by our College Data Analytics TeamThe majority 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 sum total of attendance at Central State University can sound overpowering, but remember that the majority of students get some type of financial assistance.
Just what financial assistance solutions will Central State University provide, and just what are you going to be eligible for? Read on for answers. Scroll down to learn how much school funding will 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 Central State 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. Note that some aid is more valuable than the rest, and individual awards are far from uniform.
Among first-time, full-time freshmen at Central State University, 99% of new full-time first-years were awarded at least some aid some 521 students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 99% | $18,654 |
| Institutional grants & scholarships | 91% | $5,433 |
| Federal Pell grants | 71% | $6,186 |
| State/local grants | 80% | $4,517 |
| Federal student loans | 74% | $6,108 |
Because grants and scholarships do not have to be repaid, they are the most sought-after type of financial aid. Here, approximately 92% of the undergraduate population received grant aid that averaged $7,074 (across approximately 3152 undergraduates).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 92% | $7,074 |
| Federal Pell grants | 53% | $5,397 |
| Federal student loans | 42% | $6,632 |
For students living on campus and receiving title-IV aid, grants averaged $8,833.
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 | $15,963 |
| $30,001 – $75,000 | $17,256 |
| Over $75,000 | $21,211 |
The numbers above are post-aid net prices, so they already account for grants and scholarships.
The net price represents the average annual cost a title-IV-receiving student pays after grant aid is subtracted from the full cost of attendance.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $13,096 |
| Off-campus title-IV students | $16,544 |
For an estimate tailored to your family circumstances, see Central State University’s net price tool: centralstate.clearcostcalculator.com/student/default/netpricecalculator/surveycentralstate.studentaidcalculator.com/survey.aspx.
The median federal debt load at Central State University comes to $13,740 in federal student debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $13,740 |
| Median federal debt (graduates only) | $30,739 |
| Typical 10-year monthly payment (graduates) | $325.88/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 figures below chart the debt distribution at Central State University.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,500 |
| 25th percentile | $5,500 |
| 75th percentile | $31,000 |
| 90th percentile (highest-debt students) | $46,868 |
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 | $12,500 |
| Middle income | $14,250 |
| High income | $18,340 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $13,000 |
| Continuing-generation students | $14,250 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $13,544 |
| Independent students | $13,877 |
Federal data publishes pre-calculated indicators that summarize debt outcomes. Central State University.
Stafford loans are the federal government’s primary direct undergraduate lending program. The aggregate figures below show how active the program is at Central State University:
| Metric | Value |
|---|---|
| Stafford loan recipients | 17498 |
| Total Stafford loan amount | $392,628,869 |
If you are a veteran or active-duty service member, the GI Bill and DoD Tuition Assistance are the primary federal programs you can use at this school.
GI Bill volume
| Metric | Value |
|---|---|
| GI Bill recipients | 130 |
| Total GI Bill amount | $358,950 |
| Average GI Bill amount per recipient | $2,761 |
References
More about our data sources and methodologies.