by our College Data Analytics TeamA lot of students will never be charged 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 price tag of going to Augustana College can appear overpowering, but remember that the majority of students obtain some kind of financial assistance.
Just what financial assistance solutions will Augustana provide, and just what are you going to be eligible for? Read on for answers. Keep reading to learn just how much financial aid will 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. Continue reading to find information to help you understand just how much assistance you can expect to receive from Augustana College.
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.
For freshmen starting at Augustana College, 100% of first-year full-time students received aid of some kind around 723 students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 100% | $39,242 |
| Institutional grants & scholarships | 100% | $36,094 |
| Federal Pell grants | 25% | $5,495 |
| State/local grants | 22% | $7,832 |
| Federal student loans | 52% | $5,140 |
The best aid is gift aid: grants and scholarships that carry no repayment obligation. At this school, approximately 99% of undergraduates were awarded an average grant or scholarship of $35,927 (for some 2418 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 99% | $35,927 |
| Federal Pell grants | 24% | $5,442 |
| Federal student loans | 55% | $6,726 |
Title-IV recipients living on campus saw average grant aid of $40,817.
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 | $15,376 |
| $30,001 – $75,000 | $16,742 |
| Over $75,000 | $10,290 |
These figures reflect what title-IV aid recipients pay after grant and scholarship aid is applied.
The net price represents the average annual cost a title-IV-receiving student pays after grant aid is subtracted from the full cost of attendance.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $22,736 |
| Off-campus title-IV students | $23,127 |
To get a personalized net price estimate, try Augustana’s NPC: [tcc.noellevitz.com/(S(2tzw1svr3ikxoegcvlbpwpef))/Augustana College/Freshman Students](https://tcc.noellevitz.com/(S(2tzw1svr3ikxoegcvlbpwpef))/Augustana College/Freshman Students).
The median federal debt load at Augustana comes to $26,000 of federal student loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $26,000 |
| Median federal debt (graduates only) | $27,000 |
| Typical 10-year monthly payment (graduates) | $286.24/mo |
That monthly figure reflects the median graduate debt repaid on a standard 10-year federal schedule.
Percentiles reveal the spread — half of all borrowers fall between the 25th and 75th percentiles. Use the percentiles below to see the debt range at Augustana.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $5,500 |
| 25th percentile | $12,610 |
| 75th percentile | $27,000 |
| 90th percentile (highest-debt students) | $35,000 |
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 | $25,000 |
| Middle income | $25,280 |
| High income | $26,000 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $26,000 |
| Continuing-generation students | $26,000 |
A handful of calculated indicators summarize the debt outlook at Augustana.
Stafford loans make up the bulk of federal direct lending to undergraduates. The aggregate figures below show how active the program is at Augustana:
| Metric | Value |
|---|---|
| Stafford loan recipients | 8374 |
| Total Stafford loan amount | $138,795,719 |
GI Bill and DoD Tuition Assistance are the two federal aid programs targeted at military-affiliated students.
GI Bill volume
| Metric | Value |
|---|---|
| GI Bill recipients | 15 |
| Total GI Bill amount | $260,592 |
| Average GI Bill amount per recipient | $17,373 |
References
More about our data sources and methodologies.