by our College Data Analytics TeamMany students will never be charged the full sticker price of a school. Rather, they are offered a financial aid plan that includes a mix of loans, grants, scholarships, and possibly work-study opportunities. The price tag of going to Kean University can appear overpowering, but remember that the majority of students obtain some kind of financial assistance.
What financial assistance options will Kean offer, and what will you qualify for? Read on for more information. Keep going to discover what amount of financial assistance could be accessible to you.
Your financial aid package, which may contain grants and scholarships, will be determined on your financial need. Continue reading to find information to help you understand just how much assistance you can expect to receive from Kean University.
Through a mix of loans, grants, work-study and scholarships, schools bring down the effective cost so more students can attend. 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 Kean University, 97% of first-year full-time students received aid of some kind (about 1882 new students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 90% | $15,048 |
| Institutional grants & scholarships | 64% | $7,048 |
| Federal Pell grants | 63% | $6,537 |
| State/local grants | 57% | $8,517 |
| Federal student loans | 47% | $5,152 |
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 this school, roughly 71% of undergraduate students received gift aid averaging $13,008 (across roughly 7934 awardees).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 71% | $13,008 |
| Federal Pell grants | 48% | $6,332 |
| Federal student loans | 41% | $6,454 |
Title-IV recipients living on campus saw average grant aid of $14,502.
Need-based aid means lower-income families typically pay far less than the sticker price suggests.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $6,935 |
| $30,001 – $75,000 | $9,952 |
| Over $75,000 | $21,173 |
Each figure is the net price after grants and scholarships, not the published sticker price.
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 | $12,447 |
| Off-campus title-IV students | $12,168 |
To project your own net price, use Kean’s net price calculator: www.kean.edu/offices/financial-aid/financial-aid-estimators.
A typical borrower at Kean leaves with $17,199 of cumulative federal debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $17,199 |
| Median federal debt (graduates only) | $23,250 |
| Typical 10-year monthly payment (graduates) | $246.49/mo |
Under a standard ten-year plan, the median graduate’s monthly payment lands near the figure above.
The numbers below show the full range, not just the middle of the distribution. The four reference points below map the debt distribution at Kean.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $4,125 |
| 25th percentile | $8,250 |
| 75th percentile | $28,000 |
| 90th percentile (highest-debt students) | $36,000 |
The figures below break down median federal debt by income tier, first-generation status, and dependency.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $17,500 |
| Middle income | $17,253 |
| High income | $16,250 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $17,250 |
| Continuing-generation students | $17,000 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $15,250 |
| Independent students | $21,601 |
These indicators are derived from the underlying debt data and summarize the overall picture at Kean.
Most undergraduate borrowing runs through the federal Stafford loan program. Below is the annual Stafford program activity at Kean:
| Metric | Value |
|---|---|
| Stafford loan recipients | 47242 |
| Total Stafford loan amount | $1,098,772,128 |
GI Bill and DoD Tuition Assistance are the two federal aid programs targeted at military-affiliated students.
GI Bill volume
| Metric | Value |
|---|---|
| GI Bill recipients | 250 |
| Total GI Bill amount | $1,631,130 |
| Average GI Bill amount per recipient | $6,525 |
Active-duty Tuition Assistance recipients
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 25 |
| Total DoD amount | $75,000 |
| Average DoD amount per recipient | $3,000 |
References
More about our data sources and methodologies.