by our College Data Analytics TeamMost college students will not be charged the full price tag of a school. Instead, they will be offered a financial aid package that includes a combination of loans, grants, scholarships and possibly work-study opportunities.
Uncover the various financial aid options provided by GSCC and determine which ones you may be eligible for by continuing your exploration.
$5,711.00 is the typical Gadsden State Community College’s first year financial aid package. Approximately 85% of incoming freshmen obtain financial assistance, with the majority being offered as loans.
A financial aid package includes loans, grants, and scholarships. However, student loans have to be paid back, so they aren’t a true discount.
A loan is not a legitimate college discount, but rather an outcome to consider. See how much student loan debt from Gadsden State Community College you may end up taking on.
Financial awards given by a college or university to its students, known as institutional scholarships and grants, help to offset the cost of tuition and other education-related expenses. These awards fall into two categories: merit-based and need-based, and they do not need to be paid back. Merit-based institutional scholarships are granted to students who have shown outstanding academic accomplishments, special talents, or abilities in a particular field. Factors such as high school performance, standardized test results, or involvement in extracurricular activities often contribute to these scholarship decisions. Conversely, need-based institutional grants cater to students who demonstrate financial need. The awarded amount is typically based on the student’s family’s financial standing and is intended to cover the difference between the cost of attendance and the family’s ability to contribute. Colleges and universities might use data from the Free Application for Federal Student Aid (FAFSA) or other financial aid forms to determine a student’s eligibility for need-based grants. Institutional scholarships and grants are a vital source of financial support for students, as they can significantly reduce the cost of attending college and help make higher education more accessible.
The following numbers apply to scholarships and grants largely offered by the school itself.
23% of incoming freshmen (186 total) were awarded scholarships at Gadsden State Community College, averaging $3,349.00 a piece. This puts it in the top 50th percentile among colleges and universities nationwide.
As well as scholarships, 67% of freshmen (545 total) obtained a federal grant, for about $6,336.00 a piece.
The following table displays scholarship and grant allocations by family income for freshman students receiving any kind of federal Title IV assistance, such as Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 47.04% | $6,361.00 |
| Income 30k-48k | 10.47% | $5,812.00 |
| Income 48k-75k | 6.53% | $3,907.00 |
| Income 75k-110k | 1.11% | $4,674.00 |
| Income 110k + | 0.12% | $927.00 |
The table above displays students who are getting Title IV aid, federal aid from the government including loans, grants or work-study. Get more info on Title IV here.
638 GSCC undergrads obtain grant aid (this is about 85% of the entire undergraduate student population). The average amount these students receive is $5,711.00.The largest share of which are in the guise of Pell Grants.
Check out the Tuition and Fees page or the Cost Per Credit Hour page to find out more.
References
More about our data sources and methodologies.