by our College Data Analytics TeamThe majority of students will not be asked to pay 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 sum total of attendance at Anderson University can sound overpowering, but remember that the majority of students get some type of financial assistance.
What financing options does Anderson University Indiana offer, and what will you qualify for? Keep scrolling for more information. Scroll down to discover just how much financial aid could be open 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 figures below will help you estimate the aid you might receive from Anderson University.
Through a mix of loans, grants, work-study and scholarships, schools bring down the effective cost so more students can attend. Bear in mind that not all aid is equal, and the amount any one student receives can vary widely.
Looking at the entering class at Anderson University, 100% of new full-time first-years were awarded at least some aid roughly 306 incoming students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 100% | $25,946 |
| Institutional grants & scholarships | 98% | $20,456 |
| Federal Pell grants | 44% | $5,164 |
| State/local grants | 34% | $9,331 |
| Federal student loans | 67% | $5,116 |
Grants and scholarships are the most valuable form of aid because, unlike loans, they never have to be repaid. Here, around 95% of the undergraduate population received grant aid that averaged $28,498 (across approximately 1036 recipients).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 95% | $28,498 |
| Federal Pell grants | 36% | $5,407 |
| Federal student loans | 58% | $6,528 |
For on-campus title-IV students, average grant aid came to $26,564.
How much a family pays depends heavily on income, because most aid is awarded on the basis of financial need.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $19,498 |
| $30,001 – $75,000 | $20,483 |
| Over $75,000 | $24,681 |
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 | $25,021 |
| Off-campus title-IV students | $22,144 |
For an estimate tailored to your family circumstances, see Anderson University Indiana’s online cost calculator: anderson.edu/admissions/financial-aid/net-calculator/.
Graduating students at Anderson University Indiana carry a median federal student debt of $19,500 of cumulative federal debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $19,500 |
| 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.
A single median figure conceals how much debt outcomes differ student to student. These percentiles trace how cumulative federal debt is spread among borrowers at Anderson University Indiana.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $4,750 |
| 25th percentile | $8,750 |
| 75th percentile | $28,302 |
| 90th percentile (highest-debt students) | $40,400 |
The figures below break down median federal debt by income tier, first-generation status, and dependency.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $17,500 |
| Middle income | $19,063 |
| High income | $20,000 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $17,750 |
| Continuing-generation students | $20,000 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $19,430 |
| Independent students | $22,792 |
The Department of Education computes summary indicators that describe debt outcomes at a glance. Anderson University Indiana.
Stafford loans are the federal government’s primary direct undergraduate lending program. Below is the annual Stafford program activity at Anderson University Indiana:
| Metric | Value |
|---|---|
| Stafford loan recipients | 9590 |
| Total Stafford loan amount | $233,499,955 |
If you are a veteran or active-duty service member, the GI Bill and DoD Tuition Assistance are the primary federal programs you can use at this school.
GI Bill volume
| Metric | Value |
|---|---|
| GI Bill recipients | 14 |
| Total GI Bill amount | $184,312 |
| Average GI Bill amount per recipient | $13,165 |
References
More about our data sources and methodologies.