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 sum total of attendance at Herzing University-Akron can sound overwhelming, but bear in mind that many students get some type of financial aid.
What financing options does Herzing Akron offer, and what will you qualify for? Keep scrolling for more information. Read on to learn how much school funding will be available to you.
The amount of financial aid you can receive varies from person to person and will depend on your family’s economic situation. The information provided on this page can help you determine how much aid you may receive from Herzing University-Akron.
Colleges use loans, grants, scholarships and work-study to minimize what students actually pay out of pocket. Some kinds of aid are clearly preferable to others, and outcomes differ across students.
Among first-time, full-time freshmen at Herzing University-Akron, 96% of first-year full-time students received aid of some kind around 49 freshmen).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 90% | $8,940 |
| Institutional grants & scholarships | 61% | $2,900 |
| Federal Pell grants | 76% | $5,590 |
| State/local grants | 49% | $3,649 |
| Federal student loans | 84% | $8,719 |
Unlike loans, grants and scholarships are gift aid that does not need to be paid back, making them the most desirable form of assistance. At Herzing Akron, about 95% of the undergraduate population received grant aid that averaged $7,917 (among about 363 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 95% | $7,917 |
| Federal Pell grants | 76% | $4,905 |
| Federal student loans | 83% | $7,275 |
On-campus students receiving title-IV aid were awarded grants averaging $8,483.
Since aid is largely need-based, the real cost of attendance falls steeply for lower-income families.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $19,799 |
| $30,001 – $75,000 | $22,928 |
| Over $75,000 | $23,605 |
The numbers above are post-aid net prices, so they already account for grants and scholarships.
Net price is the cost remaining after grant and scholarship aid is subtracted from the sticker price, and it is the most useful single number for estimating real cost.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $18,934 |
| Off-campus title-IV students | $20,320 |
For a customized cost estimate, visit Herzing Akron’s NPC: www.herzing.edu/tuition-financial-aid/net-price-calculator.
The median federal debt load at Herzing Akron comes to $11,756 in federal loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $11,756 |
| Median federal debt (graduates only) | $21,500 |
| Typical 10-year monthly payment (graduates) | $227.94/mo |
That monthly figure reflects the median graduate debt repaid on a standard 10-year federal schedule.
The median alone does not show how widely outcomes vary across the student body. These percentiles trace how cumulative federal debt is spread among borrowers at Herzing Akron.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,466 |
| 25th percentile | $4,750 |
| 75th percentile | $23,024 |
| 90th percentile (highest-debt students) | $34,866 |
The figures below break down median federal debt by income tier, first-generation status, and dependency.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $10,662 |
| Middle income | $13,130 |
| High income | $15,250 |
First-Gen vs Continuing-Gen Median Debt
| Cohort | Median federal debt |
|---|---|
| First-generation students | $11,350 |
| Continuing-generation students | $14,080 |
Dependent vs Independent Students
| Cohort | Median federal debt |
|---|---|
| Dependent students | $11,000 |
| Independent students | $12,018 |
Federal data publishes pre-calculated indicators that summarize debt outcomes. Herzing Akron.
Most undergraduate borrowing runs through the federal Stafford loan program. These figures summarize annual Stafford program activity at Herzing Akron:
| Metric | Value |
|---|---|
| Stafford loan recipients | 65469 |
| Total Stafford loan amount | $1,220,839,012 |
The GI Bill and DoD Tuition Assistance are the main federal aid routes for veterans and service members.
GI Bill volume
| Metric | Value |
|---|---|
| GI Bill recipients | 10 |
| Total GI Bill amount | $69,157 |
| Average GI Bill amount per recipient | $6,916 |
Active-duty Tuition Assistance recipients
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 0 |
| Total DoD amount | $0 |
References
More about our data sources and methodologies.