by our College Data Analytics TeamMost 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 price of attendance at Carroll University can feel tremendous, but do not forget that almost all students receive some sort of financial help.
What financing options does Carroll U offer you, and what will you qualify for? Keep scrolling for more information. Keep going to learn 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 Carroll University.
Colleges use loans, grants, scholarships and work-study to minimize what students actually pay out of pocket. Bear in mind that not all aid is equal, and the amount any one student receives can vary widely.
At Carroll University, 100% of the incoming full-time class was awarded financial aid some 614 freshmen).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 100% | $25,634 |
| Institutional grants & scholarships | 94% | $24,595 |
| Federal Pell grants | 24% | $4,864 |
| State/local grants | 29% | $4,152 |
| Federal student loans | 57% | $6,993 |
The best aid is gift aid: grants and scholarships that carry no repayment obligation. At this school, roughly 95% of undergraduate students received gift aid averaging $23,598 (for some 2479 awardees).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 95% | $23,598 |
| Federal Pell grants | 23% | $4,984 |
| Federal student loans | 59% | $8,578 |
Among title-IV aid recipients living on campus, grant and scholarship aid averaged $37,446.
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 | $18,847 |
| $30,001 – $75,000 | $21,186 |
| Over $75,000 | $26,781 |
Each figure is the net price after grants and scholarships, not the published sticker price.
After grants and scholarships come off the published price, what remains is the net price — the best estimate of true out-of-pocket cost.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $15,193 |
| Off-campus title-IV students | $24,362 |
For a personalized estimate based on your family’s financial situation, use Carroll U’s official net price calculator: www.carrollu.edu/financial-aid/net-price-calculator.
A typical borrower at Carroll U leaves with $22,000 in federal loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $22,000 |
| Median federal debt (graduates only) | $27,000 |
| Typical 10-year monthly payment (graduates) | $286.24/mo |
Spreading the median graduate debt over a standard 10-year repayment schedule works out to roughly the monthly payment shown above.
The numbers below show the full range, not just the middle of the distribution. The percentiles below describe the cumulative federal debt distribution for borrowers at Carroll U.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $4,750 |
| 25th percentile | $8,750 |
| 75th percentile | $27,500 |
| 90th percentile (highest-debt students) | $34,750 |
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 | $18,625 |
| Middle income | $21,500 |
| High income | $23,250 |
First-Gen vs Continuing-Gen Median Debt
| Cohort | Median federal debt |
|---|---|
| First-generation students | $21,500 |
| Continuing-generation students | $23,000 |
Dependent vs Independent Students
| Cohort | Median federal debt |
|---|---|
| Dependent students | $22,500 |
| Independent students | $18,750 |
The figure below distills the debt data into a single burden category for Carroll U.
Stafford loans make up the bulk of federal direct lending to undergraduates. The aggregate figures below show how active the program is at Carroll U:
| Metric | Value |
|---|---|
| Stafford loan recipients | 11436 |
| Total Stafford loan amount | $218,268,002 |
Military-affiliated students can tap the Post-9/11 GI Bill and DoD Tuition Assistance.
GI Bill volume
| Metric | Value |
|---|---|
| GI Bill recipients | 30 |
| Total GI Bill amount | $419,927 |
| Average GI Bill amount per recipient | $13,998 |
Active-duty Tuition Assistance recipients
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 1 |
| Total DoD amount | $4,000 |
| Average DoD amount per recipient | $4,000 |
References
More about our data sources and methodologies.