by our College Data Analytics TeamThe majority of students will not be asked to pay 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 Eastern Michigan University can appear tremendous, but do not forget that almost all students obtain some kind of financial help.
What financial assistance options will Eastern Michigan offer, and what will you qualify for? Read on for more information. Keep reading to learn just how much financial aid will 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. Continue reading to find information to help you understand just how much assistance you can expect to receive from Eastern Michigan 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. However, some types of aid are more desirable than others, and some students will receive more than others.
For incoming first-year students at Eastern Michigan University, 94% of first-year full-time students received aid of some kind roughly 1743 first-years).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 93% | $13,370 |
| Institutional grants & scholarships | 86% | $8,144 |
| Federal Pell grants | 47% | $6,070 |
| State/local grants | 55% | $4,309 |
| Federal student loans | 48% | $5,820 |
Grants and scholarships are the most valuable form of aid because, unlike loans, they never have to be repaid. Across the undergraduate body at Eastern Michigan, approximately 69% of undergraduates were awarded an average grant or scholarship of $10,364 (for some 7636 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 69% | $10,364 |
| Federal Pell grants | 37% | $5,880 |
| Federal student loans | 43% | $7,511 |
For students living on campus and receiving title-IV aid, grants averaged $14,233.
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 | $14,938 |
| $30,001 – $75,000 | $15,592 |
| Over $75,000 | $21,386 |
The numbers above are post-aid net prices, so they already account for grants and scholarships.
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 | $15,407 |
| Off-campus title-IV students | $16,524 |
To project your own net price, use Eastern Michigan’s NPC: www.emich.edu/finaid/calculator/.
The middle student in the debt distribution at Eastern Michigan owes $18,750 of cumulative federal debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $18,750 |
| Median federal debt (graduates only) | $25,000 |
| Typical 10-year monthly payment (graduates) | $265.04/mo |
The 10-year payment estimate assumes a standard federal repayment plan and the median graduate debt amount.
Percentiles reveal the spread — half of all borrowers fall between the 25th and 75th percentiles. The percentiles below describe the cumulative federal debt distribution for borrowers at Eastern Michigan.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $4,500 |
| 25th percentile | $8,002 |
| 75th percentile | $31,000 |
| 90th percentile (highest-debt students) | $43,298 |
Outcomes differ by income bracket, by first-generation status, and by whether a student is financially dependent.
Debt by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $19,463 |
| Middle income | $18,750 |
| High income | $18,500 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $19,199 |
| Continuing-generation students | $17,750 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $19,000 |
| Independent students | $18,750 |
The Department of Education computes summary indicators that describe debt outcomes at a glance. Eastern Michigan.
Most undergraduate borrowing runs through the federal Stafford loan program. The annual Stafford volume below reflects program activity at Eastern Michigan:
| Metric | Value |
|---|---|
| Stafford loan recipients | 76894 |
| Total Stafford loan amount | $2,141,165,249 |
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 | 193 |
| Total GI Bill amount | $2,617,798 |
| Average GI Bill amount per recipient | $13,564 |
DoD program volume
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 27 |
| Total DoD amount | $86,837 |
| Average DoD amount per recipient | $3,216 |
References
More about our data sources and methodologies.