by our College Data Analytics TeamA large number 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 sum total of attendance at Hiram College can sound overwhelming, but bear in mind that many students get some type of financial aid.
What financing options does Hiram offer, and what will you qualify for? Keep scrolling for more information. Keep going to see just how much financial aid could be open to you.
Your financial aid package, which may contain grants and scholarships, will be determined on your financial need. Read on to get a sense of the financial assistance available at Hiram College.
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.
Looking at the entering class at Hiram College, 99% of first-year full-time students received aid of some kind roughly 229 new students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 99% | $18,726 |
| Institutional grants & scholarships | 98% | $14,584 |
| Federal Pell grants | 45% | $5,302 |
| State/local grants | 29% | $5,013 |
| Federal student loans | 78% | $5,596 |
Unlike loans, grants and scholarships are gift aid that does not need to be paid back, making them the most desirable form of assistance. At Hiram, about 71% of undergraduate students received gift aid averaging $17,266 (across approximately 702 undergraduates).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 71% | $17,266 |
| Federal Pell grants | 32% | $5,326 |
| Federal student loans | 56% | $9,563 |
On-campus students receiving title-IV aid were awarded grants averaging $19,514.
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 | $16,472 |
| $30,001 – $75,000 | $17,380 |
| Over $75,000 | $24,636 |
These figures reflect what title-IV aid recipients pay after grant and scholarship aid is applied.
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 | $21,058 |
| Off-campus title-IV students | $20,088 |
For a customized cost estimate, visit Hiram’s NPC: www.hiram.edu/admissions-aid/student-financial-services/net-price-calculator/.
The middle student in the debt distribution at Hiram owes $19,500 in federal student debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $19,500 |
| Median federal debt (graduates only) | $27,000 |
| Typical 10-year monthly payment (graduates) | $286.24/mo |
Spreading the median graduate debt over a standard 10-year repayment schedule works out to roughly the monthly payment shown above.
The numbers below show the full range, not just the middle of the distribution. Use the percentiles below to see the debt range at Hiram.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $5,399 |
| 25th percentile | $9,950 |
| 75th percentile | $30,937 |
| 90th percentile (highest-debt students) | $41,585 |
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 | $15,480 |
| Middle income | $19,500 |
| High income | $24,000 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $19,500 |
| Continuing-generation students | $19,500 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $19,500 |
| Independent students | $16,750 |
The Department of Education computes summary indicators that describe debt outcomes at a glance. Hiram.
Stafford loans make up the bulk of federal direct lending to undergraduates. The totals below capture Stafford lending at Hiram:
| Metric | Value |
|---|---|
| Stafford loan recipients | 5584 |
| Total Stafford loan amount | $113,319,666 |
Military-affiliated students can tap the Post-9/11 GI Bill and DoD Tuition Assistance.
Post-9/11 GI Bill activity
| Metric | Value |
|---|---|
| GI Bill recipients | 5 |
| Total GI Bill amount | $96,693 |
| Average GI Bill amount per recipient | $19,339 |
References
More about our data sources and methodologies.