by our College Data Analytics TeamMost students are not billed the advertised price of a school. Instead, they will be provided a financial aid package that will include a combination of scholarships, grants, loans, and work-study. The total cost of going to Herzing University-Madison can seem overpowering, but remember that the majority of students are given some form of financial assistance.
Just what financial assistance solutions will Herzing University - Madison provide, and just what are you going to be eligible for? Read on for answers. Read on to see how much school funding could be available to you.
How much aid you qualify for depends largely on your family’s financial circumstances. The information provided on this page can help you determine how much aid you may receive from Herzing University-Madison.
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.
For freshmen starting at Herzing University-Madison, 97% of first-year full-time students received aid of some kind (about 143 new students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 93% | $5,621 |
| Institutional grants & scholarships | 57% | $2,188 |
| Federal Pell grants | 75% | $4,770 |
| State/local grants | 13% | $2,244 |
| Federal student loans | 69% | $7,155 |
Because grants and scholarships do not have to be repaid, they are the most sought-after type of financial aid. At this school, approximately 92% of undergraduates were awarded an average grant or scholarship of $5,773 (across roughly 2009 awardees).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 92% | $5,773 |
| Federal Pell grants | 69% | $4,758 |
| Federal student loans | 69% | $7,968 |
Among title-IV aid recipients living on campus, grant and scholarship aid averaged $5,612.
The figures below show the average net price — cost after all grant and scholarship aid — broken out by family income.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $20,425 |
| $30,001 – $75,000 | $19,734 |
| Over $75,000 | $21,116 |
Each figure is the net price after grants and scholarships, not the published sticker price.
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 | $22,327 |
| Off-campus title-IV students | $20,319 |
For a customized cost estimate, visit Herzing University - Madison’s online cost calculator: www.herzing.edu/tuition-financial-aid/net-price-calculator.
The median student at Herzing University - Madison graduates with $11,756 in federal 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.
The median alone does not show how widely outcomes vary across the student body. Use the percentiles below to see the debt range at Herzing University - Madison.
| 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 |
The figures below break down median federal debt by income tier, first-generation status, and dependency.
Debt by Income Tier
| 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 |
These indicators are derived from the underlying debt data and summarize the overall picture at Herzing University - Madison.
Most undergraduate borrowing runs through the federal Stafford loan program. The aggregate figures below show how active the program is at Herzing University - Madison:
| Metric | Value |
|---|---|
| Stafford loan recipients | 65469 |
| Total Stafford loan amount | $1,220,839,012 |
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 | 19 |
| Total GI Bill amount | $144,775 |
| Average GI Bill amount per recipient | $7,620 |
DoD program volume
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 0 |
| Total DoD amount | $0 |
References
More about our data sources and methodologies.