by our College Data Analytics TeamMost students will never be charged 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 price of attendance at Friends University can feel overwhelming, but bear in mind that many students receive some sort of financial aid.
What financial assistance options will Friends University offer, and what will you qualify for? Read on for more information. Keep reading 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. Read on to get a sense of the financial assistance available at Friends University.
Colleges use loans, grants, scholarships and work-study to minimize what students actually pay out of pocket. Some kinds of aid are clearly preferable to others, and outcomes differ across students.
For incoming first-year students at Friends University, 100% of entering full-time freshmen got some type of financial assistance approximately 246 incoming students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 100% | $21,579 |
| Institutional grants & scholarships | 99% | $17,503 |
| Federal Pell grants | 43% | $5,648 |
| State/local grants | 34% | $4,880 |
| Federal student loans | 70% | $5,801 |
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, around 66% of the undergraduate population received grant aid that averaged $20,775 (for some 959 recipients).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 66% | $20,775 |
| Federal Pell grants | 30% | $5,545 |
| Federal student loans | 58% | $7,373 |
For on-campus title-IV students, average grant aid came to $22,767.
Need-based aid means lower-income families typically pay far less than the sticker price suggests.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $17,742 |
| $30,001 – $75,000 | $20,763 |
| Over $75,000 | $31,523 |
Remember these are net prices — what families pay after gift aid, not before.
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 | $27,715 |
| Off-campus title-IV students | $27,442 |
For a personalized estimate based on your family’s financial situation, use Friends University’s net price tool: friends.clearcostcalculator.com/student/default/netpricecalculator/survey.
Graduating students at Friends University carry a median federal student debt of $17,413 of federal student loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $17,413 |
| Median federal debt (graduates only) | $25,000 |
| Typical 10-year monthly payment (graduates) | $265.04/mo |
At a typical 10-year repayment schedule, the median graduate would pay about the monthly figure above.
The numbers below show the full range, not just the middle of the distribution. These percentiles trace how cumulative federal debt is spread among borrowers at Friends University.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $4,704 |
| 25th percentile | $8,250 |
| 75th percentile | $29,000 |
| 90th percentile (highest-debt students) | $39,750 |
Debt outcomes are not uniform — they shift with income, first-generation status, and dependency.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $16,750 |
| Middle income | $18,375 |
| High income | $16,000 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $18,138 |
| Continuing-generation students | $14,000 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $15,075 |
| Independent students | $21,000 |
These indicators are derived from the underlying debt data and summarize the overall picture at Friends University.
Stafford loans make up the bulk of federal direct lending to undergraduates. These figures summarize annual Stafford program activity at Friends University:
| Metric | Value |
|---|---|
| Stafford loan recipients | 13298 |
| Total Stafford loan amount | $359,756,077 |
Veterans and active-duty service members may qualify for the Post-9/11 GI Bill or DoD Tuition Assistance.
Post-9/11 GI Bill activity
| Metric | Value |
|---|---|
| GI Bill recipients | 41 |
| Total GI Bill amount | $487,892 |
| Average GI Bill amount per recipient | $11,900 |
Active-duty Tuition Assistance recipients
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 6 |
| Total DoD amount | $19,250 |
| Average DoD amount per recipient | $3,208 |
References
More about our data sources and methodologies.