by our College Data Analytics TeamMost students will not be asked to pay 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 total cost of going to Peru State College can seem overpowering, but remember that the majority of students are given some form of financial assistance.
What financial aid options can Peru State offer you, and what will you qualify for? Keep reading for more information. Keep going to see just how much financial aid could be open to you.
Your financial aid package, which may contain grants and scholarships, will be determined on your financial need. Continue reading to find information to help you understand just how much assistance you can expect to receive from Peru State College.
Aid such as grants, loans, work-study, and scholarships helps colleges decrease the real cost of attendance for most students. Keep in mind that certain forms of assistance are more beneficial than others, and aid amounts differ from student to student.
For incoming first-year students at Peru State College, 99% of the incoming full-time class was awarded financial aid roughly 208 first-years).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 98% | $10,363 |
| Institutional grants & scholarships | 91% | $4,608 |
| Federal Pell grants | 52% | $5,417 |
| State/local grants | 41% | $6,731 |
| Federal student loans | 66% | $4,740 |
Gift aid — grants and scholarships — beats loans every time because none of it has to be repaid. Across the undergraduate body at Peru State, around 64% of undergraduate students received gift aid averaging $8,679 (covering around 929 awardees).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 64% | $8,679 |
| Federal Pell grants | 37% | $5,438 |
| Federal student loans | 44% | $6,466 |
On-campus students receiving title-IV aid were awarded grants averaging $10,608.
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 | $8,924 |
| $30,001 – $75,000 | $10,517 |
| Over $75,000 | $14,177 |
Remember these are net prices — what families pay after gift aid, not before.
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 | $11,632 |
| Off-campus title-IV students | $10,864 |
For a personalized estimate based on your family’s financial situation, use Peru State’s online cost calculator: www.peru.edu/net-price/.
The middle student in the debt distribution at Peru State owes $12,000 in federal loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $12,000 |
| Median federal debt (graduates only) | $21,875 |
| Typical 10-year monthly payment (graduates) | $231.91/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. The figures below chart the debt distribution at Peru State.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,750 |
| 25th percentile | $5,500 |
| 75th percentile | $23,990 |
| 90th percentile (highest-debt students) | $32,252 |
Debt outcomes are not uniform — they shift with income, first-generation status, and dependency.
Debt by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $12,608 |
| Middle income | $14,000 |
| High income | $10,691 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $12,000 |
| Continuing-generation students | $11,587 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $11,313 |
| Independent students | $16,479 |
The figure below distills the debt data into a single burden category for Peru State.
Stafford loans make up the bulk of federal direct lending to undergraduates. Below is the annual Stafford program activity at Peru State:
| Metric | Value |
|---|---|
| Stafford loan recipients | 7273 |
| Total Stafford loan amount | $124,076,921 |
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 recipients
| Metric | Value |
|---|---|
| GI Bill recipients | 15 |
| Total GI Bill amount | $76,404 |
| Average GI Bill amount per recipient | $5,094 |
DoD Tuition Assistance activity
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 0 |
| Total DoD amount | $0 |
References
More about our data sources and methodologies.