by our College Data Analytics TeamA lot of students are not billed 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 Centenary University can seem overpowering, but remember that the majority of students are given some form of financial assistance.
Just what financial assistance solutions will Centenary deliver, and just what are you going to be eligible for? Read on for answers. Keep reading to see how much school funding could be available 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 Centenary University.
Through a mix of loans, grants, work-study and scholarships, schools bring down the effective cost so more students can attend. However, some types of aid are more desirable than others, and some students will receive more than others.
For incoming first-year students at Centenary University, 100% of first-year full-time students received aid of some kind some 178 students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 99% | $29,617 |
| Institutional grants & scholarships | 99% | $21,721 |
| Federal Pell grants | 39% | $7,272 |
| State/local grants | 42% | $10,874 |
| Federal student loans | 62% | $5,513 |
Unlike loans, grants and scholarships are gift aid that does not need to be paid back, making them the most desirable form of assistance. Across the undergraduate body at Centenary, some 63% of the undergraduate population received grant aid that averaged $44,247 (across roughly 602 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 63% | $44,247 |
| Federal Pell grants | 38% | $5,878 |
| Federal student loans | 63% | $5,776 |
For students living on campus and receiving title-IV aid, grants averaged $31,859.
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 | $13,641 |
| $30,001 – $75,000 | $14,498 |
| Over $75,000 | $23,707 |
The numbers above are post-aid net prices, so they already account for grants and scholarships.
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 | $20,503 |
| Off-campus title-IV students | $19,037 |
To project your own net price, use Centenary’s official net price calculator: www.centenaryuniversity.edu/NetPrice/index.html.
Graduating students at Centenary carry a median federal student debt of $19,321 in federal loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $19,321 |
| Median federal debt (graduates only) | $23,163 |
| Typical 10-year monthly payment (graduates) | $245.57/mo |
That monthly figure reflects the median graduate debt repaid on a standard 10-year federal schedule.
Looking only at the median can be misleading because it hides the spread. The figures below chart the debt distribution at Centenary.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $5,000 |
| 25th percentile | $9,500 |
| 75th percentile | $27,000 |
| 90th percentile (highest-debt students) | $33,856 |
Debt outcomes are not uniform — they shift with income, first-generation status, and dependency.
Debt by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $19,408 |
| Middle income | $20,000 |
| High income | $19,000 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $19,000 |
| Continuing-generation students | $19,500 |
Dependent vs Independent Students
| Cohort | Median federal debt |
|---|---|
| Dependent students | $18,250 |
| Independent students | $23,571 |
The figure below distills the debt data into a single burden category for Centenary.
The Stafford loan program is the largest source of federal direct loans to undergraduates. These figures summarize annual Stafford program activity at Centenary:
| Metric | Value |
|---|---|
| Stafford loan recipients | 6456 |
| Total Stafford loan amount | $138,039,672 |
GI Bill and DoD Tuition Assistance are the two federal aid programs targeted at military-affiliated students.
Post-9/11 GI Bill activity
| Metric | Value |
|---|---|
| GI Bill recipients | 8 |
| Total GI Bill amount | $192,191 |
| Average GI Bill amount per recipient | $24,024 |
DoD Tuition Assistance activity
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 2 |
| Total DoD amount | $4,250 |
| Average DoD amount per recipient | $2,125 |
References
More about our data sources and methodologies.