by our College Data Analytics TeamMost 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 Wheaton College (Massachusetts) can appear overpowering, but remember that the majority of students obtain some kind of financial assistance.
What financial aid options can Wheaton College Massachusetts offer you, and what will you qualify for? Keep reading for more information. Keep scrolling to find out what amount of financial assistance will be accessible 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 Wheaton College (Massachusetts).
Through a mix of loans, grants, work-study and scholarships, schools bring down the effective cost so more students can attend. However, some types of aid are more desirable than others, and some students will receive more than others.
For freshmen starting at Wheaton College (Massachusetts), 100% of first-year full-time students received aid of some kind around 522 students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 99% | $48,666 |
| Institutional grants & scholarships | 99% | $46,655 |
| Federal Pell grants | 26% | $5,480 |
| State/local grants | 11% | $2,254 |
| Federal student loans | 85% | $5,566 |
Grants and scholarships are the most valuable form of aid because, unlike loans, they never have to be repaid. At Wheaton College Massachusetts, approximately 98% of undergrads got grants or scholarships worth on average $45,440 (across approximately 1717 undergraduates).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 98% | $45,440 |
| Federal Pell grants | 22% | $5,489 |
| Federal student loans | 78% | $6,604 |
Among title-IV aid recipients living on campus, grant and scholarship aid averaged $49,489.
The figures below show the average net price — cost after all grant and scholarship aid — broken out by family income.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $20,778 |
| $30,001 – $75,000 | $24,480 |
| Over $75,000 | $34,053 |
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 | $29,822 |
| Off-campus title-IV students | $30,934 |
To get a personalized net price estimate, try Wheaton College Massachusetts’s online cost calculator: collegepricecalculator.com/WheatonCollegeMA.
The median federal debt load at Wheaton College Massachusetts comes to $23,000 of cumulative federal debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $23,000 |
| Median federal debt (graduates only) | $26,000 |
| Typical 10-year monthly payment (graduates) | $275.64/mo |
At a typical 10-year repayment schedule, the median graduate would pay about the monthly figure above.
Looking only at the median can be misleading because it hides the spread. The figures below chart the debt distribution at Wheaton College Massachusetts.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $5,500 |
| 25th percentile | $12,000 |
| 75th percentile | $27,700 |
| 90th percentile (highest-debt students) | $30,102 |
How much a student borrows depends heavily on family income, first-gen status, and dependency.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $21,750 |
| Middle income | $23,000 |
| High income | $23,000 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $23,000 |
| Continuing-generation students | $23,000 |
The figure below distills the debt data into a single burden category for Wheaton College Massachusetts.
Most undergraduate borrowing runs through the federal Stafford loan program. Below is the annual Stafford program activity at Wheaton College Massachusetts:
| Metric | Value |
|---|---|
| Stafford loan recipients | 4867 |
| Total Stafford loan amount | $73,280,412 |
GI Bill and DoD Tuition Assistance are the two federal aid programs targeted at military-affiliated students.
GI Bill volume
| Metric | Value |
|---|---|
| GI Bill recipients | 8 |
| Total GI Bill amount | $185,565 |
| Average GI Bill amount per recipient | $23,196 |
References
More about our data sources and methodologies.