by our College Data Analytics TeamA lot of 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 Hendrix College can feel overwhelming, but bear in mind that many students receive some sort of financial aid.
What financial aid options can Hendrix offer you, and what will you qualify for? Keep reading for more information. Keep going to see just how much financial aid could be open to you.
Your financial aid package, which may contain grants and scholarships, will be determined on your financial need. Read on to get a sense of the financial assistance available at Hendrix College.
Financial aid, in the form of loans, grants, work-study, and scholarships, is one way colleges reduce the cost of attendance so most students can actually afford to attend. However, some types of aid are more desirable than others, and some students will receive more than others.
Among first-time, full-time freshmen at Hendrix College, 100% of new full-time first-years were awarded at least some aid some 275 new students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 100% | $29,930 |
| Institutional grants & scholarships | 100% | $26,884 |
| Federal Pell grants | 25% | $5,763 |
| State/local grants | 38% | $3,693 |
| Federal student loans | 52% | $5,199 |
The best aid is gift aid: grants and scholarships that carry no repayment obligation. At Hendrix, around 100% of undergraduate students received gift aid averaging $34,346 (across roughly 1090 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 100% | $34,346 |
| Federal Pell grants | 23% | $5,461 |
| Federal student loans | 45% | $6,289 |
For on-campus title-IV students, average grant aid came to $30,864.
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 | $18,818 |
| $30,001 – $75,000 | $21,530 |
| Over $75,000 | $26,032 |
Each amount is the average cost remaining once grant aid is subtracted, by income band.
The net price represents the average annual cost a title-IV-receiving student pays after grant aid is subtracted from the full cost of attendance.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $24,149 |
| Off-campus title-IV students | $23,409 |
For a personalized estimate based on your family’s financial situation, use Hendrix’s net price calculator: app.meadowfi.com/hendrix.
The middle student in the debt distribution at Hendrix owes $19,500 of cumulative federal debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $19,500 |
| Median federal debt (graduates only) | $26,688 |
| Typical 10-year monthly payment (graduates) | $282.94/mo |
Spreading the median graduate debt over a standard 10-year repayment schedule works out to roughly the monthly payment shown above.
A single median figure conceals how much debt outcomes differ student to student. The figures below chart the debt distribution at Hendrix.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $5,500 |
| 25th percentile | $8,250 |
| 75th percentile | $27,000 |
| 90th percentile (highest-debt students) | $29,000 |
Median debt varies by family income, by first-generation status, and by dependency status.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $19,488 |
| Middle income | $20,750 |
| High income | $19,500 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $19,500 |
| Continuing-generation students | $19,500 |
These indicators are derived from the underlying debt data and summarize the overall picture at Hendrix.
Most undergraduate borrowing runs through the federal Stafford loan program. The aggregate figures below show how active the program is at Hendrix:
| Metric | Value |
|---|---|
| Stafford loan recipients | 3547 |
| Total Stafford loan amount | $56,991,248 |
Military-affiliated students can tap the Post-9/11 GI Bill and DoD Tuition Assistance.
Post-9/11 GI Bill recipients
| Metric | Value |
|---|---|
| GI Bill recipients | 9 |
| Total GI Bill amount | $189,074 |
| Average GI Bill amount per recipient | $21,008 |
References
More about our data sources and methodologies.