by our College Data Analytics TeamMost students are not billed 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 total cost of going to Eureka College can seem overpowering, but remember that the majority of students are given some form of financial assistance.
What financial aid options can Eureka College offer, and what will you qualify for? Keep reading for more information. Keep scrolling to see how much school funding could be available to you.
Your financial aid package, which may contain grants and scholarships, will be determined on your financial need. Continue reading to find information to help you understand just how much assistance you can expect to receive from Eureka 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.
Looking at the entering class at Eureka College, 100% of first-year full-time students received aid of some kind (about 129 first-years).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 100% | $20,489 |
| Institutional grants & scholarships | 100% | $12,686 |
| Federal Pell grants | 64% | $5,382 |
| State/local grants | 60% | $6,951 |
| Federal student loans | 66% | $5,527 |
Grants and scholarships are the most valuable form of aid because, unlike loans, they never have to be repaid. At Eureka College, about 99% of undergrads got grants or scholarships worth on average $20,753 (among about 522 recipients).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 99% | $20,753 |
| Federal Pell grants | 49% | $5,591 |
| Federal student loans | 76% | $6,362 |
For students living on campus and receiving title-IV aid, grants averaged $22,229.
Because need-based aid scales with family income, what students actually pay differs sharply across income brackets.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $21,393 |
| $30,001 – $75,000 | $23,177 |
| Over $75,000 | $22,111 |
Each amount is the average cost remaining once grant aid is subtracted, by income band.
The net price represents the average annual cost a title-IV-receiving student pays after grant aid is subtracted from the full cost of attendance.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $17,349 |
| Off-campus title-IV students | $20,072 |
For a personalized estimate based on your family’s financial situation, use Eureka College’s NPC: www.eureka.edu/net-pricing-calculator.
Graduating students at Eureka College carry a median federal student debt of $15,000 of federal student loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $15,000 |
| Median federal debt (graduates only) | $23,250 |
| Typical 10-year monthly payment (graduates) | $246.49/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 Eureka College.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,125 |
| 25th percentile | $5,500 |
| 75th percentile | $26,925 |
| 90th percentile (highest-debt students) | $31,210 |
How much a student borrows depends heavily on family income, first-gen status, and dependency.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $14,875 |
| Middle income | $15,000 |
| High income | $15,750 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $15,375 |
| Continuing-generation students | $15,000 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $15,000 |
| Independent students | $14,000 |
Federal data publishes pre-calculated indicators that summarize debt outcomes. Eureka College.
Stafford loans are the federal government’s primary direct undergraduate lending program. The aggregate figures below show how active the program is at Eureka College:
| Metric | Value |
|---|---|
| Stafford loan recipients | 3121 |
| Total Stafford loan amount | $50,669,079 |
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 | 2 |
| Total GI Bill amount | $37,524 |
| Average GI Bill amount per recipient | $18,762 |
References
More about our data sources and methodologies.