by our College Data Analytics TeamMany students are not billed 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 Madonna University can seem overpowering, but remember that the majority of students are given some form of financial assistance.
What financial aid options can Madonna offer you, and what will you qualify for? Keep reading for more information. Scroll down to learn what amount of financial assistance will be accessible to you.
How much aid you qualify for depends largely on your family’s financial circumstances. Use the information below to understand how much financial assistance you may get from Madonna University.
Financial assistance, available as scholarships, loans, and work-study, is a way schools lower the price of attendance so many students can enroll. Note that some aid is more valuable than the rest, and individual awards are far from uniform.
At Madonna University, 98% of the incoming full-time class was awarded financial aid (about 256 first-years).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 98% | $22,471 |
| Institutional grants & scholarships | 98% | $16,764 |
| Federal Pell grants | 38% | $5,290 |
| State/local grants | 58% | $5,912 |
| Federal student loans | 64% | $5,011 |
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 Madonna, approximately 76% of undergraduates were awarded grant or scholarship aid averaging $16,388 (covering around 1327 recipients).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 76% | $16,388 |
| Federal Pell grants | 30% | $5,089 |
| Federal student loans | 55% | $6,946 |
On-campus students receiving title-IV aid were awarded grants averaging $23,283.
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 | $11,507 |
| $30,001 – $75,000 | $16,117 |
| Over $75,000 | $21,278 |
The numbers above are post-aid net prices, so they already account for grants and scholarships.
After grants and scholarships come off the published price, what remains is the net price — the best estimate of true out-of-pocket cost.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $17,755 |
| Off-campus title-IV students | $17,815 |
To project your own net price, use Madonna’s online cost calculator: ww4.madonna.edu/NetPriceCalc_20/index.html.
The median federal debt load at Madonna comes to $19,000 of federal student loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $19,000 |
| Median federal debt (graduates only) | $23,000 |
| Typical 10-year monthly payment (graduates) | $243.84/mo |
The 10-year payment estimate assumes a standard federal repayment plan and the median graduate debt amount.
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 Madonna.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $5,250 |
| 25th percentile | $10,500 |
| 75th percentile | $33,250 |
| 90th percentile (highest-debt students) | $45,540 |
The figures below break down median federal debt by income tier, first-generation status, and dependency.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $20,396 |
| Middle income | $19,919 |
| High income | $16,500 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $19,250 |
| Continuing-generation students | $18,750 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $17,000 |
| Independent students | $22,991 |
A handful of calculated indicators summarize the debt outlook at Madonna.
The Stafford loan program is the largest source of federal direct loans to undergraduates. The annual Stafford volume below reflects program activity at Madonna:
| Metric | Value |
|---|---|
| Stafford loan recipients | 12052 |
| Total Stafford loan amount | $354,639,530 |
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 | 19 |
| Total GI Bill amount | $312,394 |
| Average GI Bill amount per recipient | $16,442 |
References
More about our data sources and methodologies.