by our College Data Analytics TeamMost students will never be charged the full sticker price of a school. Rather, they are offered a financial aid plan that includes a mix of loans, grants, scholarships, and possibly work-study opportunities. The price tag of going to Francis Marion University can appear overwhelming, but bear in mind that many students obtain some kind of financial aid.
What financial aid options can Francis Marion University offer, and what will you qualify for? Keep reading for more information. Read on to find out 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. The information provided on this page can help you determine how much aid you may receive from Francis Marion University.
Financial assistance, available as scholarships, loans, and work-study, is a way schools lower the price of attendance so many students can enroll. Keep in mind that certain forms of assistance are more beneficial than others, and aid amounts differ from student to student.
At Francis Marion University, 98% of the incoming full-time class was awarded financial aid approximately 617 first-years).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 98% | $11,988 |
| Institutional grants & scholarships | 59% | $5,238 |
| Federal Pell grants | 57% | $5,983 |
| State/local grants | 88% | $5,992 |
| Federal student loans | 52% | $5,430 |
The best aid is gift aid: grants and scholarships that carry no repayment obligation. At this school, approximately 65% of undergrads got grants or scholarships worth on average $10,936 (across roughly 2358 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 65% | $10,936 |
| Federal Pell grants | 38% | $5,749 |
| Federal student loans | 38% | $6,459 |
Title-IV recipients living on campus saw average grant aid of $12,464.
Because need-based aid scales with family income, what students actually pay differs sharply across income brackets.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $11,550 |
| $30,001 – $75,000 | $13,680 |
| Over $75,000 | $17,580 |
Each amount is the average cost remaining once grant aid is subtracted, by income band.
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 | $11,386 |
| Off-campus title-IV students | $13,451 |
For an estimate tailored to your family circumstances, see Francis Marion University’s official net price calculator: netprice.fmarion.edu/.
The median student at Francis Marion University graduates with $15,617 of cumulative federal debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $15,617 |
| Median federal debt (graduates only) | $27,000 |
| Typical 10-year monthly payment (graduates) | $286.24/mo |
Under a standard ten-year plan, the median graduate’s monthly payment lands near the figure above.
Percentiles reveal the spread — half of all borrowers fall between the 25th and 75th percentiles. Use the percentiles below to see the debt range at Francis Marion University.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $4,374 |
| 25th percentile | $7,500 |
| 75th percentile | $31,250 |
| 90th percentile (highest-debt students) | $45,496 |
Median debt varies by family income, by first-generation status, and by dependency status.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $16,000 |
| Middle income | $15,500 |
| High income | $15,000 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $15,696 |
| Continuing-generation students | $15,000 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $15,000 |
| Independent students | $18,750 |
These indicators are derived from the underlying debt data and summarize the overall picture at Francis Marion University.
Most undergraduate borrowing runs through the federal Stafford loan program. These figures summarize annual Stafford program activity at Francis Marion University:
| Metric | Value |
|---|---|
| Stafford loan recipients | 16958 |
| Total Stafford loan amount | $429,495,440 |
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 | 55 |
| Total GI Bill amount | $537,250 |
| Average GI Bill amount per recipient | $9,768 |
Active-duty Tuition Assistance recipients
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 3 |
| Total DoD amount | $9,000 |
| Average DoD amount per recipient | $3,000 |
References
More about our data sources and methodologies.