by our College Data Analytics TeamMost students will never be charged 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 sum total of attendance at Cedarville University can sound overwhelming, but bear in mind that many students get some type of financial aid.
What financial assistance options will Cedarville offer, and what will you qualify for? Read on for more information. Keep reading to discover just how much financial aid could be open to you.
How much aid you qualify for depends largely on your family’s financial circumstances. Use the information below to understand how much financial assistance you may get from Cedarville 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. Keep in mind that certain forms of assistance are more beneficial than others, and aid amounts differ from student to student.
At Cedarville University, 100% of new full-time first-years were awarded at least some aid some 1017 new students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 100% | $22,177 |
| Institutional grants & scholarships | 100% | $20,740 |
| Federal Pell grants | 20% | $4,749 |
| State/local grants | 11% | $4,204 |
| Federal student loans | 42% | $5,171 |
Grants and scholarships are the most valuable form of aid because, unlike loans, they never have to be repaid. At this school, about 77% of undergraduates were awarded an average grant or scholarship of $21,738 (for some 3780 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 77% | $21,738 |
| Federal Pell grants | 15% | $5,164 |
| Federal student loans | 33% | $6,328 |
For students living on campus and receiving title-IV aid, grants averaged $24,852.
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 | $19,754 |
| $30,001 – $75,000 | $19,705 |
| Over $75,000 | $27,337 |
These figures reflect what title-IV aid recipients pay after grant and scholarship aid is applied.
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 | $24,468 |
| Off-campus title-IV students | $25,022 |
To project your own net price, use Cedarville’s NPC: www.cedarville.edu/offices/financial-aid/net-price-calculator.
Graduating students at Cedarville carry a median federal student debt of $17,500 of federal student loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $17,500 |
| Median federal debt (graduates only) | $20,937 |
| Typical 10-year monthly payment (graduates) | $221.97/mo |
The 10-year payment estimate assumes a standard federal repayment plan and the median graduate debt amount.
A single median figure conceals how much debt outcomes differ student to student. The percentiles below describe the cumulative federal debt distribution for borrowers at Cedarville.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $5,065 |
| 25th percentile | $6,500 |
| 75th percentile | $26,317 |
| 90th percentile (highest-debt students) | $28,195 |
Median debt varies by family income, by first-generation status, and by dependency status.
Debt by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $15,000 |
| Middle income | $18,500 |
| High income | $17,250 |
First-Gen vs Continuing-Gen Median Debt
| Cohort | Median federal debt |
|---|---|
| First-generation students | $18,266 |
| Continuing-generation students | $16,824 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $17,500 |
| Independent students | $19,700 |
The figure below distills the debt data into a single burden category for Cedarville.
The Stafford program is the federal direct-loan vehicle most undergraduates use. The annual Stafford volume below reflects program activity at Cedarville:
| Metric | Value |
|---|---|
| Stafford loan recipients | 7703 |
| Total Stafford loan amount | $142,546,539 |
Military-affiliated students can tap the Post-9/11 GI Bill and DoD Tuition Assistance.
Post-9/11 GI Bill recipients
| Metric | Value |
|---|---|
| GI Bill recipients | 89 |
| Total GI Bill amount | $2,487,590 |
| Average GI Bill amount per recipient | $27,950 |
DoD program volume
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 12 |
| Total DoD amount | $45,750 |
| Average DoD amount per recipient | $3,813 |
References
More about our data sources and methodologies.