by our College Data Analytics TeamMany students are not billed 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 Muskingum University can sound overwhelming, but bear in mind that many students get some type of financial aid.
Just what financial assistance solutions will Muskingum provide, and just what are you going to be eligible for? Read on for answers. Keep scrolling to learn how much school funding will be available to you.
Eligibility for aid and scholarships is driven mostly by your household’s income and need. Read on to get a sense of the financial assistance available at Muskingum 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. Some kinds of aid are clearly preferable to others, and outcomes differ across students.
For incoming first-year students at Muskingum University, 100% of entering full-time freshmen got some type of financial assistance approximately 373 new students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 100% | $24,955 |
| Institutional grants & scholarships | 100% | $20,269 |
| Federal Pell grants | 46% | $6,014 |
| State/local grants | 34% | $4,944 |
| Federal student loans | 98% | $5,961 |
The best aid is gift aid: grants and scholarships that carry no repayment obligation. Across the undergraduate body at Muskingum, some 86% of undergrads got grants or scholarships worth on average $23,180 (for some 1317 awardees).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 86% | $23,180 |
| Federal Pell grants | 39% | $5,553 |
| Federal student loans | 81% | $7,083 |
For students living on campus and receiving title-IV aid, grants averaged $25,126.
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 | $16,375 |
| $30,001 – $75,000 | $18,184 |
| Over $75,000 | $22,860 |
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 | $19,532 |
| Off-campus title-IV students | $20,204 |
For a personalized estimate based on your family’s financial situation, use Muskingum’s NPC: www.muskingum.edu/financial-aid/cost-calculator.
The middle student in the debt distribution at Muskingum owes $16,750 in federal loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $16,750 |
| Median federal debt (graduates only) | $25,369 |
| Typical 10-year monthly payment (graduates) | $268.95/mo |
Spreading the median graduate debt over a standard 10-year repayment schedule works out to roughly the monthly payment shown above.
Percentiles reveal the spread — half of all borrowers fall between the 25th and 75th percentiles. The figures below chart the debt distribution at Muskingum.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $4,750 |
| 25th percentile | $7,500 |
| 75th percentile | $27,000 |
| 90th percentile (highest-debt students) | $36,300 |
Median debt varies by family income, by first-generation status, and by dependency status.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $15,750 |
| Middle income | $16,500 |
| High income | $17,115 |
First-Gen vs Continuing-Gen Median Debt
| Cohort | Median federal debt |
|---|---|
| First-generation students | $16,750 |
| Continuing-generation students | $15,500 |
Dependent vs Independent Students
| Cohort | Median federal debt |
|---|---|
| Dependent students | $18,500 |
| Independent students | $12,500 |
These indicators are derived from the underlying debt data and summarize the overall picture at Muskingum.
The Stafford loan program is the largest source of federal direct loans to undergraduates. Below is the annual Stafford program activity at Muskingum:
| Metric | Value |
|---|---|
| Stafford loan recipients | 8725 |
| Total Stafford loan amount | $173,544,734 |
Military-affiliated students can tap the Post-9/11 GI Bill and DoD Tuition Assistance.
Post-9/11 GI Bill activity
| Metric | Value |
|---|---|
| GI Bill recipients | 24 |
| Total GI Bill amount | $400,687 |
| Average GI Bill amount per recipient | $16,695 |
References
More about our data sources and methodologies.