by our College Data Analytics TeamA large number of students are not billed the full, advertised sticker price of a school. Instead, they will be given a financial aid offer that will include a combination of scholarships, grants, loans, and work-study. The total cost of going to DeVry University-New Jersey can seem overwhelming, but bear in mind that many students are given some form of financial aid.
What financial aid options can DeVry University - New Jersey offer you, and what will you qualify for? Keep reading for more information. Scroll down to learn how much school funding will be available 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 DeVry University-New Jersey.
Colleges use loans, grants, scholarships and work-study to minimize what students actually pay out of pocket. Some kinds of aid are clearly preferable to others, and outcomes differ across students.
Among first-time, full-time freshmen at DeVry University-New Jersey, 100% of new full-time first-years were awarded at least some aid approximately 2 first-years).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 100% | $15,747 |
| Institutional grants & scholarships | 50% | $2,083 |
| Federal Pell grants | 100% | $6,519 |
| State/local grants | 100% | $8,186 |
| Federal student loans | 100% | $7,853 |
Unlike loans, grants and scholarships are gift aid that does not need to be paid back, making them the most desirable form of assistance. Here, some 93% of the undergraduate population received grant aid that averaged $9,616 (covering around 63 undergraduates).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 93% | $9,616 |
| Federal Pell grants | 71% | $5,190 |
| Federal student loans | 66% | $7,827 |
On-campus students receiving title-IV aid were awarded grants averaging $15,747.
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 | $26,565 |
For a personalized estimate based on your family’s financial situation, use DeVry University - New Jersey’s online cost calculator: my.devry.edu/npc.
A typical borrower at DeVry University - New Jersey leaves with $12,805 in federal loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $12,805 |
| Median federal debt (graduates only) | $24,807 |
| Typical 10-year monthly payment (graduates) | $263.0/mo |
The 10-year payment estimate assumes a standard federal repayment plan and the median graduate debt amount.
The median alone does not show how widely outcomes vary across the student body. The percentiles below describe the cumulative federal debt distribution for borrowers at DeVry University - New Jersey.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,677 |
| 25th percentile | $5,914 |
| 75th percentile | $37,954 |
| 90th percentile (highest-debt students) | $52,450 |
The figures below break down median federal debt by income tier, first-generation status, and dependency.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $11,756 |
| Middle income | $14,317 |
| High income | $14,750 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $12,594 |
| Continuing-generation students | $13,904 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $11,895 |
| Independent students | $12,955 |
Federal data publishes pre-calculated indicators that summarize debt outcomes. DeVry University - New Jersey.
Most undergraduate borrowing runs through the federal Stafford loan program. Below is the annual Stafford program activity at DeVry University - New Jersey:
| Metric | Value |
|---|---|
| Stafford loan recipients | 421315 |
| Total Stafford loan amount | $12,681,164,934 |
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 | 7 |
| Total GI Bill amount | $45,416 |
| Average GI Bill amount per recipient | $6,488 |
Active-duty Tuition Assistance recipients
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 0 |
| Total DoD amount | $0 |
References
More about our data sources and methodologies.