by our College Data Analytics TeamA lot of students are not billed the complete price tag of a school. Rather, they are presented a financial aid deal that includes a mix of loans, grants, scholarships, and possibly work-study opportunities. The total cost of going to East Central University can seem overpowering, but remember that the majority of students are given some form of financial assistance.
Just what financing solutions does ECU provide, and just what are you going to be eligible for? Keep scrolling for answers. Keep scrolling to find out what amount of financial assistance will be accessible to you.
The amount of financial aid and scholarships you are eligible for will vary depending on your family’s income. The figures below will help you estimate the aid you might receive from East Central University.
Aid such as grants, loans, work-study, and scholarships helps colleges decrease the real cost of attendance for most students. However, some types of aid are more desirable than others, and some students will receive more than others.
At East Central University, 95% of first-year full-time students received aid of some kind around 341 students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 91% | $9,255 |
| Institutional grants & scholarships | 41% | $3,556 |
| Federal Pell grants | 48% | $5,857 |
| State/local grants | 73% | $5,657 |
| Federal student loans | 32% | $5,754 |
Gift aid — grants and scholarships — beats loans every time because none of it has to be repaid. At this school, about 85% of undergraduate students received gift aid averaging $8,357 (across roughly 2094 awardees).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 85% | $8,357 |
| Federal Pell grants | 45% | $5,968 |
| Federal student loans | 36% | $7,416 |
For students living on campus and receiving title-IV aid, grants averaged $9,776.
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 | $6,736 |
| $30,001 – $75,000 | $8,462 |
| Over $75,000 | $14,578 |
Each figure is the net price after grants and scholarships, not the published sticker price.
Net price is the cost remaining after grant and scholarship aid is subtracted from the sticker price, and it is the most useful single number for estimating real cost.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $8,683 |
| Off-campus title-IV students | $9,287 |
To get a personalized net price estimate, try ECU’s NPC: www.ecok.edu/current-students/paying-college/net-price-calculator.
A typical borrower at ECU leaves with $11,250 of cumulative federal debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $11,250 |
| Median federal debt (graduates only) | $17,671 |
| Typical 10-year monthly payment (graduates) | $187.34/mo |
Spreading the median graduate debt over a standard 10-year repayment schedule works out to roughly the monthly payment shown above.
The median alone does not show how widely outcomes vary across the student body. The figures below chart the debt distribution at ECU.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,750 |
| 25th percentile | $4,969 |
| 75th percentile | $20,250 |
| 90th percentile (highest-debt students) | $28,750 |
The figures below break down median federal debt by income tier, first-generation status, and dependency.
Debt by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $11,250 |
| Middle income | $11,126 |
| High income | $11,250 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $11,024 |
| Continuing-generation students | $11,800 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $10,131 |
| Independent students | $15,024 |
The Department of Education computes summary indicators that describe debt outcomes at a glance. ECU.
Stafford loans are the federal government’s primary direct undergraduate lending program. Below is the annual Stafford program activity at ECU:
| Metric | Value |
|---|---|
| Stafford loan recipients | 13982 |
| Total Stafford loan amount | $285,056,149 |
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 | 42 |
| Total GI Bill amount | $285,268 |
| Average GI Bill amount per recipient | $6,792 |
DoD program volume
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 2 |
| Total DoD amount | $4,433 |
| Average DoD amount per recipient | $2,217 |
References
More about our data sources and methodologies.