by our College Data Analytics TeamMany students will never be charged the complete price tag of a school. Rather, they are presented a financial aid deal that includes a mix of loans, grants, scholarships, and possibly work-study opportunities. The sum total of attendance at Miami University-Hamilton can sound overwhelming, but bear in mind that many students get some type of financial aid.
What financial assistance options will Miami University - Hamilton offer, and what will you qualify for? Read on for more information. Read on to discover what amount of financial assistance could be accessible to you.
Your financial aid package, which may contain grants and scholarships, will be determined on your financial need. Read on to get a sense of the financial assistance available at Miami University-Hamilton.
Aid such as grants, loans, work-study, and scholarships helps colleges decrease the real cost of attendance for most students. Keep in mind that certain forms of assistance are more beneficial than others, and aid amounts differ from student to student.
Looking at the entering class at Miami University-Hamilton, 82% of first-time, full-time freshmen received some form of financial aid roughly 354 first-years).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 58% | $5,166 |
| Institutional grants & scholarships | 29% | $2,106 |
| Federal Pell grants | 39% | $5,549 |
| State/local grants | 3% | $1,033 |
| Federal student loans | 36% | $5,050 |
The best aid is gift aid: grants and scholarships that carry no repayment obligation. At Miami University - Hamilton, roughly 42% of undergraduates were awarded grant or scholarship aid averaging $4,784 (covering around 991 awardees).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 42% | $4,784 |
| Federal Pell grants | 30% | $5,105 |
| Federal student loans | 32% | $6,155 |
Among title-IV aid recipients living on campus, grant and scholarship aid averaged $4,066.
Need-based aid means lower-income families typically pay far less than the sticker price suggests.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $10,377 |
| $30,001 – $75,000 | $12,311 |
| Over $75,000 | $15,772 |
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 | $11,286 |
| Off-campus title-IV students | $13,346 |
For an estimate tailored to your family circumstances, see Miami University - Hamilton’s official net price calculator: miamioh.edu/onestop/paying-for-college/costs/net-price-calculators/index.html.
The middle student in the debt distribution at Miami University - Hamilton owes $16,000 in federal student debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $16,000 |
| Median federal debt (graduates only) | $23,000 |
| Typical 10-year monthly payment (graduates) | $243.84/mo |
At a typical 10-year repayment schedule, the median graduate would pay about the monthly figure above.
The numbers below show the full range, not just the middle of the distribution. The four reference points below map the debt distribution at Miami University - Hamilton.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,500 |
| 25th percentile | $6,000 |
| 75th percentile | $27,000 |
| 90th percentile (highest-debt students) | $33,000 |
How much a student borrows depends heavily on family income, first-gen status, and dependency.
Debt by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $12,509 |
| Middle income | $15,597 |
| High income | $17,500 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $14,750 |
| Continuing-generation students | $18,000 |
Dependent vs Independent Students
| Cohort | Median federal debt |
|---|---|
| Dependent students | $16,032 |
| Independent students | $14,834 |
These indicators are derived from the underlying debt data and summarize the overall picture at Miami University - Hamilton.
The Stafford loan program is the largest source of federal direct loans to undergraduates. The annual Stafford volume below reflects program activity at Miami University - Hamilton:
| Metric | Value |
|---|---|
| Stafford loan recipients | 51055 |
| Total Stafford loan amount | $920,770,352 |
The GI Bill and DoD Tuition Assistance are the main federal aid routes for veterans and service members.
Post-9/11 GI Bill recipients
| Metric | Value |
|---|---|
| GI Bill recipients | 8 |
| Total GI Bill amount | $22,815 |
| Average GI Bill amount per recipient | $2,852 |
References
More about our data sources and methodologies.