by our College Data Analytics TeamA large number of students are not billed the advertised price of a school. Instead, they will be provided a financial aid package that will include a combination of scholarships, grants, loans, and work-study. The price tag of going to Freed-Hardeman University can appear overpowering, but remember that the majority of students obtain some kind of financial assistance.
Just what financial aid solutions can FHU deliver, and just what are you going to be eligible for? Keep reading for answers. Keep reading to see just how much financial aid could be open to you.
Eligibility for aid and scholarships is driven mostly by your household’s income and need. The information provided on this page can help you determine how much aid you may receive from Freed-Hardeman University.
Through a mix of loans, grants, work-study and scholarships, schools bring down the effective cost so more students can attend. Bear in mind that not all aid is equal, and the amount any one student receives can vary widely.
Looking at the entering class at Freed-Hardeman University, 96% of first-time, full-time freshmen received some form of financial aid around 274 freshmen).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 96% | $18,074 |
| Institutional grants & scholarships | 96% | $13,168 |
| Federal Pell grants | 27% | $4,977 |
| State/local grants | 55% | $5,619 |
| Federal student loans | 49% | $7,804 |
Grants and scholarships are the most valuable form of aid because, unlike loans, they never have to be repaid. At this school, roughly 90% of undergraduates were awarded an average grant or scholarship of $12,551 (for some 1725 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 90% | $12,551 |
| Federal Pell grants | 18% | $5,164 |
| Federal student loans | 34% | $8,200 |
For students living on campus and receiving title-IV aid, grants averaged $16,741.
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 | $15,789 |
| $30,001 – $75,000 | $18,413 |
| Over $75,000 | $22,953 |
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 | $21,574 |
| Off-campus title-IV students | $20,082 |
For an estimate tailored to your family circumstances, see FHU’s net price tool: www.fhu.edu/npc.
The middle student in the debt distribution at FHU owes $16,750 of cumulative federal debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $16,750 |
| Median federal debt (graduates only) | $21,500 |
| Typical 10-year monthly payment (graduates) | $227.94/mo |
The 10-year payment estimate assumes a standard federal repayment plan and the median graduate debt amount.
The numbers below show the full range, not just the middle of the distribution. The four reference points below map the debt distribution at FHU.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,875 |
| 25th percentile | $7,500 |
| 75th percentile | $27,000 |
| 90th percentile (highest-debt students) | $35,375 |
Debt outcomes are not uniform — they shift with income, first-generation status, and dependency.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $13,671 |
| Middle income | $15,063 |
| High income | $18,519 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $14,463 |
| Continuing-generation students | $19,000 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $16,900 |
| Independent students | $14,463 |
A handful of calculated indicators summarize the debt outlook at FHU.
The Stafford program is the federal direct-loan vehicle most undergraduates use. The totals below capture Stafford lending at FHU:
| Metric | Value |
|---|---|
| Stafford loan recipients | 8038 |
| Total Stafford loan amount | $249,159,272 |
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 | 16 |
| Total GI Bill amount | $204,799 |
| Average GI Bill amount per recipient | $12,800 |
DoD Tuition Assistance activity
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 3 |
| Total DoD amount | $6,000 |
| Average DoD amount per recipient | $2,000 |
References
More about our data sources and methodologies.