by our College Data Analytics TeamA large number of students are not billed 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 total cost of going to Hannibal-LaGrange University can seem overwhelming, but bear in mind that many students are given some form of financial aid.
Just what financial assistance solutions will HLGU deliver, and just what are you going to be eligible for? Read on for answers. Keep reading to see just how much financial aid could be open to you.
The amount of financial aid you can receive varies from person to person and will depend on your family’s economic situation. Read on to get a sense of the financial assistance available at Hannibal-LaGrange University.
Financial assistance, available as scholarships, loans, and work-study, is a way schools lower the price of attendance so many students can enroll. Keep in mind that certain forms of assistance are more beneficial than others, and aid amounts differ from student to student.
Among first-time, full-time freshmen at Hannibal-LaGrange University, 67% of entering full-time freshmen got some type of financial assistance approximately 40 incoming students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 67% | $18,203 |
| Institutional grants & scholarships | 63% | $14,934 |
| Federal Pell grants | 33% | $6,357 |
| State/local grants | 20% | $2,363 |
| Federal student loans | 43% | $5,894 |
Gift aid — grants and scholarships — beats loans every time because none of it has to be repaid. At HLGU, around 76% of undergraduates were awarded an average grant or scholarship of $16,330 (covering around 328 recipients).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 76% | $16,330 |
| Federal Pell grants | 37% | $5,499 |
| Federal student loans | 48% | $6,679 |
Among title-IV aid recipients living on campus, grant and scholarship aid averaged $18,025.
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 | $10,896 |
| $30,001 – $75,000 | $18,123 |
| Over $75,000 | $22,764 |
Each amount is the average cost remaining once grant aid is subtracted, by income band.
Net price is the average annual cost after grants and scholarships are subtracted from the published cost of attendance — the figure closest to what a typical aid-receiving student actually pays.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $22,814 |
| Off-campus title-IV students | $21,123 |
For a customized cost estimate, visit HLGU’s official net price calculator: npc.collegeboard.org/student/app/hlg.
The median student at HLGU graduates with $13,688 in federal student debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $13,688 |
| Median federal debt (graduates only) | $18,599 |
| Typical 10-year monthly payment (graduates) | $197.18/mo |
That monthly figure reflects the median graduate debt repaid on a standard 10-year federal schedule.
A single median figure conceals how much debt outcomes differ student to student. The figures below chart the debt distribution at HLGU.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,675 |
| 25th percentile | $6,500 |
| 75th percentile | $22,060 |
| 90th percentile (highest-debt students) | $27,000 |
Outcomes differ by income bracket, by first-generation status, and by whether a student is financially dependent.
Debt by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $12,707 |
| Middle income | $15,000 |
| High income | $15,000 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $13,062 |
| Continuing-generation students | $15,000 |
Dependent vs Independent Students
| Cohort | Median federal debt |
|---|---|
| Dependent students | $13,000 |
| Independent students | $14,645 |
These indicators are derived from the underlying debt data and summarize the overall picture at HLGU.
The Stafford loan program is the largest source of federal direct loans to undergraduates. The totals below capture Stafford lending at HLGU:
| Metric | Value |
|---|---|
| Stafford loan recipients | 4444 |
| Total Stafford loan amount | $75,150,171 |
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 | 5 |
| Total GI Bill amount | $76,033 |
| Average GI Bill amount per recipient | $15,207 |
DoD program volume
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 0 |
| Total DoD amount | $0 |
References
More about our data sources and methodologies.