by our College Data Analytics TeamA large number of students are not billed 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 total price of attendance at Fairmont State University can feel overpowering, but remember that the majority of students receive some sort of financial assistance.
Just what financial aid solutions can Fairmont State provide, and just what are you going to be eligible for? Keep reading for answers. Keep reading to see what amount of financial assistance could be accessible 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 Fairmont State University.
Financial assistance, available as scholarships, loans, and work-study, is a way schools lower the price of attendance so many students can enroll. Bear in mind that not all aid is equal, and the amount any one student receives can vary widely.
For freshmen starting at Fairmont State University, 96% of first-time, full-time freshmen received some form of financial aid around 621 freshmen).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 91% | $8,552 |
| Institutional grants & scholarships | 78% | $3,072 |
| Federal Pell grants | 45% | $5,307 |
| State/local grants | 65% | $4,510 |
| Federal student loans | 44% | $6,372 |
Grants and scholarships are the most valuable form of aid because, unlike loans, they never have to be repaid. At Fairmont State, approximately 70% of the undergraduate population received grant aid that averaged $7,721 (for some 2150 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 70% | $7,721 |
| Federal Pell grants | 34% | $5,122 |
| Federal student loans | 39% | $7,108 |
Title-IV recipients living on campus saw average grant aid of $10,986.
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 | $8,230 |
| $30,001 – $75,000 | $8,966 |
| Over $75,000 | $10,059 |
These figures reflect what title-IV aid recipients pay after grant and scholarship aid is applied.
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 | $9,032 |
| Off-campus title-IV students | $9,055 |
For an estimate tailored to your family circumstances, see Fairmont State’s online cost calculator: fairmontstate.studentaidcalculator.com/survey.aspx.
A typical borrower at Fairmont State leaves with $12,500 of federal student loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $12,500 |
| Median federal debt (graduates only) | $21,000 |
| Typical 10-year monthly payment (graduates) | $222.63/mo |
Spreading the median graduate debt over a standard 10-year repayment schedule works out to roughly the monthly payment shown above.
Looking only at the median can be misleading because it hides the spread. Use the percentiles below to see the debt range at Fairmont State.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,750 |
| 25th percentile | $5,500 |
| 75th percentile | $24,345 |
| 90th percentile (highest-debt students) | $33,495 |
Outcomes differ by income bracket, by first-generation status, and by whether a student is financially dependent.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $12,881 |
| Middle income | $12,792 |
| High income | $11,997 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $12,500 |
| Continuing-generation students | $12,000 |
Dependent vs Independent Students
| Cohort | Median federal debt |
|---|---|
| Dependent students | $12,000 |
| Independent students | $16,182 |
A handful of calculated indicators summarize the debt outlook at Fairmont State.
The Stafford program is the federal direct-loan vehicle most undergraduates use. The totals below capture Stafford lending at Fairmont State:
| Metric | Value |
|---|---|
| Stafford loan recipients | 19577 |
| Total Stafford loan amount | $370,793,202 |
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.
GI Bill volume
| Metric | Value |
|---|---|
| GI Bill recipients | 45 |
| Total GI Bill amount | $354,153 |
| Average GI Bill amount per recipient | $7,870 |
References
More about our data sources and methodologies.