by our College Data Analytics TeamMost 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 Grambling State University can appear overpowering, but remember that the majority of students obtain some kind of financial assistance.
Just what financial assistance solutions will GSU deliver, and just what are you going to be eligible for? Read on for answers. Keep going to discover how much school funding could be available to you.
Eligibility for aid and scholarships is driven mostly by your household’s income and need. The figures below will help you estimate the aid you might receive from Grambling 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 Grambling State University, 95% of entering full-time freshmen got some type of financial assistance (about 870 new students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 95% | $8,870 |
| Institutional grants & scholarships | 43% | $5,333 |
| Federal Pell grants | 79% | $6,451 |
| State/local grants | 35% | $2,928 |
| Federal student loans | 79% | $6,437 |
Unlike loans, grants and scholarships are gift aid that does not need to be paid back, making them the most desirable form of assistance. Across the undergraduate body at GSU, about 87% of undergraduate students received gift aid averaging $8,945 (among about 3720 undergraduates).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 87% | $8,945 |
| Federal Pell grants | 75% | $6,205 |
| Federal student loans | 78% | $7,158 |
For on-campus title-IV students, average grant aid came to $5,558.
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 | $17,203 |
| $30,001 – $75,000 | $21,587 |
| Over $75,000 | $24,221 |
The numbers above are post-aid net prices, so they already account for grants and scholarships.
The net price represents the average annual cost a title-IV-receiving student pays after grant aid is subtracted from the full cost of attendance.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $19,809 |
| Off-campus title-IV students | $19,125 |
For a customized cost estimate, visit GSU’s NPC: www.gram.edu/finaid/NetPrice/.
The median student at GSU graduates with $24,500 in federal student debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $24,500 |
| Median federal debt (graduates only) | $36,500 |
| Typical 10-year monthly payment (graduates) | $386.96/mo |
Spreading the median graduate debt over a standard 10-year repayment schedule works out to roughly the monthly payment shown above.
Looking only at the median can be misleading because it hides the spread. These percentiles trace how cumulative federal debt is spread among borrowers at GSU.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $4,750 |
| 25th percentile | $8,250 |
| 75th percentile | $39,000 |
| 90th percentile (highest-debt students) | $50,250 |
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 | $25,750 |
| Middle income | $20,000 |
| High income | $17,625 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $24,708 |
| Continuing-generation students | $24,000 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $23,250 |
| Independent students | $31,250 |
The Department of Education computes summary indicators that describe debt outcomes at a glance. GSU.
The Stafford loan program is the largest source of federal direct loans to undergraduates. Below is the annual Stafford program activity at GSU:
| Metric | Value |
|---|---|
| Stafford loan recipients | 37723 |
| Total Stafford loan amount | $1,360,301,670 |
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 | 56 |
| Total GI Bill amount | $91,456 |
| Average GI Bill amount per recipient | $1,633 |
DoD Tuition Assistance activity
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 14 |
| Total DoD amount | $43,898 |
| Average DoD amount per recipient | $3,136 |
References
More about our data sources and methodologies.