by our College Data Analytics TeamA large number of students will never be charged 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 price tag of going to Shawnee State University can appear overwhelming, but bear in mind that many students obtain some kind of financial aid.
What financing options does Shawnee State University offer you, and what will you qualify for? Keep scrolling for more information. Keep reading to find out how much school funding will be available to you.
The amount of financial aid you can receive varies from person to person and will depend on your family’s economic situation. Continue reading to find information to help you understand just how much assistance you can expect to receive from Shawnee State University.
Financial assistance, available as scholarships, loans, and work-study, is a way schools lower the price of attendance so many students can enroll. Bear in mind that not all aid is equal, and the amount any one student receives can vary widely.
For incoming first-year students at Shawnee State University, 93% of first-year full-time students received aid of some kind approximately 575 new students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 87% | $7,820 |
| Institutional grants & scholarships | 63% | $4,327 |
| Federal Pell grants | 58% | $5,098 |
| State/local grants | 47% | $2,194 |
| Federal student loans | 48% | $5,006 |
Unlike loans, grants and scholarships are gift aid that does not need to be paid back, making them the most desirable form of assistance. At this school, approximately 82% of undergraduates were awarded an average grant or scholarship of $6,247 (across approximately 2435 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 82% | $6,247 |
| Federal Pell grants | 39% | $5,372 |
| Federal student loans | 39% | $6,240 |
For students living on campus and receiving title-IV aid, grants averaged $7,593.
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 | $13,661 |
| $30,001 – $75,000 | $14,630 |
| Over $75,000 | $18,783 |
The numbers above are post-aid net prices, so they already account for grants and scholarships.
Net price is the cost remaining after grant and scholarship aid is subtracted from the sticker price, and it is the most useful single number for estimating real cost.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $14,381 |
| Off-campus title-IV students | $15,389 |
To project your own net price, use Shawnee State University’s net price calculator: www.shawnee.edu/net-price-calculator/.
The median federal debt load at Shawnee State University comes to $12,885 in federal loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $12,885 |
| Median federal debt (graduates only) | $23,000 |
| Typical 10-year monthly payment (graduates) | $243.84/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 Shawnee State University.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,750 |
| 25th percentile | $5,500 |
| 75th percentile | $24,500 |
| 90th percentile (highest-debt students) | $36,500 |
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 | $13,216 |
| Middle income | $12,950 |
| High income | $12,034 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $13,000 |
| Continuing-generation students | $12,000 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $12,000 |
| Independent students | $16,850 |
The figure below distills the debt data into a single burden category for Shawnee State University.
The Stafford program is the federal direct-loan vehicle most undergraduates use. The annual Stafford volume below reflects program activity at Shawnee State University:
| Metric | Value |
|---|---|
| Stafford loan recipients | 18689 |
| Total Stafford loan amount | $336,010,410 |
GI Bill and DoD Tuition Assistance are the two federal aid programs targeted at military-affiliated students.
Post-9/11 GI Bill recipients
| Metric | Value |
|---|---|
| GI Bill recipients | 20 |
| Total GI Bill amount | $164,417 |
| Average GI Bill amount per recipient | $8,221 |
Active-duty Tuition Assistance recipients
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 4 |
| Total DoD amount | $4,500 |
| Average DoD amount per recipient | $1,125 |
References
More about our data sources and methodologies.