by our College Data Analytics TeamMany students will not be asked to pay the complete price tag of a school. Rather, they are presented a financial aid deal that includes a mix of loans, grants, scholarships, and possibly work-study opportunities. The total cost of going to Faith International University can seem tremendous, but do not forget that almost all students are given some form of financial help.
Just what financial aid solutions can Faith provide, and just what are you going to be eligible for? Keep reading for answers. Read on to discover just how much financial aid could be open 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 Faith International University.
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. Some kinds of aid are clearly preferable to others, and outcomes differ across students.
For freshmen starting at Faith International University, 100% of first-year full-time students received aid of some kind around 5 students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 100% | $6,203 |
| Institutional grants & scholarships | 80% | $2,325 |
| Federal Pell grants | 60% | $7,239 |
| State/local grants | 0% | — |
| Federal student loans | 20% | $9,500 |
Grants and scholarships are the most valuable form of aid because, unlike loans, they never have to be repaid. At Faith, roughly 87% of the undergraduate population received grant aid that averaged $7,052 (across approximately 170 recipients).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 87% | $7,052 |
| Federal Pell grants | 47% | $8,269 |
| Federal student loans | 24% | $11,667 |
Title-IV recipients living on campus saw average grant aid of $8,706.
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 | $17,595 |
| Over $75,000 | $19,893 |
The numbers above are post-aid net prices, so they already account for grants and scholarships.
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 | $22,662 |
| Off-campus title-IV students | $18,361 |
To get a personalized net price estimate, try Faith’s NPC: netprice.simpleapply.com/Faith/NPC/Summary/.
The middle student in the debt distribution at Faith owes $12,500 of cumulative federal debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $12,500 |
| Median federal debt (graduates only) | $17,650 |
| Typical 10-year monthly payment (graduates) | $187.12/mo |
Under a standard ten-year plan, the median graduate’s monthly payment lands near the figure above.
Looking only at the median can be misleading because it hides the spread. The four reference points below map the debt distribution at Faith.
| Percentile | Cumulative Federal Debt |
|---|---|
| 25th percentile | $6,334 |
| 75th percentile | $21,875 |
How much a student borrows depends heavily on family income, first-gen status, and dependency.
Debt by Income Tier
| Income tier | Median federal debt |
|---|---|
| Middle income | $13,750 |
A handful of calculated indicators summarize the debt outlook at Faith.
The Stafford program is the federal direct-loan vehicle most undergraduates use. Below is the annual Stafford program activity at Faith:
| Metric | Value |
|---|---|
| Stafford loan recipients | 686 |
| Total Stafford loan amount | $31,692,620 |
The GI Bill and DoD Tuition Assistance are the main federal aid routes for veterans and service members.
Post-9/11 GI Bill activity
| Metric | Value |
|---|---|
| GI Bill recipients | 30 |
| Total GI Bill amount | $194,110 |
| Average GI Bill amount per recipient | $6,470 |
DoD program volume
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 1 |
| Total DoD amount | $3,333 |
| Average DoD amount per recipient | $3,333 |
References
More about our data sources and methodologies.