by our College Data Analytics TeamMany students will not be asked to pay 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 Herzing University-Birmingham can appear overwhelming, but bear in mind that many students obtain some kind of financial aid.
Just what financial assistance solutions will Herzing University - Birmingham deliver, and just what are you going to be eligible for? Read on for answers. Keep scrolling to learn how much school funding will be available to you.
The amount of financial aid you can receive varies from person to person and will depend on your family’s economic situation. The information provided on this page can help you determine how much aid you may receive from Herzing University-Birmingham.
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 Herzing University-Birmingham, 100% of the incoming full-time class was awarded financial aid (about 19 first-years).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 100% | $8,153 |
| Institutional grants & scholarships | 74% | $2,386 |
| Federal Pell grants | 95% | $6,271 |
| State/local grants | 21% | $717 |
| Federal student loans | 84% | $9,907 |
Unlike loans, grants and scholarships are gift aid that does not need to be paid back, making them the most desirable form of assistance. Here, about 92% of the undergraduate population received grant aid that averaged $5,399 (for some 411 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 92% | $5,399 |
| Federal Pell grants | 68% | $4,051 |
| Federal student loans | 80% | $7,308 |
For on-campus title-IV students, average grant aid came to $8,099.
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 | $21,090 |
| $30,001 – $75,000 | $20,515 |
Each amount is the average cost remaining once grant aid is subtracted, by income band.
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 | $19,651 |
| Off-campus title-IV students | $20,957 |
To project your own net price, use Herzing University - Birmingham’s net price tool: www.herzing.edu/tuition-financial-aid/net-price-calculator.
The median student at Herzing University - Birmingham graduates with $11,756 of federal student loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $11,756 |
| Median federal debt (graduates only) | $21,500 |
| Typical 10-year monthly payment (graduates) | $227.94/mo |
At a typical 10-year repayment schedule, the median graduate would pay about the monthly figure above.
Percentiles reveal the spread — half of all borrowers fall between the 25th and 75th percentiles. These percentiles trace how cumulative federal debt is spread among borrowers at Herzing University - Birmingham.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,466 |
| 25th percentile | $4,750 |
| 75th percentile | $23,024 |
| 90th percentile (highest-debt students) | $34,866 |
Median debt varies by family income, by first-generation status, and by dependency status.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $10,662 |
| Middle income | $13,130 |
| High income | $15,250 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $11,350 |
| Continuing-generation students | $14,080 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $11,000 |
| Independent students | $12,018 |
A handful of calculated indicators summarize the debt outlook at Herzing University - Birmingham.
The Stafford program is the federal direct-loan vehicle most undergraduates use. The annual Stafford volume below reflects program activity at Herzing University - Birmingham:
| Metric | Value |
|---|---|
| Stafford loan recipients | 65469 |
| Total Stafford loan amount | $1,220,839,012 |
The GI Bill and DoD Tuition Assistance are the main federal aid routes for veterans and service members.
Post-9/11 GI Bill activity
| Metric | Value |
|---|---|
| GI Bill recipients | 22 |
| Total GI Bill amount | $139,266 |
| Average GI Bill amount per recipient | $6,330 |
Active-duty Tuition Assistance recipients
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 0 |
| Total DoD amount | $0 |
References
More about our data sources and methodologies.