by our College Data Analytics TeamMany 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 price tag of going to Aspen University can appear overpowering, but remember that the majority of students obtain some kind of financial assistance.
What financial aid options can Aspen University offer you, and what will you qualify for? Keep reading for more information. Keep going to see what amount of financial assistance could be accessible to you.
The amount of financial aid and scholarships you are eligible for will vary depending on your family’s income. The figures below will help you estimate the aid you might receive from Aspen University.
Colleges use loans, grants, scholarships and work-study to minimize what students actually pay out of pocket. Bear in mind that not all aid is equal, and the amount any one student receives can vary widely.
Because grants and scholarships do not have to be repaid, they are the most sought-after type of financial aid. Here, approximately 10% of undergraduates were awarded an average grant or scholarship of $4,594 (across roughly 243 awardees).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 10% | $4,594 |
| Federal Pell grants | 10% | $4,628 |
| Federal student loans | 10% | $10,298 |
The median student at Aspen University graduates with $7,802 of cumulative federal debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $7,802 |
| Median federal debt (graduates only) | $15,756 |
| Typical 10-year monthly payment (graduates) | $167.04/mo |
Spreading the median graduate debt over a standard 10-year repayment schedule works out to roughly the monthly payment shown above.
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 Aspen University.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $1,932 |
| 25th percentile | $3,474 |
| 75th percentile | $12,500 |
| 90th percentile (highest-debt students) | $21,283 |
Outcomes differ by income bracket, by first-generation status, and by whether a student is financially dependent.
Debt by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $7,752 |
| Middle income | $7,532 |
| High income | $8,443 |
First-Gen vs Continuing-Gen Median Debt
| Cohort | Median federal debt |
|---|---|
| First-generation students | $7,751 |
| Continuing-generation students | $8,113 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,500 |
| Independent students | $8,185 |
These indicators are derived from the underlying debt data and summarize the overall picture at Aspen University.
Most undergraduate borrowing runs through the federal Stafford loan program. The totals below capture Stafford lending at Aspen University:
| Metric | Value |
|---|---|
| Stafford loan recipients | 6379 |
| Total Stafford loan amount | $115,583,108 |
The GI Bill and DoD Tuition Assistance are the main federal aid routes for veterans and service members.
Post-9/11 GI Bill recipients
| Metric | Value |
|---|---|
| GI Bill recipients | 32 |
| Total GI Bill amount | $160,574 |
| Average GI Bill amount per recipient | $5,018 |
DoD Tuition Assistance activity
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 14 |
| Total DoD amount | $50,823 |
| Average DoD amount per recipient | $3,630 |
References
More about our data sources and methodologies.