by our College Data Analytics TeamMany 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 sum total of attendance at Frostburg State University can sound overwhelming, but bear in mind that many students get some type of financial aid.
Just what financial aid solutions can Frostburg State provide, and just what are you going to be eligible for? Keep reading for answers. Read on to discover what amount of financial assistance could be accessible to you.
The amount of financial aid and scholarships you are eligible for will vary depending on your family’s income. The figures below will help you estimate the aid you might receive from Frostburg State 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. Some kinds of aid are clearly preferable to others, and outcomes differ across students.
At Frostburg State University, 97% of first-time, full-time freshmen received some form of financial aid approximately 596 freshmen).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 94% | $10,445 |
| Institutional grants & scholarships | 87% | $6,642 |
| Federal Pell grants | 42% | $5,587 |
| State/local grants | 31% | $4,956 |
| Federal student loans | 49% | $5,064 |
The best aid is gift aid: grants and scholarships that carry no repayment obligation. At this school, roughly 72% of undergraduate students received gift aid averaging $8,399 (for some 2393 undergraduates).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 72% | $8,399 |
| Federal Pell grants | 32% | $5,409 |
| Federal student loans | 38% | $6,178 |
Title-IV recipients living on campus saw average grant aid of $10,341.
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 | $10,380 |
| $30,001 – $75,000 | $14,990 |
| Over $75,000 | $21,942 |
Each figure is the net price after grants and scholarships, not the published sticker price.
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 | $16,715 |
| Off-campus title-IV students | $15,323 |
For an estimate tailored to your family circumstances, see Frostburg State’s net price tool: www.frostburg.edu/admissions-and-cost/financial-aid/calculators-and-tools.php.
A typical borrower at Frostburg State leaves with $14,867 of federal borrowing.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $14,867 |
| Median federal debt (graduates only) | $21,105 |
| Typical 10-year monthly payment (graduates) | $223.75/mo |
That monthly figure reflects the median graduate debt repaid on a standard 10-year federal schedule.
The median alone does not show how widely outcomes vary across the student body. The figures below chart the debt distribution at Frostburg State.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,750 |
| 25th percentile | $6,500 |
| 75th percentile | $25,485 |
| 90th percentile (highest-debt students) | $31,613 |
The figures below break down median federal debt by income tier, first-generation status, and dependency.
Debt by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $15,000 |
| Middle income | $14,750 |
| High income | $14,596 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $15,000 |
| Continuing-generation students | $14,000 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $15,000 |
| Independent students | $13,752 |
The Department of Education computes summary indicators that describe debt outcomes at a glance. Frostburg State.
The Stafford loan program is the largest source of federal direct loans to undergraduates. Below is the annual Stafford program activity at Frostburg State:
| Metric | Value |
|---|---|
| Stafford loan recipients | 17678 |
| Total Stafford loan amount | $336,686,255 |
GI Bill and DoD Tuition Assistance are the two federal aid programs targeted at military-affiliated students.
Post-9/11 GI Bill recipients
| Metric | Value |
|---|---|
| GI Bill recipients | 88 |
| Total GI Bill amount | $433,930 |
| Average GI Bill amount per recipient | $4,931 |
DoD Tuition Assistance activity
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 7 |
| Total DoD amount | $2,450 |
| Average DoD amount per recipient | $350 |
References
More about our data sources and methodologies.