by our College Data Analytics TeamThe majority of students will never be charged 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 Kenyon College can sound overwhelming, but bear in mind that many students get some type of financial aid.
Just what financial assistance solutions will Kenyon provide, and just what are you going to be eligible for? Read on for answers. Scroll down to discover just how much financial aid could be open to you.
The amount of financial aid and scholarships you are eligible for will vary depending on your family’s income. The figures below will help you estimate the aid you might receive from Kenyon 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.
Among first-time, full-time freshmen at Kenyon College, 83% of first-time, full-time freshmen received some form of financial aid (about 378 first-years).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 82% | $40,731 |
| Institutional grants & scholarships | 81% | $39,490 |
| Federal Pell grants | 11% | $5,752 |
| State/local grants | 2% | $3,529 |
| Federal student loans | 25% | $5,058 |
Gift aid — grants and scholarships — beats loans every time because none of it has to be repaid. At this school, about 65% of undergraduate students received gift aid averaging $41,244 (across roughly 1428 undergraduates).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 65% | $41,244 |
| Federal Pell grants | 10% | $5,297 |
| Federal student loans | 21% | $5,988 |
For students living on campus and receiving title-IV aid, grants averaged $49,078.
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 | $9,897 |
| $30,001 – $75,000 | $12,956 |
| Over $75,000 | $41,037 |
The numbers above are post-aid net prices, so they already account for grants and scholarships.
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 | $38,512 |
| Off-campus title-IV students | $29,383 |
To project your own net price, use Kenyon’s net price tool: www.kenyon.edu/admissions-aid/financial-aid-scholarships/estimate-financial-aid/.
The median student at Kenyon graduates with $15,000 of cumulative federal debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $15,000 |
| Median federal debt (graduates only) | $18,527 |
| Typical 10-year monthly payment (graduates) | $196.42/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. These percentiles trace how cumulative federal debt is spread among borrowers at Kenyon.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,500 |
| 25th percentile | $7,500 |
| 75th percentile | $21,737 |
| 90th percentile (highest-debt students) | $26,000 |
Outcomes differ by income bracket, by first-generation status, and by whether a student is financially dependent.
Debt by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $14,394 |
| Middle income | $16,250 |
| High income | $14,500 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $17,008 |
| Continuing-generation students | $13,500 |
Federal data publishes pre-calculated indicators that summarize debt outcomes. Kenyon.
Stafford loans make up the bulk of federal direct lending to undergraduates. Below is the annual Stafford program activity at Kenyon:
| Metric | Value |
|---|---|
| Stafford loan recipients | 2546 |
| Total Stafford loan amount | $30,458,602 |
If you are a veteran or active-duty service member, the GI Bill and DoD Tuition Assistance are the primary federal programs you can use at this school.
Post-9/11 GI Bill recipients
| Metric | Value |
|---|---|
| GI Bill recipients | 5 |
| Total GI Bill amount | $172,297 |
| Average GI Bill amount per recipient | $34,459 |
References
More about our data sources and methodologies.