by our College Data Analytics TeamMost 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 price of attendance at Mid-America Christian University can feel overpowering, but remember that the majority of students receive some sort of financial assistance.
What financial assistance options will MACU offer you, and what will you qualify for? Read on for more information. Keep scrolling to see 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. Continue reading to find information to help you understand just how much assistance you can expect to receive from Mid-America Christian 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 Mid-America Christian University, 95% of first-year full-time students received aid of some kind roughly 147 first-years).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 95% | $13,695 |
| Institutional grants & scholarships | 73% | $10,815 |
| Federal Pell grants | 59% | $5,831 |
| State/local grants | 27% | $5,313 |
| Federal student loans | 45% | $6,734 |
The best aid is gift aid: grants and scholarships that carry no repayment obligation. At MACU, some 77% of undergraduate students received gift aid averaging $9,819 (among about 1266 awardees).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 77% | $9,819 |
| Federal Pell grants | 53% | $5,055 |
| Federal student loans | 58% | $8,450 |
On-campus students receiving title-IV aid were awarded grants averaging $14,621.
Need-based aid means lower-income families typically pay far less than the sticker price suggests.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $16,725 |
| $30,001 – $75,000 | $14,177 |
| Over $75,000 | $20,355 |
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 | $16,692 |
| Off-campus title-IV students | $17,123 |
For a customized cost estimate, visit MACU’s net price tool: www.macu.edu/netpricecalculator/.
Graduating students at MACU carry a median federal student debt of $15,444 of federal borrowing.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $15,444 |
| Median federal debt (graduates only) | $26,394 |
| Typical 10-year monthly payment (graduates) | $279.82/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. The figures below chart the debt distribution at MACU.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,375 |
| 25th percentile | $4,750 |
| 75th percentile | $26,500 |
| 90th percentile (highest-debt students) | $38,114 |
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 | $14,990 |
| Middle income | $16,120 |
| High income | $13,370 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $15,750 |
| Continuing-generation students | $12,750 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $9,500 |
| Independent students | $18,655 |
A handful of calculated indicators summarize the debt outlook at MACU.
The Stafford program is the federal direct-loan vehicle most undergraduates use. Below is the annual Stafford program activity at MACU:
| Metric | Value |
|---|---|
| Stafford loan recipients | 10752 |
| Total Stafford loan amount | $277,314,763 |
Veterans and active-duty service members may qualify for the Post-9/11 GI Bill or DoD Tuition Assistance.
Post-9/11 GI Bill activity
| Metric | Value |
|---|---|
| GI Bill recipients | 136 |
| Total GI Bill amount | $926,087 |
| Average GI Bill amount per recipient | $6,809 |
DoD program volume
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 12 |
| Total DoD amount | $36,000 |
| Average DoD amount per recipient | $3,000 |
References
More about our data sources and methodologies.