by our College Data Analytics TeamMany students are not billed 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 sum total of attendance at Simmons University can sound overpowering, but remember that the majority of students get some type of financial assistance.
What financial aid options can Simmons offer you, and what will you qualify for? Keep reading for more information. Keep scrolling to discover just how much financial aid could be open to you.
The amount of financial aid and scholarships you are eligible for will vary depending on your family’s income. Read on to get a sense of the financial assistance available at Simmons University.
Aid such as grants, loans, work-study, and scholarships helps colleges decrease the real cost of attendance for most students. Note that some aid is more valuable than the rest, and individual awards are far from uniform.
At Simmons University, 100% of entering full-time freshmen got some type of financial assistance (about 361 students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 100% | $35,123 |
| Institutional grants & scholarships | 100% | $31,562 |
| Federal Pell grants | 33% | $6,095 |
| State/local grants | 25% | $4,090 |
| Federal student loans | 60% | $5,255 |
Grants and scholarships are the most valuable form of aid because, unlike loans, they never have to be repaid. At Simmons, roughly 93% of undergrads got grants or scholarships worth on average $33,755 (across roughly 1630 recipients).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 93% | $33,755 |
| Federal Pell grants | 33% | $5,775 |
| Federal student loans | 63% | $6,702 |
For students living on campus and receiving title-IV aid, grants averaged $38,195.
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 |
|---|---|
| $0 – $48,000 | $19,787 |
| $30,001 – $75,000 | $21,558 |
| Over $75,000 | $32,182 |
Each amount is the average cost remaining once grant aid is subtracted, by income band.
Net price is the average annual cost after grants and scholarships are subtracted from the published cost of attendance — the figure closest to what a typical aid-receiving student actually pays.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $25,265 |
| Off-campus title-IV students | $27,313 |
For an estimate tailored to your family circumstances, see Simmons’s net price calculator: www.simmons.edu/undergraduate/admission-and-financial-aid/tuition-financial-aid.
The median federal debt load at Simmons comes to $21,780 in federal loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $21,780 |
| Median federal debt (graduates only) | $24,840 |
| Typical 10-year monthly payment (graduates) | $263.35/mo |
The 10-year payment estimate assumes a standard federal repayment plan and the median graduate debt amount.
Looking only at the median can be misleading because it hides the spread. The figures below chart the debt distribution at Simmons.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $5,500 |
| 25th percentile | $12,500 |
| 75th percentile | $27,000 |
| 90th percentile (highest-debt students) | $30,750 |
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 | $20,916 |
| Middle income | $23,136 |
| High income | $21,500 |
First-Gen vs Continuing-Gen Median Debt
| Cohort | Median federal debt |
|---|---|
| First-generation students | $22,000 |
| Continuing-generation students | $21,500 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $21,500 |
| Independent students | $21,969 |
A handful of calculated indicators summarize the debt outlook at Simmons.
Most undergraduate borrowing runs through the federal Stafford loan program. These figures summarize annual Stafford program activity at Simmons:
| Metric | Value |
|---|---|
| Stafford loan recipients | 23261 |
| Total Stafford loan amount | $898,575,019 |
GI Bill and DoD Tuition Assistance are the two federal aid programs targeted at military-affiliated students.
GI Bill volume
| Metric | Value |
|---|---|
| GI Bill recipients | 56 |
| Total GI Bill amount | $815,010 |
| Average GI Bill amount per recipient | $14,554 |
DoD Tuition Assistance activity
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 1 |
| Total DoD amount | $3,000 |
| Average DoD amount per recipient | $3,000 |
References
More about our data sources and methodologies.