by our College Data Analytics TeamMany students are not billed 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 sum total of attendance at Florida Agricultural and Mechanical University can sound overwhelming, but bear in mind that many students get some type of financial aid.
Just what financial aid solutions can Florida A&M University deliver, and just what are you going to be eligible for? Keep reading for answers. Scroll down to learn what amount of financial assistance will be accessible to you.
The amount of financial aid you can receive varies from person to person and will depend on your family’s economic situation. Use the information below to understand how much financial assistance you may get from Florida Agricultural and Mechanical 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.
At Florida Agricultural and Mechanical University, 93% of first-time, full-time freshmen received some form of financial aid (about 1257 students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 81% | $10,139 |
| Institutional grants & scholarships | 56% | $4,917 |
| Federal Pell grants | 56% | $6,329 |
| State/local grants | 37% | $4,174 |
| Federal student loans | 52% | $5,628 |
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, about 74% of the undergraduate population received grant aid that averaged $10,096 (across approximately 5805 undergraduates).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 74% | $10,096 |
| Federal Pell grants | 54% | $6,225 |
| Federal student loans | 50% | $6,767 |
On-campus students receiving title-IV aid were awarded grants averaging $10,231.
Since aid is largely need-based, the real cost of attendance falls steeply for lower-income families.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $13,375 |
| $30,001 – $75,000 | $15,274 |
| Over $75,000 | $20,867 |
Each amount is the average cost remaining once grant aid is subtracted, by income band.
Net price is the average annual cost after grants and scholarships are subtracted from the published cost of attendance — the figure closest to what a typical aid-receiving student actually pays.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $13,739 |
| Off-campus title-IV students | $15,847 |
To project your own net price, use Florida A&M University’s net price calculator: www.famu.edu/index.cfm?FinancialAid&EstimatingCost(NPC).
The median student at Florida A&M University graduates with $17,855 in federal loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $17,855 |
| Median federal debt (graduates only) | $23,548 |
| Typical 10-year monthly payment (graduates) | $249.65/mo |
At a typical 10-year repayment schedule, the median graduate would pay about the monthly figure above.
A single median figure conceals how much debt outcomes differ student to student. The percentiles below describe the cumulative federal debt distribution for borrowers at Florida A&M University.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $5,250 |
| 25th percentile | $9,500 |
| 75th percentile | $33,201 |
| 90th percentile (highest-debt students) | $43,500 |
Debt outcomes are not uniform — they shift with income, first-generation status, and dependency.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $18,500 |
| Middle income | $17,500 |
| High income | $17,000 |
First-Gen vs Continuing-Gen Median Debt
| Cohort | Median federal debt |
|---|---|
| First-generation students | $18,250 |
| Continuing-generation students | $17,000 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $17,500 |
| Independent students | $19,991 |
Federal data publishes pre-calculated indicators that summarize debt outcomes. Florida A&M University.
Stafford loans make up the bulk of federal direct lending to undergraduates. The totals below capture Stafford lending at Florida A&M University:
| Metric | Value |
|---|---|
| Stafford loan recipients | 52990 |
| Total Stafford loan amount | $1,585,134,627 |
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 | 113 |
| Total GI Bill amount | $738,767 |
| Average GI Bill amount per recipient | $6,538 |
DoD Tuition Assistance activity
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 11 |
| Total DoD amount | $21,561 |
| Average DoD amount per recipient | $1,960 |
References
More about our data sources and methodologies.