by our College Data Analytics TeamA large number 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 total cost of going to Bay Path University can seem tremendous, but do not forget that almost all students are given some form of financial help.
Just what financial aid solutions can Bay Path provide, and just what are you going to be eligible for? Keep reading for answers. Keep scrolling to see just how much financial aid could be open 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 Bay Path University.
Through a mix of loans, grants, work-study and scholarships, schools bring down the effective cost so more students can attend. Some kinds of aid are clearly preferable to others, and outcomes differ across students.
For incoming first-year students at Bay Path University, 92% of the incoming full-time class was awarded financial aid roughly 115 freshmen).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 92% | $31,821 |
| Institutional grants & scholarships | 92% | $23,658 |
| Federal Pell grants | 69% | $6,094 |
| State/local grants | 63% | $4,330 |
| Federal student loans | 59% | $5,319 |
The best aid is gift aid: grants and scholarships that carry no repayment obligation. At Bay Path, roughly 72% of undergraduates were awarded grant or scholarship aid averaging $16,572 (for some 924 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 72% | $16,572 |
| Federal Pell grants | 64% | $4,572 |
| Federal student loans | 78% | $7,148 |
For on-campus title-IV students, average grant aid came to $33,037.
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 | $10,547 |
| $30,001 – $75,000 | $11,758 |
| Over $75,000 | $25,162 |
Each amount is the average cost remaining once grant aid is subtracted, by income band.
The net price strips out grant and scholarship aid from the sticker price to show roughly what families really pay.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $14,271 |
| Off-campus title-IV students | $14,590 |
For an estimate tailored to your family circumstances, see Bay Path’s NPC: www.baypath.edu/undergraduate-experience/financial-aid/net-price-calculator.
The middle student in the debt distribution at Bay Path owes $19,100 in federal student debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $19,100 |
| Median federal debt (graduates only) | $24,901 |
| Typical 10-year monthly payment (graduates) | $263.99/mo |
Under a standard ten-year plan, the median graduate’s monthly payment lands near the figure above.
The numbers below show the full range, not just the middle of the distribution. The figures below chart the debt distribution at Bay Path.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,500 |
| 25th percentile | $7,748 |
| 75th percentile | $27,000 |
| 90th percentile (highest-debt students) | $35,500 |
The figures below break down median federal debt by income tier, first-generation status, and dependency.
Debt by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $18,651 |
| Middle income | $18,993 |
| High income | $19,831 |
First-Gen vs Continuing-Gen Median Debt
| Cohort | Median federal debt |
|---|---|
| First-generation students | $19,471 |
| Continuing-generation students | $18,250 |
Dependent vs Independent Students
| Cohort | Median federal debt |
|---|---|
| Dependent students | $19,000 |
| Independent students | $19,138 |
These indicators are derived from the underlying debt data and summarize the overall picture at Bay Path.
Stafford loans make up the bulk of federal direct lending to undergraduates. Below is the annual Stafford program activity at Bay Path:
| Metric | Value |
|---|---|
| Stafford loan recipients | 13227 |
| Total Stafford loan amount | $354,013,523 |
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 | 22 |
| Total GI Bill amount | $286,654 |
| Average GI Bill amount per recipient | $13,030 |
DoD program volume
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 2 |
| Total DoD amount | $2,166 |
| Average DoD amount per recipient | $1,083 |
References
More about our data sources and methodologies.