by our College Data Analytics TeamA lot 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 McKendree University can appear overpowering, but remember that the majority of students obtain some kind of financial assistance.
Just what financial assistance solutions will McKendree deliver, and just what are you going to be eligible for? Read on for answers. Keep going to find out what amount of financial assistance will be accessible to you.
Eligibility for aid and scholarships is driven mostly by your household’s income and need. The information provided on this page can help you determine how much aid you may receive from McKendree University.
Financial aid, in the form of loans, grants, work-study, and scholarships, is one way colleges reduce the cost of attendance so most students can actually afford to attend. However, some types of aid are more desirable than others, and some students will receive more than others.
Looking at the entering class at McKendree University, 97% of the incoming full-time class was awarded financial aid approximately 420 freshmen).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 94% | $26,102 |
| Institutional grants & scholarships | 93% | $21,748 |
| Federal Pell grants | 35% | $5,746 |
| State/local grants | 29% | $7,363 |
| Federal student loans | 51% | $5,145 |
Gift aid — grants and scholarships — beats loans every time because none of it has to be repaid. Across the undergraduate body at McKendree, roughly 95% of undergraduate students received gift aid averaging $22,834 (covering around 1516 recipients).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 95% | $22,834 |
| Federal Pell grants | 34% | $5,438 |
| Federal student loans | 42% | $6,084 |
Title-IV recipients living on campus saw average grant aid of $24,128.
Need-based aid means lower-income families typically pay far less than the sticker price suggests.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $22,519 |
| $30,001 – $75,000 | $21,226 |
| Over $75,000 | $26,936 |
These figures reflect what title-IV aid recipients pay after grant and scholarship aid is applied.
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 | $24,717 |
| Off-campus title-IV students | $24,190 |
To get a personalized net price estimate, try McKendree’s official net price calculator: mckendree.studentaidcalculator.com/survey.aspx.
The median student at McKendree graduates with $16,240 in federal loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $16,240 |
| Median federal debt (graduates only) | $23,250 |
| Typical 10-year monthly payment (graduates) | $246.49/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. The percentiles below describe the cumulative federal debt distribution for borrowers at McKendree.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $4,000 |
| 25th percentile | $7,500 |
| 75th percentile | $26,500 |
| 90th percentile (highest-debt students) | $34,177 |
Outcomes differ by income bracket, by first-generation status, and by whether a student is financially dependent.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $15,813 |
| Middle income | $14,522 |
| High income | $18,500 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $16,725 |
| Continuing-generation students | $15,400 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $16,363 |
| Independent students | $16,215 |
A handful of calculated indicators summarize the debt outlook at McKendree.
The Stafford program is the federal direct-loan vehicle most undergraduates use. These figures summarize annual Stafford program activity at McKendree:
| Metric | Value |
|---|---|
| Stafford loan recipients | 9275 |
| Total Stafford loan amount | $192,331,147 |
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 | 73 |
| Total GI Bill amount | $732,448 |
| Average GI Bill amount per recipient | $10,034 |
DoD program volume
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 38 |
| Total DoD amount | $130,786 |
| Average DoD amount per recipient | $3,442 |
References
More about our data sources and methodologies.