by our College Data Analytics TeamMany students are not billed 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 Gannon University can appear overwhelming, but bear in mind that many students obtain some kind of financial aid.
Just what financing solutions does Gannon provide, and just what are you going to be eligible for? Keep scrolling for answers. Keep scrolling to find out what amount of financial assistance will be accessible to you.
Eligibility for aid and scholarships is driven mostly by your household’s income and need. Continue reading to find information to help you understand just how much assistance you can expect to receive from Gannon University.
Aid such as grants, loans, work-study, and scholarships helps colleges decrease the real cost of attendance for most students. Some kinds of aid are clearly preferable to others, and outcomes differ across students.
Looking at the entering class at Gannon University, 85% of first-year full-time students received aid of some kind (about 520 freshmen).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 85% | $29,799 |
| Institutional grants & scholarships | 84% | $26,180 |
| Federal Pell grants | 29% | $5,714 |
| State/local grants | 29% | $4,455 |
| Federal student loans | 79% | $5,684 |
The best aid is gift aid: grants and scholarships that carry no repayment obligation. Across the undergraduate body at Gannon, roughly 75% of undergrads got grants or scholarships worth on average $28,009 (for some 2204 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 75% | $28,009 |
| Federal Pell grants | 24% | $5,663 |
| Federal student loans | 64% | $6,742 |
On-campus students receiving title-IV aid were awarded grants averaging $30,316.
How much a family pays depends heavily on income, because most aid is awarded on the basis of financial need.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $17,369 |
| $30,001 – $75,000 | $19,809 |
| Over $75,000 | $25,704 |
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 | $22,553 |
| Off-campus title-IV students | $23,206 |
For a customized cost estimate, visit Gannon’s net price calculator: gannon.studentaidcalculator.com/.
The middle student in the debt distribution at Gannon owes $23,031 in federal student debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $23,031 |
| Median federal debt (graduates only) | $27,000 |
| Typical 10-year monthly payment (graduates) | $286.24/mo |
The 10-year payment estimate assumes a standard federal repayment plan and the median graduate debt amount.
The median alone does not show how widely outcomes vary across the student body. The four reference points below map the debt distribution at Gannon.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $5,500 |
| 25th percentile | $9,870 |
| 75th percentile | $27,000 |
| 90th percentile (highest-debt students) | $37,250 |
The figures below break down median federal debt by income tier, first-generation status, and dependency.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $19,500 |
| Middle income | $22,906 |
| High income | $24,187 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $22,324 |
| Continuing-generation students | $23,250 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $23,250 |
| Independent students | $12,500 |
Federal data publishes pre-calculated indicators that summarize debt outcomes. Gannon.
Most undergraduate borrowing runs through the federal Stafford loan program. The annual Stafford volume below reflects program activity at Gannon:
| Metric | Value |
|---|---|
| Stafford loan recipients | 14021 |
| Total Stafford loan amount | $384,667,906 |
Military-affiliated students can tap the Post-9/11 GI Bill and DoD Tuition Assistance.
Post-9/11 GI Bill recipients
| Metric | Value |
|---|---|
| GI Bill recipients | 29 |
| Total GI Bill amount | $465,538 |
| Average GI Bill amount per recipient | $16,053 |
DoD Tuition Assistance activity
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 0 |
| Total DoD amount | $0 |
References
More about our data sources and methodologies.