by our College Data Analytics TeamMost students are not billed the full, advertised sticker price of a school. Instead, they will be given a financial aid offer that will include a combination of scholarships, grants, loans, and work-study. The total price of attendance at Alverno College can feel overwhelming, but bear in mind that many students receive some sort of financial aid.
What financial assistance options will Alverno offer you, and what will you qualify for? Read on for more information. Keep reading to find out what amount of financial assistance will be accessible to you.
The amount of financial aid and scholarships you are eligible for will vary depending on your family’s income. Continue reading to find information to help you understand just how much assistance you can expect to receive from Alverno College.
Financial assistance, available as scholarships, loans, and work-study, is a way schools lower the price of attendance so many students can enroll. However, some types of aid are more desirable than others, and some students will receive more than others.
For incoming first-year students at Alverno College, 99% of the incoming full-time class was awarded financial aid approximately 144 freshmen).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 98% | $27,086 |
| Institutional grants & scholarships | 98% | $20,289 |
| Federal Pell grants | 65% | $5,970 |
| State/local grants | 66% | $3,998 |
| Federal student loans | 51% | $5,060 |
Because grants and scholarships do not have to be repaid, they are the most sought-after type of financial aid. At Alverno, roughly 74% of undergrads got grants or scholarships worth on average $23,047 (across roughly 657 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 74% | $23,047 |
| Federal Pell grants | 45% | $5,460 |
| Federal student loans | 47% | $6,880 |
For students living on campus and receiving title-IV aid, grants averaged $28,822.
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 | $15,887 |
| $30,001 – $75,000 | $17,072 |
| Over $75,000 | $17,479 |
These figures reflect what title-IV aid recipients pay after grant and scholarship aid is applied.
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 | $22,540 |
| Off-campus title-IV students | $16,722 |
To project your own net price, use Alverno’s net price calculator: www.alverno.edu/NPC.
The median student at Alverno graduates with $22,000 of federal borrowing.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $22,000 |
| Median federal debt (graduates only) | $27,000 |
| Typical 10-year monthly payment (graduates) | $286.24/mo |
At a typical 10-year repayment schedule, the median graduate would pay about the monthly figure above.
The numbers below show the full range, not just the middle of the distribution. Use the percentiles below to see the debt range at Alverno.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $4,750 |
| 25th percentile | $10,500 |
| 75th percentile | $36,000 |
| 90th percentile (highest-debt students) | $47,000 |
The figures below break down median federal debt by income tier, first-generation status, and dependency.
Debt by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $24,500 |
| Middle income | $21,496 |
| High income | $18,625 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $22,313 |
| Continuing-generation students | $19,000 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $19,649 |
| Independent students | $24,500 |
Federal data publishes pre-calculated indicators that summarize debt outcomes. Alverno.
The Stafford program is the federal direct-loan vehicle most undergraduates use. These figures summarize annual Stafford program activity at Alverno:
| Metric | Value |
|---|---|
| Stafford loan recipients | 12140 |
| Total Stafford loan amount | $357,181,365 |
The GI Bill and DoD Tuition Assistance are the main federal aid routes for veterans and service members.
Post-9/11 GI Bill activity
| Metric | Value |
|---|---|
| GI Bill recipients | 17 |
| Total GI Bill amount | $294,346 |
| Average GI Bill amount per recipient | $17,314 |
DoD Tuition Assistance activity
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 0 |
| Total DoD amount | $0 |
References
More about our data sources and methodologies.