by our College Data Analytics TeamMost students are not billed 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 total cost of going to Brigham Young University can seem overpowering, but remember that the majority of students are given some form of financial assistance.
Just what financial assistance solutions will BYU deliver, and just what are you going to be eligible for? Read on for answers. Keep reading to discover how much school funding could be available to you.
The amount of financial aid and scholarships you are eligible for will vary depending on your family’s income. Continue reading to find information to help you understand just how much assistance you can expect to receive from Brigham Young University.
Financial aid, in the form of loans, grants, work-study, and scholarships, is one way colleges reduce the cost of attendance so most students can actually afford to attend. Some kinds of aid are clearly preferable to others, and outcomes differ across students.
For freshmen starting at Brigham Young University, 68% of first-year full-time students received aid of some kind approximately 3956 students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 51% | $6,088 |
| Institutional grants & scholarships | 48% | $4,481 |
| Federal Pell grants | 12% | $5,241 |
| State/local grants | 13% | $1,955 |
| Federal student loans | 8% | $5,560 |
Because grants and scholarships do not have to be repaid, they are the most sought-after type of financial aid. Here, about 73% of undergraduate students received gift aid averaging $7,639 (among about 23388 undergraduates).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 73% | $7,639 |
| Federal Pell grants | 32% | $6,131 |
| Federal student loans | 11% | $6,088 |
Among title-IV aid recipients living on campus, grant and scholarship aid averaged $7,126.
Because need-based aid scales with family income, what students actually pay differs sharply across income brackets.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $9,754 |
| $30,001 – $75,000 | $11,579 |
| Over $75,000 | $18,488 |
Each amount is the average cost remaining once grant aid is subtracted, by income band.
Net price is the average annual cost after grants and scholarships are subtracted from the published cost of attendance — the figure closest to what a typical aid-receiving student actually pays.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $15,564 |
| Off-campus title-IV students | $14,487 |
To get a personalized net price estimate, try BYU’s NPC: enrollment.byu.edu/financialaid/net-price-calculator.
The median federal debt load at BYU comes to $8,310 in federal student debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $8,310 |
| Median federal debt (graduates only) | $11,069 |
| Typical 10-year monthly payment (graduates) | $117.35/mo |
The 10-year payment estimate assumes a standard federal repayment plan and the median graduate debt amount.
The numbers below show the full range, not just the middle of the distribution. These percentiles trace how cumulative federal debt is spread among borrowers at BYU.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,750 |
| 25th percentile | $5,018 |
| 75th percentile | $16,435 |
| 90th percentile (highest-debt students) | $26,683 |
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 | $8,000 |
| Middle income | $9,000 |
| High income | $8,250 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $9,000 |
| Continuing-generation students | $8,000 |
Dependent vs Independent Students
| Cohort | Median federal debt |
|---|---|
| Dependent students | $8,454 |
| Independent students | $8,250 |
A handful of calculated indicators summarize the debt outlook at BYU.
Most undergraduate borrowing runs through the federal Stafford loan program. The aggregate figures below show how active the program is at BYU:
| Metric | Value |
|---|---|
| Stafford loan recipients | 34895 |
| Total Stafford loan amount | $590,375,558 |
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 | 227 |
| Total GI Bill amount | $930,710 |
| Average GI Bill amount per recipient | $4,100 |
References
More about our data sources and methodologies.