by our College Data Analytics TeamMany 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 price tag of going to Pennsylvania State University-Penn State Mont Alto can appear tremendous, but do not forget that almost all students obtain some kind of financial help.
What financial aid options can Penn State Mont Alto offer, and what will you qualify for? Keep reading for more information. Keep scrolling to discover just how much financial aid could be open to you.
Eligibility for aid and scholarships is driven mostly by your household’s income and need. The information provided on this page can help you determine how much aid you may receive from Pennsylvania State University-Penn State Mont Alto.
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. Some kinds of aid are clearly preferable to others, and outcomes differ across students.
Among first-time, full-time freshmen at Pennsylvania State University-Penn State Mont Alto, 92% of first-time, full-time freshmen received some form of financial aid around 121 new students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 84% | $10,106 |
| Institutional grants & scholarships | 84% | $7,015 |
| Federal Pell grants | 29% | $5,217 |
| State/local grants | 26% | $3,965 |
| Federal student loans | 53% | $5,124 |
Grants and scholarships are the most valuable form of aid because, unlike loans, they never have to be repaid. Here, about 81% of undergrads got grants or scholarships worth on average $9,557 (across approximately 477 undergraduates).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 81% | $9,557 |
| Federal Pell grants | 27% | $5,327 |
| Federal student loans | 51% | $6,357 |
For on-campus title-IV students, average grant aid came to $9,387.
The figures below show the average net price — cost after all grant and scholarship aid — broken out by family income.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $12,308 |
| $30,001 – $75,000 | $15,792 |
| Over $75,000 | $25,042 |
Remember these are net prices — what families pay after gift aid, not before.
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 | $19,454 |
| Off-campus title-IV students | $19,993 |
For a customized cost estimate, visit Penn State Mont Alto’s NPC: tuition.psu.edu/student-tuition-calculators.
A typical borrower at Penn State Mont Alto leaves with $19,500 of federal student 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.
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 Penn State Mont Alto.
| 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 |
Outcomes differ by income bracket, by first-generation status, and by whether a student is financially dependent.
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 |
Dependent vs Independent Students
| Cohort | Median federal debt |
|---|---|
| Dependent students | $19,500 |
| Independent students | $19,486 |
A handful of calculated indicators summarize the debt outlook at Penn State Mont Alto.
Stafford loans make up the bulk of federal direct lending to undergraduates. Below is the annual Stafford program activity at Penn State Mont Alto:
| Metric | Value |
|---|---|
| Stafford loan recipients | 238368 |
| Total Stafford loan amount | $4,885,479,531 |
If you are a veteran or active-duty service member, the GI Bill and DoD Tuition Assistance are the primary federal programs you can use at this school.
Post-9/11 GI Bill activity
| Metric | Value |
|---|---|
| GI Bill recipients | 25 |
| Total GI Bill amount | $313,494 |
| Average GI Bill amount per recipient | $12,540 |
Active-duty Tuition Assistance recipients
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 0 |
| Total DoD amount | $0 |
References
More about our data sources and methodologies.