by our College Data Analytics TeamA lot of students will not be asked to pay the complete price tag of a school. Rather, they are presented a financial aid deal that includes a mix of loans, grants, scholarships, and possibly work-study opportunities. The sum total of attendance at Augsburg University can sound overwhelming, but bear in mind that many students get some type of financial aid.
What financial assistance options will Augsburg offer you, and what will you qualify for? Read on for more information. Read on to find out what amount of financial assistance will be accessible to you.
The amount of financial aid you can receive varies from person to person and will depend on your family’s economic situation. Use the information below to understand how much financial assistance you may get from Augsburg University.
Through a mix of loans, grants, work-study and scholarships, schools bring down the effective cost so more students can attend. Note that some aid is more valuable than the rest, and individual awards are far from uniform.
Among first-time, full-time freshmen at Augsburg University, 100% of the incoming full-time class was awarded financial aid approximately 673 incoming students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 100% | $37,850 |
| Institutional grants & scholarships | 100% | $27,404 |
| Federal Pell grants | 70% | $5,913 |
| State/local grants | 82% | $7,262 |
| Federal student loans | 79% | $5,691 |
Grants and scholarships are the most valuable form of aid because, unlike loans, they never have to be repaid. At this school, about 98% of undergraduate students received gift aid averaging $34,187 (covering around 2374 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 98% | $34,187 |
| Federal Pell grants | 56% | $5,804 |
| Federal student loans | 77% | $6,746 |
For students living on campus and receiving title-IV aid, grants averaged $38,430.
Need-based aid means lower-income families typically pay far less than the sticker price suggests.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $21,166 |
| $30,001 – $75,000 | $20,692 |
| Over $75,000 | $28,324 |
Each figure is the net price after grants and scholarships, not the published sticker price.
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 | $23,873 |
| Off-campus title-IV students | $23,875 |
To project your own net price, use Augsburg’s net price calculator: admissions.augsburg.edu/register/NPC.
A typical borrower at Augsburg leaves with $19,500 in federal student debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $19,500 |
| Median federal debt (graduates only) | $25,347 |
| Typical 10-year monthly payment (graduates) | $268.72/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. The percentiles below describe the cumulative federal debt distribution for borrowers at Augsburg.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $5,500 |
| 25th percentile | $10,500 |
| 75th percentile | $30,500 |
| 90th percentile (highest-debt students) | $40,000 |
How much a student borrows depends heavily on family income, first-gen status, and dependency.
Debt by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $19,500 |
| Middle income | $18,750 |
| High income | $20,000 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $18,313 |
| Continuing-generation students | $21,500 |
Dependent vs Independent Students
| Cohort | Median federal debt |
|---|---|
| Dependent students | $18,625 |
| Independent students | $23,702 |
Federal data publishes pre-calculated indicators that summarize debt outcomes. Augsburg.
The Stafford program is the federal direct-loan vehicle most undergraduates use. These figures summarize annual Stafford program activity at Augsburg:
| Metric | Value |
|---|---|
| Stafford loan recipients | 13714 |
| Total Stafford loan amount | $356,003,090 |
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 | 29 |
| Total GI Bill amount | $442,957 |
| Average GI Bill amount per recipient | $15,274 |
DoD program volume
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 14 |
| Total DoD amount | $53,500 |
| Average DoD amount per recipient | $3,821 |
References
More about our data sources and methodologies.