by our College Data Analytics TeamThe majority of students will never be charged 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 price tag of going to Hofstra University can appear overpowering, but remember that the majority of students obtain some kind of financial assistance.
What financial aid options can Hofstra offer, and what will you qualify for? Keep reading for more information. Keep going to see just how much financial aid could be open to you.
How much aid you qualify for depends largely on your family’s financial circumstances. Continue reading to find information to help you understand just how much assistance you can expect to receive from Hofstra University.
Through a mix of loans, grants, work-study and scholarships, schools bring down the effective cost so more students can attend. Some kinds of aid are clearly preferable to others, and outcomes differ across students.
For incoming first-year students at Hofstra University, 99% of first-year full-time students received aid of some kind some 1575 incoming students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 99% | $35,061 |
| Institutional grants & scholarships | 99% | $32,267 |
| Federal Pell grants | 29% | $5,945 |
| State/local grants | 22% | $3,423 |
| Federal student loans | 47% | $5,274 |
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 Hofstra, some 94% of the undergraduate population received grant aid that averaged $32,114 (covering around 5829 undergraduates).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 94% | $32,114 |
| Federal Pell grants | 25% | $5,674 |
| Federal student loans | 44% | $6,302 |
Title-IV recipients living on campus saw average grant aid of $36,448.
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 | $30,457 |
| $30,001 – $75,000 | $33,356 |
| Over $75,000 | $37,967 |
Remember these are net prices — what families pay after gift aid, not before.
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 | $34,176 |
| Off-campus title-IV students | $35,129 |
For a customized cost estimate, visit Hofstra’s net price tool: www.hofstra.edu/admission/adm_netprice.html.
The middle student in the debt distribution at Hofstra owes $18,518 of federal borrowing.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $18,518 |
| Median federal debt (graduates only) | $23,621 |
| Typical 10-year monthly payment (graduates) | $250.42/mo |
Under a standard ten-year plan, the median graduate’s monthly payment lands near the figure above.
A single median figure conceals how much debt outcomes differ student to student. Use the percentiles below to see the debt range at Hofstra.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $4,250 |
| 25th percentile | $6,500 |
| 75th percentile | $27,000 |
| 90th percentile (highest-debt students) | $31,000 |
Median debt varies by family income, by first-generation status, and by dependency status.
Debt by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $18,500 |
| Middle income | $18,000 |
| High income | $19,312 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $18,933 |
| Continuing-generation students | $18,319 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $19,000 |
| Independent students | $12,500 |
Federal data publishes pre-calculated indicators that summarize debt outcomes. Hofstra.
The Stafford program is the federal direct-loan vehicle most undergraduates use. These figures summarize annual Stafford program activity at Hofstra:
| Metric | Value |
|---|---|
| Stafford loan recipients | 37165 |
| Total Stafford loan amount | $1,094,167,034 |
GI Bill and DoD Tuition Assistance are the two federal aid programs targeted at military-affiliated students.
Post-9/11 GI Bill activity
| Metric | Value |
|---|---|
| GI Bill recipients | 83 |
| Total GI Bill amount | $1,874,366 |
| Average GI Bill amount per recipient | $22,583 |
DoD Tuition Assistance activity
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 0 |
| Total DoD amount | $0 |
References
More about our data sources and methodologies.