by our College Data Analytics TeamThe majority of students are not billed the advertised price of a school. Instead, they will be provided a financial aid package that will include a combination of scholarships, grants, loans, and work-study. The total price of attendance at Pennsylvania State University-Penn State New Kensington can feel overwhelming, but bear in mind that many students receive some sort of financial aid.
Just what financial aid solutions can Penn State New Kensington provide, and just what are you going to be eligible for? Keep reading for answers. Keep scrolling 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. The figures below will help you estimate the aid you might receive from Pennsylvania State University-Penn State New Kensington.
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.
At Pennsylvania State University-Penn State New Kensington, 97% of first-year full-time students received aid of some kind approximately 120 freshmen).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 94% | $7,809 |
| Institutional grants & scholarships | 90% | $4,263 |
| Federal Pell grants | 37% | $5,652 |
| State/local grants | 23% | $4,642 |
| Federal student loans | 51% | $5,068 |
The best aid is gift aid: grants and scholarships that carry no repayment obligation. At Penn State New Kensington, roughly 82% of undergraduates were awarded grant or scholarship aid averaging $8,506 (across roughly 376 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 82% | $8,506 |
| Federal Pell grants | 32% | $5,404 |
| Federal student loans | 48% | $5,960 |
For students living on campus and receiving title-IV aid, grants averaged $8,558.
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 | $14,261 |
| $30,001 – $75,000 | $17,131 |
| Over $75,000 | $22,984 |
Each amount is the average cost remaining once grant aid is subtracted, by income band.
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 | $18,305 |
| Off-campus title-IV students | $19,522 |
To get a personalized net price estimate, try Penn State New Kensington’s online cost calculator: tuition.psu.edu/student-tuition-calculators.
A typical borrower at Penn State New Kensington leaves with $19,500 in federal student debt.
| 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 |
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. The four reference points below map the debt distribution at Penn State New Kensington.
| 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 |
The figures below break down median federal debt by income tier, first-generation status, and dependency.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $19,000 |
| Middle income | $20,000 |
| High income | $19,700 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $19,500 |
| Continuing-generation students | $19,500 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $19,500 |
| Independent students | $19,486 |
A handful of calculated indicators summarize the debt outlook at Penn State New Kensington.
Stafford loans are the federal government’s primary direct undergraduate lending program. The aggregate figures below show how active the program is at Penn State New Kensington:
| 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 recipients
| Metric | Value |
|---|---|
| GI Bill recipients | 15 |
| Total GI Bill amount | $162,436 |
| Average GI Bill amount per recipient | $10,829 |
DoD Tuition Assistance activity
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 0 |
| Total DoD amount | $0 |
References
More about our data sources and methodologies.