by our College Data Analytics TeamThe majority of students will not be asked to pay 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 total cost of going to Purdue University Global can seem tremendous, but do not forget that almost all students are given some form of financial help.
Just what financial aid solutions can Purdue University Global deliver, and just what are you going to be eligible for? Keep reading for answers. Keep reading to learn how much school funding will be available to you.
The amount of financial aid and scholarships you are eligible for will vary depending on your family’s income. Use the information below to understand how much financial assistance you may get from Purdue University Global.
Through a mix of loans, grants, work-study and scholarships, schools bring down the effective cost so more students can attend. Some kinds of aid are clearly preferable to others, and outcomes differ across students.
Looking at the entering class at Purdue University Global, 79% of entering full-time freshmen got some type of financial assistance some 11 freshmen).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 71% | $9,660 |
| Institutional grants & scholarships | 36% | $11,304 |
| Federal Pell grants | 43% | $4,445 |
| State/local grants | 21% | $4,024 |
| Federal student loans | 29% | $5,722 |
Grants and scholarships are the most valuable form of aid because, unlike loans, they never have to be repaid. Across the undergraduate body at Purdue University Global, roughly 70% of undergraduates were awarded grant or scholarship aid averaging $5,456 (across approximately 22278 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 70% | $5,456 |
| Federal Pell grants | 47% | $3,503 |
| Federal student loans | 46% | $8,034 |
Title-IV recipients living on campus saw average grant aid of $7,890.
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 |
|---|---|
| $30,001 – $75,000 | $12,267 |
Each amount is the average cost remaining once grant aid is subtracted, by income band.
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 | $7,770 |
| Off-campus title-IV students | $1,724 |
For a customized cost estimate, visit Purdue University Global’s online cost calculator: purdueglobal.clearcostcalculator.com/student/default/netpricecalculator/survey.
Graduating students at Purdue University Global carry a median federal student debt of $11,648 of federal borrowing.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $11,648 |
| Median federal debt (graduates only) | $26,078 |
| Typical 10-year monthly payment (graduates) | $276.47/mo |
That monthly figure reflects the median graduate debt repaid on a standard 10-year federal schedule.
Looking only at the median can be misleading because it hides the spread. The percentiles below describe the cumulative federal debt distribution for borrowers at Purdue University Global.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,167 |
| 25th percentile | $3,983 |
| 75th percentile | $29,125 |
| 90th percentile (highest-debt students) | $43,600 |
Median debt varies by family income, by first-generation status, and by dependency status.
Debt by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $10,288 |
| Middle income | $12,962 |
| High income | $12,791 |
First-Gen vs Continuing-Gen Median Debt
| Cohort | Median federal debt |
|---|---|
| First-generation students | $11,590 |
| Continuing-generation students | $11,890 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $6,000 |
| Independent students | $12,500 |
The figure below distills the debt data into a single burden category for Purdue University Global.
Stafford loans are the federal government’s primary direct undergraduate lending program. The annual Stafford volume below reflects program activity at Purdue University Global:
| Metric | Value |
|---|---|
| Stafford loan recipients | 387175 |
| Total Stafford loan amount | $9,151,377,101 |
Veterans and active-duty service members may qualify for the Post-9/11 GI Bill or DoD Tuition Assistance.
Post-9/11 GI Bill activity
| Metric | Value |
|---|---|
| GI Bill recipients | 4002 |
| Total GI Bill amount | $22,597,797 |
| Average GI Bill amount per recipient | $5,647 |
DoD Tuition Assistance activity
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 10414 |
| Total DoD amount | $21,893,893 |
| Average DoD amount per recipient | $2,102 |
References
More about our data sources and methodologies.