by our College Data Analytics TeamThe majority of students will never be charged 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 total price of attendance at Austin Peay State University can feel overwhelming, but bear in mind that many students receive some sort of financial aid.
What financial assistance options will Austin Peay State University offer you, and what will you qualify for? Read on for more information. Keep scrolling to see what amount of financial assistance could be accessible to you.
Eligibility for aid and scholarships is driven mostly by your household’s income and need. Read on to get a sense of the financial assistance available at Austin Peay State University.
Through a mix of loans, grants, work-study and scholarships, schools bring down the effective cost so more students can attend. Keep in mind that certain forms of assistance are more beneficial than others, and aid amounts differ from student to student.
At Austin Peay State University, 99% of new full-time first-years were awarded at least some aid (about 1430 students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 96% | $11,290 |
| Institutional grants & scholarships | 80% | $3,062 |
| Federal Pell grants | 57% | $5,869 |
| State/local grants | 82% | $6,096 |
| Federal student loans | 42% | $5,164 |
Grants and scholarships are the most valuable form of aid because, unlike loans, they never have to be repaid. At Austin Peay State University, about 89% of undergraduate students received gift aid averaging $9,742 (across approximately 7660 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 89% | $9,742 |
| Federal Pell grants | 43% | $5,566 |
| Federal student loans | 34% | $6,521 |
Title-IV recipients living on campus saw average grant aid of $12,498.
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 | $12,707 |
| $30,001 – $75,000 | $14,746 |
| Over $75,000 | $19,290 |
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 | $9,735 |
| Off-campus title-IV students | $14,846 |
For an estimate tailored to your family circumstances, see Austin Peay State University’s NPC: app.meadowfi.com/apsu.
The median federal debt load at Austin Peay State University comes to $13,202 of federal student loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $13,202 |
| Median federal debt (graduates only) | $20,547 |
| Typical 10-year monthly payment (graduates) | $217.83/mo |
At a typical 10-year repayment schedule, the median graduate would pay about the monthly figure 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 Austin Peay State University.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,977 |
| 25th percentile | $5,500 |
| 75th percentile | $25,738 |
| 90th percentile (highest-debt students) | $38,133 |
Median debt varies by family income, by first-generation status, and by dependency status.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $13,750 |
| Middle income | $13,250 |
| High income | $12,500 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $13,250 |
| Continuing-generation students | $13,000 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $12,602 |
| Independent students | $14,583 |
Federal data publishes pre-calculated indicators that summarize debt outcomes. Austin Peay State University.
Most undergraduate borrowing runs through the federal Stafford loan program. These figures summarize annual Stafford program activity at Austin Peay State University:
| Metric | Value |
|---|---|
| Stafford loan recipients | 37631 |
| Total Stafford loan amount | $868,636,088 |
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 | 1127 |
| Total GI Bill amount | $8,817,090 |
| Average GI Bill amount per recipient | $7,824 |
DoD Tuition Assistance activity
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 934 |
| Total DoD amount | $2,260,033 |
| Average DoD amount per recipient | $2,420 |
References
More about our data sources and methodologies.