by our College Data Analytics TeamA large number of students are not billed the complete price tag of a school. Rather, they are presented a financial aid deal that includes a mix of loans, grants, scholarships, and possibly work-study opportunities. The total cost of going to University of Pikeville can seem overwhelming, but bear in mind that many students are given some form of financial aid.
Just what financial aid solutions can UPIKE deliver, and just what are you going to be eligible for? Keep reading for answers. Keep going to learn just how much financial aid will 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 University of Pikeville.
Financial assistance, available as scholarships, loans, and work-study, is a way schools lower the price of attendance so many students can enroll. 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 University of Pikeville, 99% of first-time, full-time freshmen received some form of financial aid some 313 students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 99% | $20,280 |
| Institutional grants & scholarships | 99% | $11,549 |
| Federal Pell grants | 54% | $5,599 |
| State/local grants | 76% | $7,425 |
| Federal student loans | 93% | $6,590 |
Grants and scholarships are the most valuable form of aid because, unlike loans, they never have to be repaid. At UPIKE, about 97% of undergraduate students received gift aid averaging $21,613 (among about 1545 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 97% | $21,613 |
| Federal Pell grants | 38% | $5,827 |
| Federal student loans | 66% | $7,823 |
Among title-IV aid recipients living on campus, grant and scholarship aid averaged $13,109.
How much a family pays depends heavily on income, because most aid is awarded on the basis of financial need.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $11,570 |
| $30,001 – $75,000 | $13,253 |
| Over $75,000 | $15,900 |
These figures reflect what title-IV aid recipients pay after grant and scholarship aid is applied.
Net price is the average annual cost after grants and scholarships are subtracted from the published cost of attendance — the figure closest to what a typical aid-receiving student actually pays.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $20,311 |
| Off-campus title-IV students | $13,591 |
For an estimate tailored to your family circumstances, see UPIKE’s official net price calculator: www.upike.edu/undergraduate/financial-aid/net-price-calculator/.
A typical borrower at UPIKE leaves with $12,467 in federal student debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $12,467 |
| Median federal debt (graduates only) | $20,679 |
| Typical 10-year monthly payment (graduates) | $219.23/mo |
At a typical 10-year repayment schedule, the median graduate would pay about the monthly figure above.
The median alone does not show how widely outcomes vary across the student body. The four reference points below map the debt distribution at UPIKE.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,750 |
| 25th percentile | $5,500 |
| 75th percentile | $24,495 |
| 90th percentile (highest-debt students) | $32,025 |
Median debt varies by family income, by first-generation status, and by dependency status.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $13,000 |
| Middle income | $13,000 |
| High income | $11,000 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $12,588 |
| Continuing-generation students | $12,100 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $11,000 |
| Independent students | $21,000 |
A handful of calculated indicators summarize the debt outlook at UPIKE.
The Stafford loan program is the largest source of federal direct loans to undergraduates. The aggregate figures below show how active the program is at UPIKE:
| Metric | Value |
|---|---|
| Stafford loan recipients | 8118 |
| Total Stafford loan amount | $400,478,260 |
The GI Bill and DoD Tuition Assistance are the main federal aid routes for veterans and service members.
Post-9/11 GI Bill recipients
| Metric | Value |
|---|---|
| GI Bill recipients | 9 |
| Total GI Bill amount | $119,243 |
| Average GI Bill amount per recipient | $13,249 |
DoD Tuition Assistance activity
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 1 |
| Total DoD amount | $4,500 |
| Average DoD amount per recipient | $4,500 |
References
More about our data sources and methodologies.