by our College Data Analytics TeamA lot 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 price tag of going to Samford University can appear overpowering, but remember that the majority of students obtain some kind of financial assistance.
What financial assistance options will Samford offer, and what will you qualify for? Read on for more information. Keep going to learn just how much financial aid will be open to you.
How much aid you qualify for depends largely on your family’s financial circumstances. Continue reading to find information to help you understand just how much assistance you can expect to receive from Samford University.
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. Some kinds of aid are clearly preferable to others, and outcomes differ across students.
At Samford University, 100% of the incoming full-time class was awarded financial aid around 1080 students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 100% | $22,530 |
| Institutional grants & scholarships | 100% | $21,317 |
| Federal Pell grants | 11% | $5,987 |
| State/local grants | 23% | $2,114 |
| Federal student loans | 27% | $5,273 |
Grants and scholarships are the most valuable form of aid because, unlike loans, they never have to be repaid. At Samford, roughly 99% of undergraduates were awarded grant or scholarship aid averaging $22,680 (covering around 3782 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 99% | $22,680 |
| Federal Pell grants | 11% | $5,769 |
| Federal student loans | 27% | $6,374 |
Among title-IV aid recipients living on campus, grant and scholarship aid averaged $24,834.
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 | $22,848 |
| $30,001 – $75,000 | $26,552 |
| Over $75,000 | $33,607 |
Each figure is the net price after grants and scholarships, not the published sticker price.
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 | $32,622 |
| Off-campus title-IV students | $30,795 |
For a customized cost estimate, visit Samford’s NPC: www.samford.edu/admission/net-price-calculator.
The median federal debt load at Samford comes to $15,750 of cumulative federal debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $15,750 |
| Median federal debt (graduates only) | $19,500 |
| Typical 10-year monthly payment (graduates) | $206.73/mo |
At a typical 10-year repayment schedule, the median graduate would pay about the monthly figure above.
Looking only at the median can be misleading because it hides the spread. The four reference points below map the debt distribution at Samford.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $4,096 |
| 25th percentile | $7,545 |
| 75th percentile | $26,040 |
| 90th percentile (highest-debt students) | $34,000 |
The figures below break down median federal debt by income tier, first-generation status, and dependency.
Debt by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $18,538 |
| Middle income | $17,494 |
| High income | $15,000 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $16,500 |
| Continuing-generation students | $15,750 |
Dependent vs Independent Students
| Cohort | Median federal debt |
|---|---|
| Dependent students | $15,750 |
| Independent students | $17,044 |
The figure below distills the debt data into a single burden category for Samford.
The Stafford program is the federal direct-loan vehicle most undergraduates use. These figures summarize annual Stafford program activity at Samford:
| Metric | Value |
|---|---|
| Stafford loan recipients | 13875 |
| Total Stafford loan amount | $567,874,543 |
Military-affiliated students can tap the Post-9/11 GI Bill and DoD Tuition Assistance.
Post-9/11 GI Bill recipients
| Metric | Value |
|---|---|
| GI Bill recipients | 80 |
| Total GI Bill amount | $1,495,919 |
| Average GI Bill amount per recipient | $18,699 |
References
More about our data sources and methodologies.