal Pell grants | 58% | $8,249 |
| State/local grants | 45% | $1,039 |
| Federal student loans | 0% | — |
Grants and scholarships are the most valuable form of aid because, unlike loans, they never have to be repaid. At this school, about 50% of undergrads got grants or scholarships worth on average $2,441 (across approximately 1441 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 50% | $2,441 |
| Federal Pell grants | 37% | $2,621 |
| Federal student loans | 0% | — |
Among title-IV aid recipients living on campus, grant and scholarship aid averaged $8,851.
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 | $3,669 |
| $30,001 – $75,000 | $4,713 |
| Over $75,000 | $7,529 |
These figures reflect what title-IV aid recipients pay after grant and scholarship aid is applied.
Net price is the cost remaining after grant and scholarship aid is subtracted from the sticker price, and it is the most useful single number for estimating real cost.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $2,245 |
| Off-campus title-IV students | $4,152 |
For an estimate tailored to your family circumstances, see Wayne Community College’s net price tool: cdn.waynecc.edu/net-price-calculator/.
The middle student in the debt distribution at Wayne Community College owes $5,875 of federal student loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $5,875 |
| Median federal debt (graduates only) | $6,500 |
| Typical 10-year monthly payment (graduates) | $68.91/mo |
Under a standard ten-year plan, the median graduate’s monthly payment lands near the figure above.
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 Wayne Community College.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $1,750 |
| 25th percentile | $3,000 |
| 75th percentile | $9,500 |
| 90th percentile (highest-debt students) | $15,500 |
How much a student borrows depends heavily on family income, first-gen status, and dependency.
Debt by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $5,875 |
Dependent vs Independent Students
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,775 |
| Independent students | $5,875 |
These indicators are derived from the underlying debt data and summarize the overall picture at Wayne Community College.
Stafford loans make up the bulk of federal direct lending to undergraduates. Below is the annual Stafford program activity at Wayne Community College:
| Metric | Value |
|---|---|
| Stafford loan recipients | 2232 |
| Total Stafford loan amount | $19,921,022 |
Veterans and active-duty service members may qualify for the Post-9/11 GI Bill or DoD Tuition Assistance.
Post-9/11 GI Bill activity
| Metric | Value |
|---|---|
| GI Bill recipients | 90 |
| Total GI Bill amount | $134,225 |
| Average GI Bill amount per recipient | $1,491 |
DoD Tuition Assistance activity
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 72 |
| Total DoD amount | $47,034 |
| Average DoD amount per recipient | $653 |
References
More about our data sources and methodologies.