by our College Data Analytics TeamMost 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 sum total of attendance at Mayville State University can sound overpowering, but remember that the majority of students get some type of financial assistance.
Just what financing solutions does Mayville State University provide, and just what are you going to be eligible for? Keep scrolling for answers. Read on to see just how much financial aid could be open to you.
The amount of financial aid you can receive varies from person to person and will depend on your family’s economic situation. Read on to get a sense of the financial assistance available at Mayville State 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.
Looking at the entering class at Mayville State University, 98% of entering full-time freshmen got some type of financial assistance approximately 88 incoming students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 97% | $7,649 |
| Institutional grants & scholarships | 92% | $3,944 |
| Federal Pell grants | 39% | $5,312 |
| State/local grants | 49% | $3,001 |
| Federal student loans | 59% | $5,338 |
Unlike loans, grants and scholarships are gift aid that does not need to be paid back, making them the most desirable form of assistance. Across the undergraduate body at Mayville State University, some 59% of undergraduate students received gift aid averaging $6,420 (across roughly 581 undergraduates).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 59% | $6,420 |
| Federal Pell grants | 27% | $4,663 |
| Federal student loans | 39% | $6,339 |
Among title-IV aid recipients living on campus, grant and scholarship aid averaged $9,201.
Because need-based aid scales with family income, what students actually pay differs sharply across income brackets.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $10,453 |
| $30,001 – $75,000 | $14,182 |
| Over $75,000 | $16,444 |
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 | $11,456 |
| Off-campus title-IV students | $14,454 |
To project your own net price, use Mayville State University’s NPC: www.mayvillestate.edu/paying-school/cost-calculator.
The middle student in the debt distribution at Mayville State University owes $12,268 of cumulative federal debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $12,268 |
| Median federal debt (graduates only) | $18,585 |
| Typical 10-year monthly payment (graduates) | $197.03/mo |
At a typical 10-year repayment schedule, the median graduate would pay about the monthly figure above.
Percentiles reveal the spread — half of all borrowers fall between the 25th and 75th percentiles. The four reference points below map the debt distribution at Mayville State University.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,360 |
| 25th percentile | $5,500 |
| 75th percentile | $19,203 |
| 90th percentile (highest-debt students) | $29,700 |
The figures below break down median federal debt by income tier, first-generation status, and dependency.
Debt by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $10,154 |
| Middle income | $13,000 |
| High income | $12,529 |
First-Gen vs Continuing-Gen Median Debt
| Cohort | Median federal debt |
|---|---|
| First-generation students | $12,500 |
| Continuing-generation students | $11,458 |
Dependent vs Independent Students
| Cohort | Median federal debt |
|---|---|
| Dependent students | $12,000 |
| Independent students | $12,500 |
The figure below distills the debt data into a single burden category for Mayville State University.
Stafford loans are the federal government’s primary direct undergraduate lending program. Below is the annual Stafford program activity at Mayville State University:
| Metric | Value |
|---|---|
| Stafford loan recipients | 3891 |
| Total Stafford loan amount | $55,992,476 |
Military-affiliated students can tap the Post-9/11 GI Bill and DoD Tuition Assistance.
Post-9/11 GI Bill recipients
| Metric | Value |
|---|---|
| GI Bill recipients | 14 |
| Total GI Bill amount | $67,106 |
| Average GI Bill amount per recipient | $4,793 |
DoD Tuition Assistance activity
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 0 |
| Total DoD amount | $0 |
References
More about our data sources and methodologies.