by our College Data Analytics TeamA large number of students will not be asked to pay the advertised price of a school. Instead, they will be provided a financial aid package that will include a combination of scholarships, grants, loans, and work-study. The price tag of going to The King’s University can appear overwhelming, but bear in mind that many students obtain some kind of financial aid.
What financial assistance options will TKU offer you, and what will you qualify for? Read on for more information. Keep reading 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 information provided on this page can help you determine how much aid you may receive from The King’s University.
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.
For incoming first-year students at The King’s University, 36% of first-time, full-time freshmen received some form of financial aid around 5 freshmen).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 36% | $6,896 |
| Institutional grants & scholarships | 36% | $3,108 |
| Federal Pell grants | 7% | $3,698 |
| State/local grants | 0% | — |
| Federal student loans | 14% | $3,217 |
Because grants and scholarships do not have to be repaid, they are the most sought-after type of financial aid. At TKU, approximately 68% of undergraduates were awarded grant or scholarship aid averaging $5,388 (for some 186 recipients).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 68% | $5,388 |
| Federal Pell grants | 39% | $2,180 |
| Federal student loans | 48% | $3,909 |
On-campus students receiving title-IV aid were awarded grants averaging $3,935.
How much a family pays depends heavily on income, because most aid is awarded on the basis of financial need.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $24,128 |
| $30,001 – $75,000 | $24,128 |
| Over $75,000 | $23,628 |
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 | $14,140 |
| Off-campus title-IV students | $23,878 |
To get a personalized net price estimate, try TKU’s net price calculator: www.tku.edu/admissions/financial-aid/financial-aid-calculator/.
The middle student in the debt distribution at TKU owes $14,250 in federal student debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $14,250 |
| 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.
A single median figure conceals how much debt outcomes differ student to student. The figures below chart the debt distribution at TKU.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,250 |
| 25th percentile | $5,500 |
| 75th percentile | $27,391 |
| 90th percentile (highest-debt students) | $40,000 |
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 | $14,237 |
| Middle income | $19,500 |
| High income | $9,712 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $14,500 |
| Continuing-generation students | $12,205 |
Dependent vs Independent Students
| Cohort | Median federal debt |
|---|---|
| Dependent students | $10,354 |
| Independent students | $15,264 |
The figure below distills the debt data into a single burden category for TKU.
The Stafford program is the federal direct-loan vehicle most undergraduates use. Below is the annual Stafford program activity at TKU:
| Metric | Value |
|---|---|
| Stafford loan recipients | 1678 |
| Total Stafford loan amount | $53,890,698 |
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 | 19 |
| Total GI Bill amount | $117,267 |
| Average GI Bill amount per recipient | $6,172 |
References
More about our data sources and methodologies.