by our College Data Analytics TeamA lot of students are not billed the full, advertised sticker price of a school. Instead, they will be given a financial aid offer that will include a combination of scholarships, grants, loans, and work-study. The price tag of going to Goodwin University can appear overwhelming, but bear in mind that many students obtain some kind of financial aid.
What financial assistance options will Goodwin offer you, and what will you qualify for? Read on for more information. Keep reading to discover how much school funding could be available to you.
How much aid you qualify for depends largely on your family’s financial circumstances. The figures below will help you estimate the aid you might receive from Goodwin 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.
For incoming first-year students at Goodwin University, 97% of entering full-time freshmen got some type of financial assistance around 91 freshmen).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 97% | $11,000 |
| Institutional grants & scholarships | 93% | $7,266 |
| Federal Pell grants | 54% | $5,358 |
| State/local grants | 6% | $9,338 |
| Federal student loans | 68% | $6,075 |
Grants and scholarships are the most valuable form of aid because, unlike loans, they never have to be repaid. Across the undergraduate body at Goodwin, roughly 88% of undergraduate students received gift aid averaging $6,066 (for some 2570 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 88% | $6,066 |
| Federal Pell grants | 54% | $3,889 |
| Federal student loans | 77% | $8,316 |
On-campus students receiving title-IV aid were awarded grants averaging $10,340.
Need-based aid means lower-income families typically pay far less than the sticker price suggests.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $27,878 |
| $30,001 – $75,000 | $30,126 |
| Over $75,000 | $31,396 |
The numbers above are post-aid net prices, so they already account for grants and scholarships.
The net price strips out grant and scholarship aid from the sticker price to show roughly what families really pay.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $29,249 |
| Off-campus title-IV students | $29,237 |
For a customized cost estimate, visit Goodwin’s NPC: www.goodwin.edu/institutional-effectiveness/npcalc/npcalc.htm.
The median student at Goodwin graduates with $14,221 of cumulative federal debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $14,221 |
| Median federal debt (graduates only) | $33,500 |
| Typical 10-year monthly payment (graduates) | $355.16/mo |
Under a standard ten-year plan, the median graduate’s monthly payment lands near the figure above.
Looking only at the median can be misleading because it hides the spread. The percentiles below describe the cumulative federal debt distribution for borrowers at Goodwin.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,500 |
| 25th percentile | $5,500 |
| 75th percentile | $29,250 |
| 90th percentile (highest-debt students) | $44,849 |
Median debt varies by family income, by first-generation status, and by dependency status.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $13,260 |
| Middle income | $14,750 |
| High income | $15,046 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $13,952 |
| Continuing-generation students | $14,463 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $9,710 |
| Independent students | $14,992 |
The Department of Education computes summary indicators that describe debt outcomes at a glance. Goodwin.
Most undergraduate borrowing runs through the federal Stafford loan program. The totals below capture Stafford lending at Goodwin:
| Metric | Value |
|---|---|
| Stafford loan recipients | 21487 |
| Total Stafford loan amount | $442,290,008 |
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 | 7 |
| Total GI Bill amount | $124,374 |
| Average GI Bill amount per recipient | $17,768 |
References
More about our data sources and methodologies.