by our College Data Analytics TeamMany 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 sum total of attendance at Pace University can sound overpowering, but remember that the majority of students get some type of financial assistance.
Just what financing solutions does Pace University provide, and just what are you going to be eligible for? Keep scrolling for answers. Keep going to see just how much financial aid could be open to you.
The amount of financial aid and scholarships you are eligible for will vary depending on your family’s income. Continue reading to find information to help you understand just how much assistance you can expect to receive from Pace University.
Financial assistance, available as scholarships, loans, and work-study, is a way schools lower the price of attendance so many students can enroll. Bear in mind that not all aid is equal, and the amount any one student receives can vary widely.
At Pace University, 99% of new full-time first-years were awarded at least some aid (about 1915 freshmen).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 99% | $35,136 |
| Institutional grants & scholarships | 99% | $32,123 |
| Federal Pell grants | 34% | $5,963 |
| State/local grants | 16% | $4,121 |
| Federal student loans | 53% | $5,385 |
Because grants and scholarships do not have to be repaid, they are the most sought-after type of financial aid. At this school, approximately 91% of the undergraduate population received grant aid that averaged $31,312 (for some 7410 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 91% | $31,312 |
| Federal Pell grants | 27% | $5,778 |
| Federal student loans | 45% | $6,421 |
For on-campus title-IV students, average grant aid came to $38,658.
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 | $26,791 |
| $30,001 – $75,000 | $28,322 |
| Over $75,000 | $34,689 |
Each figure is the net price after grants and scholarships, not the published sticker price.
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 | $30,892 |
| Off-campus title-IV students | $31,046 |
To get a personalized net price estimate, try Pace University’s net price calculator: www.pace.edu/admission-aid/undergraduate-admission/freshman/net-price-calculator.
Graduating students at Pace University carry a median federal student debt of $17,750 of federal student loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $17,750 |
| Median federal debt (graduates only) | $23,250 |
| Typical 10-year monthly payment (graduates) | $246.49/mo |
That monthly figure reflects the median graduate debt repaid on a standard 10-year federal schedule.
Percentiles reveal the spread — half of all borrowers fall between the 25th and 75th percentiles. Use the percentiles below to see the debt range at Pace University.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $5,250 |
| 25th percentile | $8,250 |
| 75th percentile | $27,421 |
| 90th percentile (highest-debt students) | $36,000 |
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 | $18,000 |
| Middle income | $18,500 |
| High income | $16,500 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $18,500 |
| Continuing-generation students | $15,750 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $17,500 |
| Independent students | $18,750 |
Federal data publishes pre-calculated indicators that summarize debt outcomes. Pace University.
Stafford loans make up the bulk of federal direct lending to undergraduates. The aggregate figures below show how active the program is at Pace University:
| Metric | Value |
|---|---|
| Stafford loan recipients | 43256 |
| Total Stafford loan amount | $1,130,427,532 |
GI Bill and DoD Tuition Assistance are the two federal aid programs targeted at military-affiliated students.
Post-9/11 GI Bill activity
| Metric | Value |
|---|---|
| GI Bill recipients | 214 |
| Total GI Bill amount | $5,951,169 |
| Average GI Bill amount per recipient | $27,809 |
DoD program volume
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 3 |
| Total DoD amount | $10,250 |
| Average DoD amount per recipient | $3,417 |
References
More about our data sources and methodologies.