by our College Data Analytics TeamA large number of 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 price tag of going to Corban University can appear overwhelming, but bear in mind that many students obtain some kind of financial aid.
What financial assistance options will Corban offer, and what will you qualify for? Read on for more information. Keep reading to see just how much financial aid could be open to you.
The amount of financial aid you can receive varies from person to person and will depend on your family’s economic situation. The figures below will help you estimate the aid you might receive from Corban 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. Some kinds of aid are clearly preferable to others, and outcomes differ across students.
For incoming first-year students at Corban University, 100% of new full-time first-years were awarded at least some aid around 143 first-years).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 99% | $24,715 |
| Institutional grants & scholarships | 99% | $21,956 |
| Federal Pell grants | 29% | $5,388 |
| State/local grants | 21% | $5,833 |
| Federal student loans | 48% | $5,074 |
Gift aid — grants and scholarships — beats loans every time because none of it has to be repaid. At Corban, around 70% of undergraduate students received gift aid averaging $25,208 (among about 641 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 70% | $25,208 |
| Federal Pell grants | 25% | $5,451 |
| Federal student loans | 34% | $6,669 |
For students living on campus and receiving title-IV aid, grants averaged $23,984.
How much a family pays depends heavily on income, because most aid is awarded on the basis of financial need.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $18,613 |
| $30,001 – $75,000 | $20,383 |
| Over $75,000 | $29,118 |
These figures reflect what title-IV aid recipients pay after grant and scholarship aid is applied.
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 | $28,035 |
| Off-campus title-IV students | $25,525 |
For a personalized estimate based on your family’s financial situation, use Corban’s NPC: npc.collegeboard.org/student/app/corban.
The median federal debt load at Corban comes to $17,951 in federal loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $17,951 |
| Median federal debt (graduates only) | $22,625 |
| Typical 10-year monthly payment (graduates) | $239.86/mo |
At a typical 10-year repayment schedule, the median graduate would pay about the monthly figure above.
A single median figure conceals how much debt outcomes differ student to student. The percentiles below describe the cumulative federal debt distribution for borrowers at Corban.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $4,552 |
| 25th percentile | $7,500 |
| 75th percentile | $27,000 |
| 90th percentile (highest-debt students) | $33,414 |
How much a student borrows depends heavily on family income, first-gen status, and dependency.
Debt by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $19,000 |
| Middle income | $19,635 |
| High income | $16,750 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $18,475 |
| Continuing-generation students | $17,750 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $17,750 |
| Independent students | $20,002 |
These indicators are derived from the underlying debt data and summarize the overall picture at Corban.
The Stafford program is the federal direct-loan vehicle most undergraduates use. The totals below capture Stafford lending at Corban:
| Metric | Value |
|---|---|
| Stafford loan recipients | 4025 |
| Total Stafford loan amount | $85,056,025 |
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.
Post-9/11 GI Bill activity
| Metric | Value |
|---|---|
| GI Bill recipients | 12 |
| Total GI Bill amount | $208,085 |
| Average GI Bill amount per recipient | $17,340 |
DoD program volume
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 6 |
| Total DoD amount | $25,000 |
| Average DoD amount per recipient | $4,167 |
References
More about our data sources and methodologies.