by our College Data Analytics TeamMany 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 total cost of going to King University can seem tremendous, but do not forget that almost all students are given some form of financial help.
Just what financial assistance solutions will King provide, and just what are you going to be eligible for? Read on for answers. Keep going to discover what amount of financial assistance could be accessible to you.
The amount of financial aid and scholarships you are eligible for will vary depending on your family’s income. Continue reading to find information to help you understand just how much assistance you can expect to receive from King University.
Financial assistance, available as scholarships, loans, and work-study, is a way schools lower the price of attendance so many students can enroll. However, some types of aid are more desirable than others, and some students will receive more than others.
At King University, 100% of entering full-time freshmen got some type of financial assistance approximately 163 first-years).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 99% | $26,366 |
| Institutional grants & scholarships | 97% | $21,345 |
| Federal Pell grants | 48% | $5,120 |
| State/local grants | 42% | $6,544 |
| Federal student loans | 60% | $5,125 |
Because grants and scholarships do not have to be repaid, they are the most sought-after type of financial aid. At King, some 83% of undergraduates were awarded an average grant or scholarship of $20,046 (across approximately 889 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 83% | $20,046 |
| Federal Pell grants | 42% | $5,957 |
| Federal student loans | 55% | $7,026 |
For students living on campus and receiving title-IV aid, grants averaged $26,657.
Need-based aid means lower-income families typically pay far less than the sticker price suggests.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $21,340 |
| $30,001 – $75,000 | $20,391 |
| Over $75,000 | $26,938 |
Each amount is the average cost remaining once grant aid is subtracted, by income band.
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 | $22,347 |
| Off-campus title-IV students | $23,127 |
For a customized cost estimate, visit King’s online cost calculator: www.king.edu/admissions/financial-aid/tuition-and-fees/traditional-undergrad-cost/net-price-calculator/.
A typical borrower at King leaves with $18,000 of federal borrowing.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $18,000 |
| Median federal debt (graduates only) | $22,750 |
| Typical 10-year monthly payment (graduates) | $241.19/mo |
Under a standard ten-year plan, the median graduate’s monthly payment lands near the figure above.
Percentiles reveal the spread — half of all borrowers fall between the 25th and 75th percentiles. The percentiles below describe the cumulative federal debt distribution for borrowers at King.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $4,750 |
| 25th percentile | $9,500 |
| 75th percentile | $25,000 |
| 90th percentile (highest-debt students) | $32,000 |
Median debt varies by family income, by first-generation status, and by dependency status.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $16,750 |
| Middle income | $19,368 |
| High income | $16,983 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $18,500 |
| Continuing-generation students | $14,450 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $12,000 |
| Independent students | $22,761 |
The figure below distills the debt data into a single burden category for King.
Stafford loans are the federal government’s primary direct undergraduate lending program. These figures summarize annual Stafford program activity at King:
| Metric | Value |
|---|---|
| Stafford loan recipients | 10293 |
| Total Stafford loan amount | $251,645,811 |
The GI Bill and DoD Tuition Assistance are the main federal aid routes for veterans and service members.
GI Bill volume
| Metric | Value |
|---|---|
| GI Bill recipients | 27 |
| Total GI Bill amount | $310,910 |
| Average GI Bill amount per recipient | $11,515 |
DoD Tuition Assistance activity
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 0 |
| Total DoD amount | $0 |
References
More about our data sources and methodologies.