by our College Data Analytics TeamMost students will never be charged 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 sum total of attendance at Philander Smith University can sound tremendous, but do not forget that almost all students get some type of financial help.
Just what financial assistance solutions will Philander Smith provide, and just what are you going to be eligible for? Read on for answers. Scroll down to see what amount of financial assistance could be accessible to you.
Your financial aid package, which may contain grants and scholarships, will be determined on your financial need. The information provided on this page can help you determine how much aid you may receive from Philander Smith 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 Philander Smith University, 99% of new full-time first-years were awarded at least some aid some 167 incoming students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 99% | $14,283 |
| Institutional grants & scholarships | 85% | $10,994 |
| Federal Pell grants | 69% | $6,534 |
| State/local grants | 4% | $2,510 |
| Federal student loans | 58% | $5,681 |
Unlike loans, grants and scholarships are gift aid that does not need to be paid back, making them the most desirable form of assistance. At Philander Smith, around 88% of undergraduate students received gift aid averaging $12,496 (covering around 748 undergraduates).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 88% | $12,496 |
| Federal Pell grants | 68% | $6,175 |
| Federal student loans | 58% | $7,312 |
On-campus students receiving title-IV aid were awarded grants averaging $13,912.
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 | $15,294 |
| $30,001 – $75,000 | $14,658 |
| Over $75,000 | $20,335 |
The numbers above are post-aid net prices, so they already account for grants and scholarships.
Net price is the cost remaining after grant and scholarship aid is subtracted from the sticker price, and it is the most useful single number for estimating real cost.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $14,224 |
| Off-campus title-IV students | $15,360 |
To project your own net price, use Philander Smith’s official net price calculator: www.philander.edu/admissions/paying-for-college/net-price-calculator.
The median student at Philander Smith graduates with $14,750 of cumulative federal debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $14,750 |
| Median federal debt (graduates only) | $24,736 |
| Typical 10-year monthly payment (graduates) | $262.24/mo |
The 10-year payment estimate assumes a standard federal repayment plan and the median graduate debt amount.
The numbers below show the full range, not just the middle of the distribution. These percentiles trace how cumulative federal debt is spread among borrowers at Philander Smith.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,750 |
| 25th percentile | $5,500 |
| 75th percentile | $27,000 |
| 90th percentile (highest-debt students) | $40,000 |
Outcomes differ by income bracket, by first-generation status, and by whether a student is financially dependent.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $15,000 |
| Middle income | $14,000 |
| High income | $15,000 |
First-Gen vs Continuing-Gen Median Debt
| Cohort | Median federal debt |
|---|---|
| First-generation students | $14,890 |
| Continuing-generation students | $14,000 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $14,250 |
| Independent students | $15,480 |
These indicators are derived from the underlying debt data and summarize the overall picture at Philander Smith.
The Stafford loan program is the largest source of federal direct loans to undergraduates. These figures summarize annual Stafford program activity at Philander Smith:
| Metric | Value |
|---|---|
| Stafford loan recipients | 5742 |
| Total Stafford loan amount | $127,115,981 |
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 | 8 |
| Total GI Bill amount | $70,850 |
| Average GI Bill amount per recipient | $8,856 |
Active-duty Tuition Assistance recipients
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 0 |
| Total DoD amount | $0 |
References
More about our data sources and methodologies.