by our College Data Analytics TeamA large number of students will never be charged 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 total price of attendance at Newman University can feel tremendous, but do not forget that almost all students receive some sort of financial help.
What financial assistance options will Newman University offer you, and what will you qualify for? Read on for more information. Read on to discover what amount of financial assistance could be accessible to you.
How much aid you qualify for depends largely on your family’s financial circumstances. Read on to get a sense of the financial assistance available at Newman University.
Aid such as grants, loans, work-study, and scholarships helps colleges decrease the real cost of attendance for most students. Bear in mind that not all aid is equal, and the amount any one student receives can vary widely.
Looking at the entering class at Newman University, 97% of the incoming full-time class was awarded financial aid around 166 students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 97% | $25,650 |
| Institutional grants & scholarships | 95% | $22,391 |
| Federal Pell grants | 31% | $5,369 |
| State/local grants | 41% | $4,086 |
| Federal student loans | 38% | $5,567 |
Gift aid — grants and scholarships — beats loans every time because none of it has to be repaid. At Newman University, some 33% of undergrads got grants or scholarships worth on average $24,979 (across approximately 787 awardees).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 33% | $24,979 |
| Federal Pell grants | 12% | $5,704 |
| Federal student loans | 17% | $7,245 |
On-campus students receiving title-IV aid were awarded grants averaging $26,518.
Because need-based aid scales with family income, what students actually pay differs sharply across income brackets.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $17,097 |
| $30,001 – $75,000 | $16,194 |
| Over $75,000 | $20,722 |
Each amount is the average cost remaining once grant aid is subtracted, by income band.
Net price is the cost remaining after grant and scholarship aid is subtracted from the sticker price, and it is the most useful single number for estimating real cost.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $19,971 |
| Off-campus title-IV students | $19,045 |
To get a personalized net price estimate, try Newman University’s official net price calculator: newmanu.edu/admissions/financial-aid/net-price-calculator.
The median student at Newman University graduates with $15,240 of federal student loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $15,240 |
| Median federal debt (graduates only) | $20,801 |
| Typical 10-year monthly payment (graduates) | $220.53/mo |
Under a standard ten-year plan, the median graduate’s monthly payment lands near the figure above.
Percentiles reveal the spread — half of all borrowers fall between the 25th and 75th percentiles. The four reference points below map the debt distribution at Newman University.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $4,166 |
| 25th percentile | $7,000 |
| 75th percentile | $25,000 |
| 90th percentile (highest-debt students) | $33,172 |
The figures below break down median federal debt by income tier, first-generation status, and dependency.
Debt by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $17,365 |
| Middle income | $15,625 |
| High income | $14,039 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $15,750 |
| Continuing-generation students | $15,000 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $13,000 |
| Independent students | $21,000 |
Federal data publishes pre-calculated indicators that summarize debt outcomes. Newman University.
The Stafford loan program is the largest source of federal direct loans to undergraduates. The annual Stafford volume below reflects program activity at Newman University:
| Metric | Value |
|---|---|
| Stafford loan recipients | 7665 |
| Total Stafford loan amount | $181,018,365 |
The GI Bill and DoD Tuition Assistance are the main federal aid routes for veterans and service members.
GI Bill volume
| Metric | Value |
|---|---|
| GI Bill recipients | 18 |
| Total GI Bill amount | $320,370 |
| Average GI Bill amount per recipient | $17,798 |
DoD Tuition Assistance activity
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 3 |
| Total DoD amount | $8,650 |
| Average DoD amount per recipient | $2,883 |
References
More about our data sources and methodologies.