by our College Data Analytics TeamMost students won’t pay the advertised price of a school. Instead, they will be provided with a financial aid plan that includes a mix of scholarships, grants, loans, and work-study. But some kinds of aid are more desirable than others, and some students will get more than others.
What amount of Waubonsee financial assistance will actually be available to you?Get answers to your questions here.
$5,330.00 is the typical Waubonsee Community College’s first year financial aid package. Approximately 54% of incoming freshmen obtain financial assistance, with the majority being offered as grants and scholarships.
A financial aid package includes loans, grants, and scholarships. However, student loans have to be paid back, so they aren’t a true discount.
Student debt really should be considered to be an added expense and not as “aid” or a “discount”. Find more about student loan debt at Waubonsee Community College.
Institutional scholarships and grants are financial aid awards given by colleges and universities to help students manage tuition costs and other education-related expenses. These awards, which do not need to be repaid, can be classified as merit-based or need-based. Students who excel academically, possess unique talents, or have specific skills can be eligible for merit-based institutional scholarships. Factors such as high school performance, standardized test scores, or participation in extracurricular activities often contribute to eligibility for these scholarships. Need-based institutional grants, on the other hand, are awarded to students who demonstrate financial need. The amount given is generally based on the student’s family’s financial situation, aiming to cover the gap between the cost of attendance and the family’s capacity to pay. To assess a student’s eligibility for need-based grants, colleges and universities may rely on information from the Free Application for Federal Student Aid (FAFSA) or other financial aid forms. Institutional scholarships and grants are essential for students, as they can substantially lower college expenses and make higher education more affordable.
The stats below refer to aid that is provided by Waubonsee Community College.
11% of first-year students (109 total) were offered scholarships at Waubonsee Community College, averaging $2,679.00 per person. This puts it in the top 50th percentile among colleges and universities nationwide.
In addition to scholarships, 33% of first years (319 total) were awarded federal grant aid, averaging $4,931.00 each.
The next table shows grant and scholarship distributions by income for first-year students getting any form of federally-funded Title IV aid, including Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 15.60% | $7,112.00 |
| Income 30k-48k | 8.88% | $5,579.00 |
| Income 48k-75k | 5.99% | $2,333.00 |
| Income 75k-110k | 0.83% | $189.00 |
| Income 110k + | 0.21% | $132.00 |
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.
Of the 968 undergraduate students at Waubonsee Community College around 54% (401 total) receive some form of grant aid. The typical amount awarded was $5,330.00.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.