by our College Data Analytics TeamA large number of students will never be charged 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 sum total of attendance at Provo College can sound overwhelming, but bear in mind that many students get some type of financial aid.
Just what financial assistance solutions will Provo College deliver, and just what are you going to be eligible for? Read on for answers. Keep reading to learn how much school funding will be available to you.
Eligibility for aid and scholarships is driven mostly by your household’s income and need. The figures below will help you estimate the aid you might receive from Provo College.
Aid such as grants, loans, work-study, and scholarships helps colleges decrease the real cost of attendance for most students. However, some types of aid are more desirable than others, and some students will receive more than others.
Among first-time, full-time freshmen at Provo College, 100% of first-year full-time students received aid of some kind some 13 incoming students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 46% | $6,600 |
| Institutional grants & scholarships | 0% | — |
| Federal Pell grants | 46% | $6,500 |
| State/local grants | 0% | — |
| Federal student loans | 100% | $10,979 |
The best aid is gift aid: grants and scholarships that carry no repayment obligation. At Provo College, approximately 31% of the undergraduate population received grant aid that averaged $7,930 (for some 221 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 31% | $7,930 |
| Federal Pell grants | 31% | $7,413 |
| Federal student loans | 43% | $11,283 |
On-campus students receiving title-IV aid were awarded grants averaging $3,046.
Since aid is largely need-based, the real cost of attendance falls steeply for lower-income families.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $30,255 |
| $30,001 – $75,000 | $25,175 |
Each amount is the average cost remaining once grant aid is subtracted, by income band.
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 | $27,053 |
| Off-campus title-IV students | $30,255 |
To get a personalized net price estimate, try Provo College’s official net price calculator: provocollege.edu/financial-aid-admissions/net-price-calculator/.
The median student at Provo College graduates with $24,262 of federal student loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $24,262 |
| Median federal debt (graduates only) | $41,733 |
| Typical 10-year monthly payment (graduates) | $442.44/mo |
Spreading the median graduate debt over a standard 10-year repayment schedule works out to roughly the monthly payment shown above.
The numbers below show the full range, not just the middle of the distribution. The percentiles below describe the cumulative federal debt distribution for borrowers at Provo College.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,439 |
| 25th percentile | $6,756 |
| 75th percentile | $22,007 |
| 90th percentile (highest-debt students) | $38,162 |
Median debt varies by family income, by first-generation status, and by dependency status.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $23,584 |
| Middle income | $21,928 |
| High income | $25,359 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $22,932 |
| Continuing-generation students | $25,688 |
Dependent vs Independent Students
| Cohort | Median federal debt |
|---|---|
| Dependent students | $24,498 |
| Independent students | $23,887 |
A handful of calculated indicators summarize the debt outlook at Provo College.
The Stafford loan program is the largest source of federal direct loans to undergraduates. The totals below capture Stafford lending at Provo College:
| Metric | Value |
|---|---|
| Stafford loan recipients | 5041 |
| Total Stafford loan amount | $90,515,500 |
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 | 9 |
| Total GI Bill amount | $151,800 |
| Average GI Bill amount per recipient | $16,867 |
References
More about our data sources and methodologies.