by our College Data Analytics TeamMany 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 price tag of going to Fairleigh Dickinson University-Florham Campus can appear tremendous, but do not forget that almost all students obtain some kind of financial help.
What financial assistance options will FDU offer you, and what will you qualify for? Read on for more information. Keep reading to learn how much school funding will be available to you.
Your financial aid package, which may contain grants and scholarships, will be determined on your financial need. The figures below will help you estimate the aid you might receive from Fairleigh Dickinson University-Florham Campus.
Colleges use loans, grants, scholarships and work-study to minimize what students actually pay out of pocket. However, some types of aid are more desirable than others, and some students will receive more than others.
For incoming first-year students at Fairleigh Dickinson University-Florham Campus, 100% of the incoming full-time class was awarded financial aid approximately 506 incoming students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 100% | $28,294 |
| Institutional grants & scholarships | 100% | $20,660 |
| Federal Pell grants | 44% | $6,363 |
| State/local grants | 38% | $12,132 |
| Federal student loans | 58% | $5,385 |
Grants and scholarships are the most valuable form of aid because, unlike loans, they never have to be repaid. At this school, around 94% of the undergraduate population received grant aid that averaged $29,036 (across roughly 1869 recipients).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 94% | $29,036 |
| Federal Pell grants | 36% | $6,042 |
| Federal student loans | 55% | $6,493 |
For students living on campus and receiving title-IV aid, grants averaged $31,375.
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 | $14,643 |
| $30,001 – $75,000 | $20,621 |
| Over $75,000 | $32,874 |
The numbers above are post-aid net prices, so they already account for grants and scholarships.
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 | $22,829 |
| Off-campus title-IV students | $24,415 |
For an estimate tailored to your family circumstances, see FDU’s net price tool: 1st-aid.org/schools/2040/surveys/new.
Graduating students at FDU carry a median federal student debt of $19,500 of federal student loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $19,500 |
| Median federal debt (graduates only) | $25,000 |
| Typical 10-year monthly payment (graduates) | $265.04/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 four reference points below map the debt distribution at FDU.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $4,750 |
| 25th percentile | $8,250 |
| 75th percentile | $28,000 |
| 90th percentile (highest-debt students) | $36,000 |
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 | $19,500 |
| Middle income | $19,500 |
| High income | $19,500 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $19,500 |
| Continuing-generation students | $19,500 |
Dependent vs Independent Students
| Cohort | Median federal debt |
|---|---|
| Dependent students | $19,000 |
| Independent students | $22,000 |
These indicators are derived from the underlying debt data and summarize the overall picture at FDU.
The Stafford program is the federal direct-loan vehicle most undergraduates use. The aggregate figures below show how active the program is at FDU:
| Metric | Value |
|---|---|
| Stafford loan recipients | 26312 |
| Total Stafford loan amount | $658,800,160 |
GI Bill and DoD Tuition Assistance are the two federal aid programs targeted at military-affiliated students.
GI Bill volume
| Metric | Value |
|---|---|
| GI Bill recipients | 19 |
| Total GI Bill amount | $467,342 |
| Average GI Bill amount per recipient | $24,597 |
DoD Tuition Assistance activity
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 1 |
| Total DoD amount | $4,500 |
| Average DoD amount per recipient | $4,500 |
References
More about our data sources and methodologies.