by our College Data Analytics TeamMany students will never be charged 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 price tag of going to Eastern University can appear overpowering, but remember that the majority of students obtain some kind of financial assistance.
Just what financing solutions does EU provide, and just what are you going to be eligible for? Keep scrolling for answers. Keep reading to find out what amount of financial assistance will be accessible to you.
Your financial aid package, which may contain grants and scholarships, will be determined on your financial need. Read on to get a sense of the financial assistance available at Eastern University.
Through a mix of loans, grants, work-study and scholarships, schools bring down the effective cost so more students can attend. Note that some aid is more valuable than the rest, and individual awards are far from uniform.
For freshmen starting at Eastern University, 100% of first-year full-time students received aid of some kind (about 446 students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 100% | $26,838 |
| Institutional grants & scholarships | 100% | $22,180 |
| Federal Pell grants | 50% | $5,391 |
| State/local grants | 35% | $4,807 |
| Federal student loans | 69% | $5,752 |
The best aid is gift aid: grants and scholarships that carry no repayment obligation. Here, about 91% of undergraduates were awarded grant or scholarship aid averaging $20,041 (for some 1886 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 91% | $20,041 |
| Federal Pell grants | 42% | $5,367 |
| Federal student loans | 57% | $6,935 |
For on-campus title-IV students, average grant aid came to $28,339.
The figures below show the average net price — cost after all grant and scholarship aid — broken out by family income.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $23,046 |
| $30,001 – $75,000 | $23,084 |
| Over $75,000 | $29,844 |
These figures reflect what title-IV aid recipients pay after grant and scholarship aid is applied.
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 | $26,662 |
| Off-campus title-IV students | $25,885 |
To project your own net price, use EU’s net price tool: www.eastern.edu/admissions/undergraduate/undergraduate-net-price-calculator.
The middle student in the debt distribution at EU owes $18,000 of federal borrowing.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $18,000 |
| 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 figures below chart the debt distribution at EU.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $5,344 |
| 25th percentile | $9,500 |
| 75th percentile | $28,125 |
| 90th percentile (highest-debt students) | $39,200 |
Outcomes differ by income bracket, by first-generation status, and by whether a student is financially dependent.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $18,782 |
| Middle income | $17,125 |
| High income | $17,188 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $17,750 |
| Continuing-generation students | $18,250 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $17,464 |
| Independent students | $18,750 |
These indicators are derived from the underlying debt data and summarize the overall picture at EU.
Stafford loans make up the bulk of federal direct lending to undergraduates. The totals below capture Stafford lending at EU:
| Metric | Value |
|---|---|
| Stafford loan recipients | 15992 |
| Total Stafford loan amount | $448,785,024 |
GI Bill and DoD Tuition Assistance are the two federal aid programs targeted at military-affiliated students.
Post-9/11 GI Bill activity
| Metric | Value |
|---|---|
| GI Bill recipients | 131 |
| Total GI Bill amount | $667,192 |
| Average GI Bill amount per recipient | $5,093 |
DoD program volume
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 49 |
| Total DoD amount | $104,875 |
| Average DoD amount per recipient | $2,140 |
References
More about our data sources and methodologies.