by our College Data Analytics TeamThe majority of 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 Converse University can sound tremendous, but do not forget that almost all students get some type of financial help.
What financial assistance options will Converse offer, and what will you qualify for? Read on for more information. Keep going to learn just how much financial aid will be open to you.
The amount of financial aid and scholarships you are eligible for will vary depending on your family’s income. Read on to get a sense of the financial assistance available at Converse University.
Colleges use loans, grants, scholarships and work-study to minimize what students actually pay out of pocket. Note that some aid is more valuable than the rest, and individual awards are far from uniform.
Among first-time, full-time freshmen at Converse University, 99% of entering full-time freshmen got some type of financial assistance around 231 freshmen).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 96% | $18,575 |
| Institutional grants & scholarships | 96% | $10,753 |
| Federal Pell grants | 43% | $5,534 |
| State/local grants | 69% | $7,105 |
| Federal student loans | 60% | $5,628 |
Grants and scholarships are the most valuable form of aid because, unlike loans, they never have to be repaid. At Converse, some 98% of undergraduate students received gift aid averaging $18,066 (across roughly 789 awardees).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 98% | $18,066 |
| Federal Pell grants | 40% | $5,668 |
| Federal student loans | 61% | $6,654 |
Title-IV recipients living on campus saw average grant aid of $15,555.
Need-based aid means lower-income families typically pay far less than the sticker price suggests.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $17,091 |
| $30,001 – $75,000 | $18,267 |
| Over $75,000 | $22,458 |
Each figure is the net price after grants and scholarships, not the published sticker price.
After grants and scholarships come off the published price, what remains is the net price — the best estimate of true out-of-pocket cost.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $23,283 |
| Off-campus title-IV students | $19,712 |
To get a personalized net price estimate, try Converse’s online cost calculator: www.converse.edu/admissions/financial-aid-and-tuition/undergraduate-freshmen-and-transfer-students/net-cost-calculator-for-freshman/.
A typical borrower at Converse leaves with $22,500 in federal loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $22,500 |
| Median federal debt (graduates only) | $27,000 |
| Typical 10-year monthly payment (graduates) | $286.24/mo |
The 10-year payment estimate assumes a standard federal repayment plan and the median graduate debt amount.
The numbers below show the full range, not just the middle of the distribution. The percentiles below describe the cumulative federal debt distribution for borrowers at Converse.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,750 |
| 25th percentile | $5,500 |
| 75th percentile | $27,000 |
| 90th percentile (highest-debt students) | $36,340 |
How much a student borrows depends heavily on family income, first-gen status, and dependency.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $22,250 |
| Middle income | $23,250 |
| High income | $22,500 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $21,500 |
| Continuing-generation students | $23,250 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $22,250 |
| Independent students | $26,125 |
Federal data publishes pre-calculated indicators that summarize debt outcomes. Converse.
The Stafford program is the federal direct-loan vehicle most undergraduates use. The annual Stafford volume below reflects program activity at Converse:
| Metric | Value |
|---|---|
| Stafford loan recipients | 4880 |
| Total Stafford loan amount | $116,532,356 |
Veterans and active-duty service members may qualify for the Post-9/11 GI Bill or DoD Tuition Assistance.
Post-9/11 GI Bill recipients
| Metric | Value |
|---|---|
| GI Bill recipients | 17 |
| Total GI Bill amount | $326,703 |
| Average GI Bill amount per recipient | $19,218 |
References
More about our data sources and methodologies.