by our College Data Analytics TeamA large number of students will not be asked to pay 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 Newberry College can sound tremendous, but do not forget that almost all students get some type of financial help.
What financial aid options can Newberry College offer, and what will you qualify for? Keep reading for more information. Keep scrolling to see what amount of financial assistance could be accessible to you.
How much aid you qualify for depends largely on your family’s financial circumstances. Use the information below to understand how much financial assistance you may get from Newberry College.
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. 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 Newberry College, 97% of the incoming full-time class was awarded financial aid around 457 incoming students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 97% | $24,461 |
| Institutional grants & scholarships | 71% | $22,002 |
| Federal Pell grants | 51% | $6,128 |
| State/local grants | 97% | $5,108 |
| Federal student loans | 74% | $5,779 |
The best aid is gift aid: grants and scholarships that carry no repayment obligation. Here, about 99% of undergraduate students received gift aid averaging $24,360 (across approximately 1442 undergraduates).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 99% | $24,360 |
| Federal Pell grants | 49% | $5,831 |
| Federal student loans | 73% | $6,383 |
Title-IV recipients living on campus saw average grant aid of $24,786.
Need-based aid means lower-income families typically pay far less than the sticker price suggests.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $18,729 |
| $30,001 – $75,000 | $20,495 |
| Over $75,000 | $21,559 |
Each figure is the net price after grants and scholarships, not the published sticker price.
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 | $21,656 |
| Off-campus title-IV students | $20,351 |
To project your own net price, use Newberry College’s official net price calculator: www.newberry.edu/admission/financial-aid/net-price-calculator.
The median federal debt load at Newberry College comes to $15,750 of federal borrowing.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $15,750 |
| Median federal debt (graduates only) | $26,805 |
| Typical 10-year monthly payment (graduates) | $284.18/mo |
That monthly figure reflects the median graduate debt repaid on a standard 10-year federal schedule.
Looking only at the median can be misleading because it hides the spread. Use the percentiles below to see the debt range at Newberry College.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $4,000 |
| 25th percentile | $5,500 |
| 75th percentile | $28,250 |
| 90th percentile (highest-debt students) | $39,466 |
How much a student borrows depends heavily on family income, first-gen status, and dependency.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $15,750 |
| Middle income | $14,000 |
| High income | $17,617 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $15,871 |
| Continuing-generation students | $15,650 |
Dependent vs Independent Students
| Cohort | Median federal debt |
|---|---|
| Dependent students | $16,000 |
| Independent students | $15,259 |
A handful of calculated indicators summarize the debt outlook at Newberry College.
The Stafford program is the federal direct-loan vehicle most undergraduates use. The totals below capture Stafford lending at Newberry College:
| Metric | Value |
|---|---|
| Stafford loan recipients | 5647 |
| Total Stafford loan amount | $106,547,687 |
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 | 18 |
| Total GI Bill amount | $380,329 |
| Average GI Bill amount per recipient | $21,129 |
References
More about our data sources and methodologies.