by our College Data Analytics TeamA lot of students will not be asked to pay 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 Furman University can appear tremendous, but do not forget that almost all students obtain some kind of financial help.
What financial assistance options will Furman offer you, and what will you qualify for? Read on for more information. Keep scrolling to find out how much school funding will be available to you.
Your financial aid package, which may contain grants and scholarships, will be determined on your financial need. The information provided on this page can help you determine how much aid you may receive from Furman University.
Aid such as grants, loans, work-study, and scholarships helps colleges decrease the real cost of attendance for most students. However, some types of aid are more desirable than others, and some students will receive more than others.
At Furman University, 100% of new full-time first-years were awarded at least some aid around 617 incoming students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 100% | $42,811 |
| Institutional grants & scholarships | 100% | $39,103 |
| Federal Pell grants | 15% | $5,747 |
| State/local grants | 33% | $8,313 |
| Federal student loans | 30% | $5,262 |
Unlike loans, grants and scholarships are gift aid that does not need to be paid back, making them the most desirable form of assistance. At Furman, around 99% of undergraduates were awarded grant or scholarship aid averaging $41,349 (among about 2304 recipients).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 99% | $41,349 |
| Federal Pell grants | 13% | $5,622 |
| Federal student loans | 28% | $6,200 |
On-campus students receiving title-IV aid were awarded grants averaging $46,490.
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 | $16,236 |
| $30,001 – $75,000 | $21,684 |
| Over $75,000 | $34,850 |
These figures reflect what title-IV aid recipients pay after grant and scholarship aid is applied.
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 | $30,308 |
| Off-campus title-IV students | $29,997 |
For an estimate tailored to your family circumstances, see Furman’s net price calculator: www.collegenpc.com/FurmanUniversity.
The middle student in the debt distribution at Furman owes $19,500 of federal student loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $19,500 |
| Median federal debt (graduates only) | $23,250 |
| Typical 10-year monthly payment (graduates) | $246.49/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 Furman.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $5,500 |
| 25th percentile | $9,250 |
| 75th percentile | $27,000 |
| 90th percentile (highest-debt students) | $38,843 |
How much a student borrows depends heavily on family income, first-gen status, and dependency.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $19,031 |
| Middle income | $19,500 |
| High income | $19,500 |
First-Gen vs Continuing-Gen Median Debt
| Cohort | Median federal debt |
|---|---|
| First-generation students | $20,250 |
| Continuing-generation students | $19,500 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $19,500 |
| Independent students | $13,544 |
These indicators are derived from the underlying debt data and summarize the overall picture at Furman.
Stafford loans are the federal government’s primary direct undergraduate lending program. These figures summarize annual Stafford program activity at Furman:
| Metric | Value |
|---|---|
| Stafford loan recipients | 4457 |
| Total Stafford loan amount | $77,812,677 |
If you are a veteran or active-duty service member, the GI Bill and DoD Tuition Assistance are the primary federal programs you can use at this school.
Post-9/11 GI Bill recipients
| Metric | Value |
|---|---|
| GI Bill recipients | 30 |
| Total GI Bill amount | $1,085,181 |
| Average GI Bill amount per recipient | $36,173 |
References
More about our data sources and methodologies.