by our College Data Analytics TeamMany students will not be asked to pay the complete price tag of a school. Rather, they are presented a financial aid deal that includes a mix of loans, grants, scholarships, and possibly work-study opportunities. The price tag of going to Shaw University can appear overwhelming, but bear in mind that many students obtain some kind of financial aid.
What financial aid options can Shaw University offer you, and what will you qualify for? Keep reading for more information. Read on to find out just how much financial aid will be open to you.
Eligibility for aid and scholarships is driven mostly by your household’s income and need. Use the information below to understand how much financial assistance you may get from Shaw University.
Colleges use loans, grants, scholarships and work-study to minimize what students actually pay out of pocket. Bear in mind that not all aid is equal, and the amount any one student receives can vary widely.
Among first-time, full-time freshmen at Shaw University, 98% of first-year full-time students received aid of some kind approximately 178 freshmen).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 97% | $14,417 |
| Institutional grants & scholarships | 75% | $6,896 |
| Federal Pell grants | 80% | $6,014 |
| State/local grants | 47% | $5,731 |
| Federal student loans | 77% | $4,916 |
The best aid is gift aid: grants and scholarships that carry no repayment obligation. Here, about 92% of undergraduate students received gift aid averaging $15,006 (across approximately 775 recipients).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 92% | $15,006 |
| Federal Pell grants | 66% | $5,676 |
| Federal student loans | 71% | $5,842 |
Among title-IV aid recipients living on campus, grant and scholarship aid averaged $14,349.
Need-based aid means lower-income families typically pay far less than the sticker price suggests.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $12,696 |
| $30,001 – $75,000 | $15,285 |
| Over $75,000 | $19,254 |
The numbers above are post-aid net prices, so they already account for grants and scholarships.
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 | $16,512 |
| Off-campus title-IV students | $14,083 |
For a personalized estimate based on your family’s financial situation, use Shaw University’s NPC: shawu.clearcostcalculator.com/student/default/netpricecalculator/survey.
Graduating students at Shaw University carry a median federal student debt of $19,000 of federal student loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $19,000 |
| Median federal debt (graduates only) | $32,500 |
| Typical 10-year monthly payment (graduates) | $344.55/mo |
Spreading the median graduate debt over a standard 10-year repayment schedule works out to roughly the monthly payment shown above.
Looking only at the median can be misleading because it hides the spread. The four reference points below map the debt distribution at Shaw University.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $4,750 |
| 25th percentile | $5,500 |
| 75th percentile | $30,000 |
| 90th percentile (highest-debt students) | $44,000 |
How much a student borrows depends heavily on family income, first-gen status, and dependency.
Debt by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $21,347 |
| Middle income | $15,360 |
| High income | $13,438 |
First-Gen vs Continuing-Gen Median Debt
| Cohort | Median federal debt |
|---|---|
| First-generation students | $19,500 |
| Continuing-generation students | $18,000 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $18,500 |
| Independent students | $25,910 |
A handful of calculated indicators summarize the debt outlook at Shaw University.
The Stafford loan program is the largest source of federal direct loans to undergraduates. These figures summarize annual Stafford program activity at Shaw University:
| Metric | Value |
|---|---|
| Stafford loan recipients | 17575 |
| Total Stafford loan amount | $452,784,019 |
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.
GI Bill volume
| Metric | Value |
|---|---|
| GI Bill recipients | 19 |
| Total GI Bill amount | $213,473 |
| Average GI Bill amount per recipient | $11,235 |
DoD Tuition Assistance activity
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 0 |
| Total DoD amount | $0 |
References
More about our data sources and methodologies.