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 total cost of going to Methodist College can seem tremendous, but do not forget that almost all students are given some form of financial help.
Just what financial assistance solutions will Methodist College provide, and just what are you going to be eligible for? Read on for answers. Keep reading to find out what amount of financial assistance will be accessible to you.
The amount of financial aid and scholarships you are eligible for will vary depending on your family’s income. Use the information below to understand how much financial assistance you may get from Methodist College.
Colleges use loans, grants, scholarships and work-study to minimize what students actually pay out of pocket. Some kinds of aid are clearly preferable to others, and outcomes differ across students.
For freshmen starting at Methodist College, 100% of new full-time first-years were awarded at least some aid approximately 1 freshmen).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 100% | $5,087 |
| Institutional grants & scholarships | 0% | — |
| Federal Pell grants | 100% | $1,984 |
| State/local grants | 100% | $3,103 |
| Federal student loans | 100% | $5,500 |
Grants and scholarships are the most valuable form of aid because, unlike loans, they never have to be repaid. Here, around 69% of undergrads got grants or scholarships worth on average $10,726 (across approximately 258 recipients).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 69% | $10,726 |
| Federal Pell grants | 51% | $4,558 |
| Federal student loans | 82% | $10,433 |
For students living on campus and receiving title-IV aid, grants averaged $5,087.
Since aid is largely need-based, the real cost of attendance falls steeply for lower-income families.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $14,867 |
Remember these are net prices — what families pay after gift aid, not before.
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 | $41,787 |
| Off-campus title-IV students | $14,867 |
For an estimate tailored to your family circumstances, see Methodist College’s net price calculator: www.methodistcol.edu/net-price-calculator.aspx.
Graduating students at Methodist College carry a median federal student debt of $27,000 of federal student loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $27,000 |
| Median federal debt (graduates only) | $31,250 |
| Typical 10-year monthly payment (graduates) | $331.3/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. These percentiles trace how cumulative federal debt is spread among borrowers at Methodist College.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $6,000 |
| 25th percentile | $14,750 |
| 75th percentile | $40,255 |
| 90th percentile (highest-debt students) | $47,000 |
Median debt varies by family income, by first-generation status, and by dependency status.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $29,000 |
| Middle income | $27,325 |
| High income | $24,257 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $26,250 |
| Continuing-generation students | $28,875 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $24,000 |
| Independent students | $30,931 |
The figure below distills the debt data into a single burden category for Methodist College.
Stafford loans are the federal government’s primary direct undergraduate lending program. The annual Stafford volume below reflects program activity at Methodist College:
| Metric | Value |
|---|---|
| Stafford loan recipients | 2604 |
| Total Stafford loan amount | $65,334,933 |
Military-affiliated students can tap the Post-9/11 GI Bill and DoD Tuition Assistance.
GI Bill volume
| Metric | Value |
|---|---|
| GI Bill recipients | 3 |
| Total GI Bill amount | $54,460 |
| Average GI Bill amount per recipient | $18,153 |
DoD program volume
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 0 |
| Total DoD amount | $0 |
References
More about our data sources and methodologies.