by our College Data Analytics TeamMost students are not billed 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 Concordia University Ann Arbor can sound tremendous, but do not forget that almost all students get some type of financial help.
Just what financial assistance solutions will Concordia University, Ann Arbor deliver, and just what are you going to be eligible for? Read on for answers. Read on to see how much school funding could be available to you.
The amount of financial aid and scholarships you are eligible for will vary depending on your family’s income. Use the information below to understand how much financial assistance you may get from Concordia University Ann Arbor.
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.
For freshmen starting at Concordia University Ann Arbor, 100% of new full-time first-years were awarded at least some aid approximately 289 first-years).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 100% | $20,825 |
| Institutional grants & scholarships | 100% | $16,028 |
| Federal Pell grants | 30% | $5,400 |
| State/local grants | 50% | $6,057 |
| Federal student loans | 71% | $5,264 |
Grants and scholarships are the most valuable form of aid because, unlike loans, they never have to be repaid. Here, approximately 85% of the undergraduate population received grant aid that averaged $21,976 (across approximately 889 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 85% | $21,976 |
| Federal Pell grants | 24% | $5,119 |
| Federal student loans | 61% | $6,375 |
Title-IV recipients living on campus saw average grant aid of $19,042.
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 | $21,587 |
| $30,001 – $75,000 | $25,838 |
| Over $75,000 | $28,741 |
Each amount is the average cost remaining once grant aid is subtracted, by income band.
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 | $32,811 |
| Off-campus title-IV students | $26,409 |
For a personalized estimate based on your family’s financial situation, use Concordia University, Ann Arbor’s net price tool: www.cuaa.edu/netpricecalc.
The middle student in the debt distribution at Concordia University, Ann Arbor owes $19,500 in federal student debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $19,500 |
| Median federal debt (graduates only) | $25,750 |
| Typical 10-year monthly payment (graduates) | $272.99/mo |
That monthly figure reflects the median graduate debt repaid on a standard 10-year federal schedule.
The numbers below show the full range, not just the middle of the distribution. The figures below chart the debt distribution at Concordia University, Ann Arbor.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,340 |
| 25th percentile | $6,499 |
| 75th percentile | $27,000 |
| 90th percentile (highest-debt students) | $36,889 |
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 | $17,750 |
| Middle income | $19,500 |
| High income | $20,500 |
First-Gen vs Continuing-Gen Median Debt
| Cohort | Median federal debt |
|---|---|
| First-generation students | $19,365 |
| Continuing-generation students | $20,250 |
Dependent vs Independent Students
| Cohort | Median federal debt |
|---|---|
| Dependent students | $19,500 |
| Independent students | $20,700 |
The Department of Education computes summary indicators that describe debt outcomes at a glance. Concordia University, Ann Arbor.
The Stafford program is the federal direct-loan vehicle most undergraduates use. These figures summarize annual Stafford program activity at Concordia University, Ann Arbor:
| Metric | Value |
|---|---|
| Stafford loan recipients | 25590 |
| Total Stafford loan amount | $699,768,969 |
Military-affiliated students can tap the Post-9/11 GI Bill and DoD Tuition Assistance.
GI Bill volume
| Metric | Value |
|---|---|
| GI Bill recipients | 8 |
| Total GI Bill amount | $121,952 |
| Average GI Bill amount per recipient | $15,244 |
References
More about our data sources and methodologies.