by our College Data Analytics TeamA lot of students will not be asked to pay the full sticker price of a school. Rather, they are offered a financial aid plan that includes a mix of loans, grants, scholarships, and possibly work-study opportunities. The total cost of going to Edgewood College can seem overpowering, but remember that the majority of students are given some form of financial assistance.
Just what financial aid solutions can Edgewood provide, and just what are you going to be eligible for? Keep reading for answers. Keep reading to discover what amount of financial assistance could be accessible to you.
The amount of financial aid you can receive varies from person to person and will depend on your family’s economic situation. Use the information below to understand how much financial assistance you may get from Edgewood College.
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. Bear in mind that not all aid is equal, and the amount any one student receives can vary widely.
For freshmen starting at Edgewood College, 100% of new full-time first-years were awarded at least some aid roughly 217 students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 98% | $23,885 |
| Institutional grants & scholarships | 98% | $19,750 |
| Federal Pell grants | 36% | $5,259 |
| State/local grants | 46% | $3,870 |
| Federal student loans | 67% | $5,117 |
Because grants and scholarships do not have to be repaid, they are the most sought-after type of financial aid. At this school, approximately 90% of undergraduate students received gift aid averaging $20,571 (across approximately 1087 recipients).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 90% | $20,571 |
| Federal Pell grants | 26% | $5,018 |
| Federal student loans | 57% | $6,323 |
On-campus students receiving title-IV aid were awarded grants averaging $24,790.
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 | $21,149 |
| $30,001 – $75,000 | $21,081 |
| Over $75,000 | $28,453 |
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 | $26,113 |
| Off-campus title-IV students | $25,634 |
For a personalized estimate based on your family’s financial situation, use Edgewood’s net price calculator: www.edgewood.edu/admissions/tuition-and-financial-aid/net-price-calculator-freshman.
The middle student in the debt distribution at Edgewood owes $19,000 in federal student debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $19,000 |
| Median federal debt (graduates only) | $24,424 |
| Typical 10-year monthly payment (graduates) | $258.94/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 Edgewood.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $4,500 |
| 25th percentile | $8,711 |
| 75th percentile | $27,000 |
| 90th percentile (highest-debt students) | $33,000 |
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 | $14,584 |
| Middle income | $19,000 |
| High income | $19,500 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $19,000 |
| Continuing-generation students | $19,000 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $19,250 |
| Independent students | $17,090 |
The Department of Education computes summary indicators that describe debt outcomes at a glance. Edgewood.
Stafford loans make up the bulk of federal direct lending to undergraduates. The totals below capture Stafford lending at Edgewood:
| Metric | Value |
|---|---|
| Stafford loan recipients | 8104 |
| Total Stafford loan amount | $189,793,282 |
Veterans and active-duty service members may qualify for the Post-9/11 GI Bill or DoD Tuition Assistance.
Post-9/11 GI Bill activity
| Metric | Value |
|---|---|
| GI Bill recipients | 22 |
| Total GI Bill amount | $404,385 |
| Average GI Bill amount per recipient | $18,381 |
Active-duty Tuition Assistance recipients
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 0 |
| Total DoD amount | $0 |
References
More about our data sources and methodologies.