by our College Data Analytics TeamMost students are not billed 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 price tag of going to Neumann University can appear overwhelming, but bear in mind that many students obtain some kind of financial aid.
What financing options does Neumann offer you, and what will you qualify for? Keep scrolling for more information. Keep reading to learn 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. Read on to get a sense of the financial assistance available at Neumann University.
Colleges use loans, grants, scholarships and work-study to minimize what students actually pay out of pocket. 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 Neumann University, 100% of first-time, full-time freshmen received some form of financial aid roughly 369 students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 100% | $28,711 |
| Institutional grants & scholarships | 100% | $22,780 |
| Federal Pell grants | 57% | $6,026 |
| State/local grants | 42% | $5,202 |
| Federal student loans | 82% | $5,781 |
Because grants and scholarships do not have to be repaid, they are the most sought-after type of financial aid. Here, approximately 86% of undergraduates were awarded an average grant or scholarship of $24,188 (across roughly 1456 undergraduates).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 86% | $24,188 |
| Federal Pell grants | 43% | $5,432 |
| Federal student loans | 70% | $6,880 |
Among title-IV aid recipients living on campus, grant and scholarship aid averaged $29,376.
Need-based aid means lower-income families typically pay far less than the sticker price suggests.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $25,194 |
| $30,001 – $75,000 | $26,611 |
| Over $75,000 | $33,291 |
Each amount is the average cost remaining once grant aid is subtracted, by income band.
The net price strips out grant and scholarship aid from the sticker price to show roughly what families really pay.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $27,804 |
| Off-campus title-IV students | $28,714 |
For a personalized estimate based on your family’s financial situation, use Neumann’s net price calculator: www.neumann.edu/calculator.
The median federal debt load at Neumann comes to $19,630 in federal loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $19,630 |
| Median federal debt (graduates only) | $27,000 |
| Typical 10-year monthly payment (graduates) | $286.24/mo |
The 10-year payment estimate assumes a standard federal repayment plan and the median graduate debt amount.
The median alone does not show how widely outcomes vary across the student body. The figures below chart the debt distribution at Neumann.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $5,500 |
| 25th percentile | $11,084 |
| 75th percentile | $30,500 |
| 90th percentile (highest-debt students) | $40,000 |
Median debt varies by family income, by first-generation status, and by dependency status.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $19,510 |
| Middle income | $20,000 |
| High income | $19,500 |
First-Gen vs Continuing-Gen Median Debt
| Cohort | Median federal debt |
|---|---|
| First-generation students | $19,500 |
| Continuing-generation students | $20,250 |
Dependent vs Independent Students
| Cohort | Median federal debt |
|---|---|
| Dependent students | $19,500 |
| Independent students | $20,000 |
These indicators are derived from the underlying debt data and summarize the overall picture at Neumann.
Stafford loans make up the bulk of federal direct lending to undergraduates. The totals below capture Stafford lending at Neumann:
| Metric | Value |
|---|---|
| Stafford loan recipients | 11371 |
| Total Stafford loan amount | $271,997,539 |
Military-affiliated students can tap the Post-9/11 GI Bill and DoD Tuition Assistance.
GI Bill volume
| Metric | Value |
|---|---|
| GI Bill recipients | 18 |
| Total GI Bill amount | $232,568 |
| Average GI Bill amount per recipient | $12,920 |
DoD program volume
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 1 |
| Total DoD amount | $610 |
| Average DoD amount per recipient | $610 |
References
More about our data sources and methodologies.