by our College Data Analytics TeamA large number of students will not be asked to pay 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 price tag of going to Faulkner University can appear overwhelming, but bear in mind that many students obtain some kind of financial aid.
Just what financial assistance solutions will Faulkner provide, and just what are you going to be eligible for? Read on for answers. Read on to find out 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. Continue reading to find information to help you understand just how much assistance you can expect to receive from Faulkner 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. Keep in mind that certain forms of assistance are more beneficial than others, and aid amounts differ from student to student.
Looking at the entering class at Faulkner University, 88% of the incoming full-time class was awarded financial aid approximately 201 incoming students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 88% | $17,782 |
| Institutional grants & scholarships | 88% | $13,905 |
| Federal Pell grants | 52% | $5,795 |
| State/local grants | 50% | $950 |
| Federal student loans | 63% | $7,643 |
Unlike loans, grants and scholarships are gift aid that does not need to be paid back, making them the most desirable form of assistance. Here, some 56% of undergraduates were awarded an average grant or scholarship of $25,001 (for some 1001 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 56% | $25,001 |
| Federal Pell grants | 46% | $5,618 |
| Federal student loans | 56% | $9,386 |
For students living on campus and receiving title-IV aid, grants averaged $15,541.
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 | $20,986 |
| $30,001 – $75,000 | $22,477 |
| Over $75,000 | $31,520 |
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 | $22,085 |
| Off-campus title-IV students | $21,165 |
For an estimate tailored to your family circumstances, see Faulkner’s net price tool: www.faulkner.edu/net-price-calculator/.
The median federal debt load at Faulkner comes to $15,000 of federal student loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $15,000 |
| Median federal debt (graduates only) | $23,000 |
| Typical 10-year monthly payment (graduates) | $243.84/mo |
At a typical 10-year repayment schedule, the median graduate would pay about the monthly figure above.
Percentiles reveal the spread — half of all borrowers fall between the 25th and 75th percentiles. The four reference points below map the debt distribution at Faulkner.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,000 |
| 25th percentile | $5,500 |
| 75th percentile | $25,730 |
| 90th percentile (highest-debt students) | $37,028 |
Debt outcomes are not uniform — they shift with income, first-generation status, and dependency.
Debt by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $15,750 |
| Middle income | $14,000 |
| High income | $14,600 |
First-Gen vs Continuing-Gen Median Debt
| Cohort | Median federal debt |
|---|---|
| First-generation students | $14,750 |
| Continuing-generation students | $16,331 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $11,500 |
| Independent students | $16,603 |
The Department of Education computes summary indicators that describe debt outcomes at a glance. Faulkner.
Stafford loans are the federal government’s primary direct undergraduate lending program. These figures summarize annual Stafford program activity at Faulkner:
| Metric | Value |
|---|---|
| Stafford loan recipients | 20736 |
| Total Stafford loan amount | $565,008,918 |
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 | 115 |
| Total GI Bill amount | $1,045,596 |
| Average GI Bill amount per recipient | $9,092 |
DoD Tuition Assistance activity
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 20 |
| Total DoD amount | $58,298 |
| Average DoD amount per recipient | $2,915 |
References
More about our data sources and methodologies.