by our College Data Analytics TeamA lot 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 cost of going to Providence College can seem overpowering, but remember that the majority of students are given some form of financial assistance.
Just what financing solutions does Providence provide, and just what are you going to be eligible for? Keep scrolling for answers. Scroll down to find out just how much financial aid will be open to you.
The amount of financial aid and scholarships you are eligible for will vary depending on your family’s income. Read on to get a sense of the financial assistance available at Providence College.
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. Keep in mind that certain forms of assistance are more beneficial than others, and aid amounts differ from student to student.
For freshmen starting at Providence College, 84% of new full-time first-years were awarded at least some aid roughly 1001 incoming students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 83% | $31,873 |
| Institutional grants & scholarships | 83% | $30,758 |
| Federal Pell grants | 13% | $5,207 |
| State/local grants | 2% | $2,891 |
| Federal student loans | 62% | $5,370 |
Grants and scholarships are the most valuable form of aid because, unlike loans, they never have to be repaid. At Providence, approximately 78% of undergrads got grants or scholarships worth on average $32,482 (across approximately 3255 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 78% | $32,482 |
| Federal Pell grants | 13% | $5,452 |
| Federal student loans | 57% | $6,475 |
For on-campus title-IV students, average grant aid came to $31,943.
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 | $24,722 |
| $30,001 – $75,000 | $23,815 |
| Over $75,000 | $50,328 |
Each figure is the net price after grants and scholarships, not the published sticker price.
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 | $48,523 |
| Off-campus title-IV students | $45,538 |
To project your own net price, use Providence’s online cost calculator: npc.collegeboard.org/student/app/providence.
The median student at Providence graduates with $27,000 of federal student loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $27,000 |
| Median federal debt (graduates only) | $27,000 |
| Typical 10-year monthly payment (graduates) | $286.24/mo |
Under a standard ten-year plan, the median graduate’s monthly payment lands near the figure above.
Looking only at the median can be misleading because it hides the spread. The figures below chart the debt distribution at Providence.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $6,500 |
| 25th percentile | $15,837 |
| 75th percentile | $30,000 |
| 90th percentile (highest-debt students) | $31,000 |
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 | $25,943 |
| Middle income | $27,000 |
| High income | $27,000 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $27,000 |
| Continuing-generation students | $27,000 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $27,000 |
| Independent students | $12,500 |
Federal data publishes pre-calculated indicators that summarize debt outcomes. Providence.
Stafford loans make up the bulk of federal direct lending to undergraduates. The annual Stafford volume below reflects program activity at Providence:
| Metric | Value |
|---|---|
| Stafford loan recipients | 11138 |
| Total Stafford loan amount | $187,130,336 |
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 | 20 |
| Total GI Bill amount | $303,454 |
| Average GI Bill amount per recipient | $15,173 |
References
More about our data sources and methodologies.