by our College Data Analytics TeamThe majority of students will not be asked to pay the full sticker price of a school. Rather, they are offered a financial aid plan that includes a mix of loans, grants, scholarships, and possibly work-study opportunities. The total cost of going to Midway University can seem tremendous, but do not forget that almost all students are given some form of financial help.
What financial assistance options will Midway offer you, and what will you qualify for? Read on for more information. Scroll down to learn what amount of financial assistance will 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 Midway University.
Financial assistance, available as scholarships, loans, and work-study, is a way schools lower the price of attendance so many students can enroll. Keep in mind that certain forms of assistance are more beneficial than others, and aid amounts differ from student to student.
For incoming first-year students at Midway University, 100% of new full-time first-years were awarded at least some aid around 260 first-years).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 99% | $18,259 |
| Institutional grants & scholarships | 95% | $12,047 |
| Federal Pell grants | 44% | $5,831 |
| State/local grants | 59% | $6,455 |
| Federal student loans | 65% | $5,402 |
Gift aid — grants and scholarships — beats loans every time because none of it has to be repaid. At this school, approximately 92% of undergraduate students received gift aid averaging $12,085 (across roughly 1551 awardees).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 92% | $12,085 |
| Federal Pell grants | 32% | $5,527 |
| Federal student loans | 44% | $6,699 |
On-campus students receiving title-IV aid were awarded grants averaging $19,226.
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 | $21,554 |
| $30,001 – $75,000 | $20,701 |
| Over $75,000 | $27,027 |
Each amount is the average cost remaining once grant aid is subtracted, by income band.
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 | $29,579 |
| Off-campus title-IV students | $23,863 |
For a customized cost estimate, visit Midway’s online cost calculator: www.midway.edu/admissions-aid/cost-aid/net-price-calculator/.
The median federal debt load at Midway comes to $12,470 of cumulative federal debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $12,470 |
| Median federal debt (graduates only) | $21,301 |
| Typical 10-year monthly payment (graduates) | $225.83/mo |
The 10-year payment estimate assumes a standard federal repayment plan and the median graduate debt amount.
A single median figure conceals how much debt outcomes differ student to student. The figures below chart the debt distribution at Midway.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,125 |
| 25th percentile | $6,452 |
| 75th percentile | $25,000 |
| 90th percentile (highest-debt students) | $35,080 |
The figures below break down median federal debt by income tier, first-generation status, and dependency.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $14,318 |
| Middle income | $12,000 |
| High income | $11,000 |
First-Gen vs Continuing-Gen Median Debt
| Cohort | Median federal debt |
|---|---|
| First-generation students | $13,000 |
| Continuing-generation students | $11,869 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $10,538 |
| Independent students | $16,000 |
These indicators are derived from the underlying debt data and summarize the overall picture at Midway.
Stafford loans make up the bulk of federal direct lending to undergraduates. The totals below capture Stafford lending at Midway:
| Metric | Value |
|---|---|
| Stafford loan recipients | 7488 |
| Total Stafford loan amount | $139,914,747 |
If you are a veteran or active-duty service member, the GI Bill and DoD Tuition Assistance are the primary federal programs you can use at this school.
Post-9/11 GI Bill recipients
| Metric | Value |
|---|---|
| GI Bill recipients | 25 |
| Total GI Bill amount | $350,057 |
| Average GI Bill amount per recipient | $14,002 |
DoD program volume
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 1 |
| Total DoD amount | $1,500 |
| Average DoD amount per recipient | $1,500 |
References
More about our data sources and methodologies.