by our College Data Analytics TeamThe majority of students will never be charged the full, advertised sticker price of a school. Instead, they will be given a financial aid offer that will include a combination of scholarships, grants, loans, and work-study. The sum total of attendance at Pennsylvania State University-Penn State Abington can sound overwhelming, but bear in mind that many students get some type of financial aid.
What financing options does Penn State Abington offer, and what will you qualify for? Keep scrolling for more information. Read on to find out how much school funding will be available 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 Pennsylvania State University-Penn State Abington.
Colleges use loans, grants, scholarships and work-study to minimize what students actually pay out of pocket. Bear in mind that not all aid is equal, and the amount any one student receives can vary widely.
For freshmen starting at Pennsylvania State University-Penn State Abington, 85% of the incoming full-time class was awarded financial aid some 771 new students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 80% | $9,883 |
| Institutional grants & scholarships | 76% | $5,076 |
| Federal Pell grants | 42% | $6,030 |
| State/local grants | 30% | $4,950 |
| Federal student loans | 44% | $5,111 |
Because grants and scholarships do not have to be repaid, they are the most sought-after type of financial aid. At Penn State Abington, some 71% of the undergraduate population received grant aid that averaged $10,128 (across approximately 2189 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 71% | $10,128 |
| Federal Pell grants | 39% | $5,757 |
| Federal student loans | 46% | $6,127 |
For students living on campus and receiving title-IV aid, grants averaged $10,724.
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 | $12,694 |
| $30,001 – $75,000 | $14,552 |
| Over $75,000 | $25,483 |
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 | $18,071 |
| Off-campus title-IV students | $17,818 |
For a customized cost estimate, visit Penn State Abington’s online cost calculator: tuition.psu.edu/student-tuition-calculators.
The middle student in the debt distribution at Penn State Abington owes $19,500 in federal loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $19,500 |
| Median federal debt (graduates only) | $25,000 |
| Typical 10-year monthly payment (graduates) | $265.04/mo |
Spreading the median graduate debt over a standard 10-year repayment schedule works out to roughly the monthly payment shown above.
A single median figure conceals how much debt outcomes differ student to student. Use the percentiles below to see the debt range at Penn State Abington.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $4,750 |
| 25th percentile | $8,750 |
| 75th percentile | $27,000 |
| 90th percentile (highest-debt students) | $34,000 |
Median debt varies by family income, by first-generation status, and by dependency status.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $19,000 |
| Middle income | $20,000 |
| High income | $19,700 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $19,500 |
| Continuing-generation students | $19,500 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $19,500 |
| Independent students | $19,486 |
These indicators are derived from the underlying debt data and summarize the overall picture at Penn State Abington.
The Stafford program is the federal direct-loan vehicle most undergraduates use. The annual Stafford volume below reflects program activity at Penn State Abington:
| Metric | Value |
|---|---|
| Stafford loan recipients | 238368 |
| Total Stafford loan amount | $4,885,479,531 |
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 | 53 |
| Total GI Bill amount | $757,085 |
| Average GI Bill amount per recipient | $14,285 |
DoD program volume
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 8 |
| Total DoD amount | $33,238 |
| Average DoD amount per recipient | $4,155 |
References
More about our data sources and methodologies.