by our College Data Analytics TeamA lot of students are not billed the full sticker price of a school. Rather, they are offered a financial aid plan that includes a mix of loans, grants, scholarships, and possibly work-study opportunities. The price tag of going to Point Park University can appear overwhelming, but bear in mind that many students obtain some kind of financial aid.
Just what financial aid solutions can Point Park provide, and just what are you going to be eligible for? Keep reading for answers. Read on to learn what amount of financial assistance will be accessible to you.
How much aid you qualify for depends largely on your family’s financial circumstances. Read on to get a sense of the financial assistance available at Point Park University.
Financial assistance, available as scholarships, loans, and work-study, is a way schools lower the price of attendance so many students can enroll. Note that some aid is more valuable than the rest, and individual awards are far from uniform.
Looking at the entering class at Point Park University, 99% of the incoming full-time class was awarded financial aid some 514 new students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 99% | $26,159 |
| Institutional grants & scholarships | 99% | $22,362 |
| Federal Pell grants | 39% | $5,744 |
| State/local grants | 32% | $4,396 |
| Federal student loans | 78% | $5,703 |
Grants and scholarships are the most valuable form of aid because, unlike loans, they never have to be repaid. At Point Park, roughly 94% of undergrads got grants or scholarships worth on average $24,746 (for some 2162 awardees).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 94% | $24,746 |
| Federal Pell grants | 39% | $5,795 |
| Federal student loans | 74% | $7,127 |
On-campus students receiving title-IV aid were awarded grants averaging $26,701.
Because need-based aid scales with family income, what students actually pay differs sharply across income brackets.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $20,333 |
| $30,001 – $75,000 | $22,780 |
| Over $75,000 | $27,859 |
These figures reflect what title-IV aid recipients pay after grant and scholarship aid is applied.
The net price strips out grant and scholarship aid from the sticker price to show roughly what families really pay.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $25,942 |
| Off-campus title-IV students | $24,791 |
For a customized cost estimate, visit Point Park’s net price tool: www.pointpark.edu/admissions/tuitioncosts/netpricecalc.
The middle student in the debt distribution at Point Park owes $20,957 of federal student loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $20,957 |
| Median federal debt (graduates only) | $27,000 |
| Typical 10-year monthly payment (graduates) | $286.24/mo |
At a typical 10-year repayment schedule, the median graduate would pay about the monthly figure above.
A single median figure conceals how much debt outcomes differ student to student. The figures below chart the debt distribution at Point Park.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,250 |
| 25th percentile | $8,250 |
| 75th percentile | $28,500 |
| 90th percentile (highest-debt students) | $38,250 |
Outcomes differ by income bracket, by first-generation status, and by whether a student is financially dependent.
Debt by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $20,909 |
| Middle income | $21,000 |
| High income | $20,832 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $20,000 |
| Continuing-generation students | $22,500 |
Dependent vs Independent Students
| Cohort | Median federal debt |
|---|---|
| Dependent students | $20,500 |
| Independent students | $23,000 |
Federal data publishes pre-calculated indicators that summarize debt outcomes. Point Park.
Stafford loans make up the bulk of federal direct lending to undergraduates. The totals below capture Stafford lending at Point Park:
| Metric | Value |
|---|---|
| Stafford loan recipients | 19958 |
| Total Stafford loan amount | $527,281,385 |
Veterans and active-duty service members may qualify for the Post-9/11 GI Bill or DoD Tuition Assistance.
GI Bill volume
| Metric | Value |
|---|---|
| GI Bill recipients | 59 |
| Total GI Bill amount | $1,057,478 |
| Average GI Bill amount per recipient | $17,923 |
DoD program volume
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 3 |
| Total DoD amount | $7,750 |
| Average DoD amount per recipient | $2,583 |
References
More about our data sources and methodologies.