by our College Data Analytics TeamMost students will never be charged the full sticker price of a school. Rather, they are offered a financial aid plan that includes a mix of loans, grants, scholarships, and possibly work-study opportunities. The sum total of attendance at College Unbound can sound overwhelming, but bear in mind that many students get some type of financial aid.
What financial assistance options will College Unbound offer, and what will you qualify for? Read on for more information. Scroll down to discover what amount of financial assistance could be accessible to you.
Your financial aid package, which may contain grants and scholarships, will be determined on your financial need. The information provided on this page can help you determine how much aid you may receive from College Unbound.
Financial assistance, available as scholarships, loans, and work-study, is a way schools lower the price of attendance so many students can enroll. Bear in mind that not all aid is equal, and the amount any one student receives can vary widely.
For freshmen starting at College Unbound, 100% of first-year full-time students received aid of some kind approximately 14 incoming students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 93% | $6,493 |
| Institutional grants & scholarships | 36% | $900 |
| Federal Pell grants | 71% | $6,783 |
| State/local grants | 14% | $5,900 |
| Federal student loans | 100% | $8,554 |
Grants and scholarships are the most valuable form of aid because, unlike loans, they never have to be repaid. Here, roughly 94% of undergrads got grants or scholarships worth on average $7,321 (for some 376 undergraduates).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 94% | $7,321 |
| Federal Pell grants | 69% | $5,819 |
| Federal student loans | 65% | $8,577 |
For on-campus title-IV students, average grant aid came to $6,030.
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 | $19,116 |
Remember these are net prices — what families pay after gift aid, not before.
The net price strips out grant and scholarship aid from the sticker price to show roughly what families really pay.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $21,108 |
| Off-campus title-IV students | $19,116 |
For an estimate tailored to your family circumstances, see College Unbound’s net price tool: sites.google.com/a/collegeunbound.org/billing/net-price-calculator.
Graduating students at College Unbound carry a median federal student debt of $7,690 of cumulative federal debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $7,690 |
| Median federal debt (graduates only) | $12,500 |
| Typical 10-year monthly payment (graduates) | $132.52/mo |
Spreading the median graduate debt over a standard 10-year repayment schedule works out to roughly the monthly payment shown above.
Median debt varies by family income, by first-generation status, and by dependency status.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $5,500 |
A handful of calculated indicators summarize the debt outlook at College Unbound.
The Stafford loan program is the largest source of federal direct loans to undergraduates. Below is the annual Stafford program activity at College Unbound:
| Metric | Value |
|---|---|
| Stafford loan recipients | 243 |
| Total Stafford loan amount | $2,608,146 |
The GI Bill and DoD Tuition Assistance are the main federal aid routes for veterans and service members.
Post-9/11 GI Bill activity
| Metric | Value |
|---|---|
| GI Bill recipients | 3 |
| Total GI Bill amount | $30,153 |
| Average GI Bill amount per recipient | $10,051 |
References
More about our data sources and methodologies.