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Cheyney University of Pennsylvania Paying for Your Degree

97% Freshmen Get Financial Aid
$13,124 Average Grant & Scholarship
90% Undergrads Get Grant Aid

Many students are not billed the advertised price of a school. Instead, they will be provided a financial aid package that will include a combination of scholarships, grants, loans, and work-study. The total price of attendance at Cheyney University of Pennsylvania can feel overwhelming, but bear in mind that many students receive some sort of financial aid.

What financing options does Cheyney University of Pennsylvania offer you, and what will you qualify for? Keep scrolling for more information. Keep going to find out just how much financial aid will be open to you.

Understanding Cheyney University of Pennsylvania Financial Aid Info

How much aid you qualify for depends largely on your family’s financial circumstances. Read on to get a sense of the financial assistance available at Cheyney University of Pennsylvania.

Typical First Year Financial Aid at Cheyney University of Pennsylvania

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. Bear in mind that not all aid is equal, and the amount any one student receives can vary widely.

Among first-time, full-time freshmen at Cheyney University of Pennsylvania, 97% of first-year full-time students received aid of some kind some 209 freshmen).

Type of Aid% of Freshmen ReceivingAverage Amount
Grant or scholarship aid (all sources)96%$12,290
Institutional grants & scholarships43%$3,770
Federal Pell grants77%$5,917
State/local grants63%$8,311
Federal student loans63%$5,865

Grant Aid for Undergraduates at Cheyney University of Pennsylvania

Gift aid — grants and scholarships — beats loans every time because none of it has to be repaid. At Cheyney University of Pennsylvania, around 90% of undergraduates were awarded an average grant or scholarship of $13,124 (among about 653 awardees).

Award% of Undergrads ReceivingAverage Amount
Grant or scholarship aid (all sources)90%$13,124
Federal Pell grants66%$5,747
Federal student loans58%$6,703

On-campus students receiving title-IV aid were awarded grants averaging $12,517.

What Families Pay by Income at Cheyney University of Pennsylvania

Since aid is largely need-based, the real cost of attendance falls steeply for lower-income families.

Family IncomeAverage Net Price
$0 – $48,000$9,874
$30,001 – $75,000$8,536
Over $75,000$18,471

Each figure is the net price after grants and scholarships, not the published sticker price.

Net Price at Cheyney University of Pennsylvania

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.

CohortAverage Net Price
On-campus title-IV students$14,265
Off-campus title-IV students$9,837

For a personalized estimate based on your family’s financial situation, use Cheyney University of Pennsylvania’s official net price calculator: www.passhe.edu/answers/Calculator/CH/npcalc-211608.htm.

What Students Owe at Cheyney University of Pennsylvania

The median student at Cheyney University of Pennsylvania graduates with $13,000 of federal student loans.

MetricAmount
Median federal debt (all student-aid borrowers)$13,000
Median federal debt (graduates only)$21,785
Typical 10-year monthly payment (graduates)$230.96/mo

Under a standard ten-year plan, the median graduate’s monthly payment lands near the figure above.

The Full Range of Student Debt

Percentiles reveal the spread — half of all borrowers fall between the 25th and 75th percentiles. Use the percentiles below to see the debt range at Cheyney University of Pennsylvania.

PercentileCumulative Federal Debt
10th percentile (lowest-debt students)$4,250
25th percentile$9,500
75th percentile$34,705
90th percentile (highest-debt students)$43,680

Student Debt by Cohort at Cheyney University of Pennsylvania

How much a student borrows depends heavily on family income, first-gen status, and dependency.

Median Debt by Income Bracket

Income tierMedian federal debt
Low income$15,125
Middle income$13,250
High income$6,500

By First-Generation Status

CohortMedian federal debt
First-generation students$13,375
Continuing-generation students$10,000

Dependent vs Independent Students

CohortMedian federal debt
Dependent students$12,000
Independent students$19,500

Is the Debt Manageable?

A handful of calculated indicators summarize the debt outlook at Cheyney University of Pennsylvania.

Stafford Loan Activity at Cheyney University of Pennsylvania

The Stafford loan program is the largest source of federal direct loans to undergraduates. These figures summarize annual Stafford program activity at Cheyney University of Pennsylvania:

MetricValue
Stafford loan recipients9274
Total Stafford loan amount$225,047,072

Veterans Benefits at Cheyney University of Pennsylvania

Military-affiliated students can tap the Post-9/11 GI Bill and DoD Tuition Assistance.

Post-9/11 GI Bill activity

MetricValue
GI Bill recipients0
Total GI Bill amount$0

DoD program volume

MetricValue
DoD Tuition Assistance recipients0
Total DoD amount$0

External Resources for Cheyney University of Pennsylvania

References

More about our data sources and methodologies.

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