by our College Data Analytics TeamMany students are not billed the advertised price of a school. Instead, they will be provided a financial aid package that will include a combination of scholarships, grants, loans, and work-study. The total price of attendance at Carson-Newman University can feel tremendous, but do not forget that almost all students receive some sort of financial help.
What financial aid options can Carson - Newman offer, and what will you qualify for? Keep reading for more information. Read on to find out just how much financial aid will be open to you.
Your financial aid package, which may contain grants and scholarships, will be determined on your financial need. The information provided on this page can help you determine how much aid you may receive from Carson-Newman University.
Through a mix of loans, grants, work-study and scholarships, schools bring down the effective cost so more students can attend. Some kinds of aid are clearly preferable to others, and outcomes differ across students.
For incoming first-year students at Carson-Newman University, 100% of the incoming full-time class was awarded financial aid approximately 360 freshmen).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 100% | $28,090 |
| Institutional grants & scholarships | 100% | $21,114 |
| Federal Pell grants | 46% | $5,521 |
| State/local grants | 66% | $6,387 |
| Federal student loans | 60% | $5,007 |
The best aid is gift aid: grants and scholarships that carry no repayment obligation. At Carson - Newman, roughly 95% of undergraduates were awarded grant or scholarship aid averaging $22,527 (for some 1589 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 95% | $22,527 |
| Federal Pell grants | 33% | $5,666 |
| Federal student loans | 46% | $6,295 |
Title-IV recipients living on campus saw average grant aid of $28,773.
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 | $15,345 |
| $30,001 – $75,000 | $16,599 |
| Over $75,000 | $24,739 |
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 | $20,251 |
| Off-campus title-IV students | $18,661 |
To project your own net price, use Carson - Newman’s net price tool: www.cn.edu/netpricecalculator/.
The median student at Carson - Newman graduates with $14,519 in federal student debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $14,519 |
| Median federal debt (graduates only) | $21,500 |
| Typical 10-year monthly payment (graduates) | $227.94/mo |
Spreading the median graduate debt over a standard 10-year repayment schedule works out to roughly the monthly payment shown above.
The numbers below show the full range, not just the middle of the distribution. The percentiles below describe the cumulative federal debt distribution for borrowers at Carson - Newman.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,750 |
| 25th percentile | $5,500 |
| 75th percentile | $26,000 |
| 90th percentile (highest-debt students) | $31,190 |
Outcomes differ by income bracket, by first-generation status, and by whether a student is financially dependent.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $13,250 |
| Middle income | $15,316 |
| High income | $15,000 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $14,250 |
| Continuing-generation students | $15,000 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $15,000 |
| Independent students | $13,191 |
Federal data publishes pre-calculated indicators that summarize debt outcomes. Carson - Newman.
Most undergraduate borrowing runs through the federal Stafford loan program. Below is the annual Stafford program activity at Carson - Newman:
| Metric | Value |
|---|---|
| Stafford loan recipients | 9991 |
| Total Stafford loan amount | $201,984,539 |
GI Bill and DoD Tuition Assistance are the two federal aid programs targeted at military-affiliated students.
Post-9/11 GI Bill recipients
| Metric | Value |
|---|---|
| GI Bill recipients | 82 |
| Total GI Bill amount | $550,989 |
| Average GI Bill amount per recipient | $6,719 |
DoD Tuition Assistance activity
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 8 |
| Total DoD amount | $13,500 |
| Average DoD amount per recipient | $1,688 |
References
More about our data sources and methodologies.