by our College Data Analytics TeamA lot of students will never be charged the advertised price of a school. Instead, they will be provided a financial aid package that will include a combination of scholarships, grants, loans, and work-study. The total cost of going to Simpson University can seem overwhelming, but bear in mind that many students are given some form of financial aid.
Just what financial assistance solutions will Simpson U deliver, and just what are you going to be eligible for? Read on for answers. Read on to see what amount of financial assistance could be accessible to you.
Your financial aid package, which may contain grants and scholarships, will be determined on your financial need. The figures below will help you estimate the aid you might receive from Simpson University.
Colleges use loans, grants, scholarships and work-study to minimize what students actually pay out of pocket. Some kinds of aid are clearly preferable to others, and outcomes differ across students.
For freshmen starting at Simpson University, 100% of first-year full-time students received aid of some kind roughly 145 new students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 100% | $25,937 |
| Institutional grants & scholarships | 100% | $20,993 |
| Federal Pell grants | 41% | $5,439 |
| State/local grants | 38% | $6,883 |
| Federal student loans | 74% | $5,491 |
Grants and scholarships are the most valuable form of aid because, unlike loans, they never have to be repaid. Here, roughly 94% of the undergraduate population received grant aid that averaged $23,029 (across approximately 713 awardees).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 94% | $23,029 |
| Federal Pell grants | 44% | $5,221 |
| Federal student loans | 63% | $7,598 |
For students living on campus and receiving title-IV aid, grants averaged $26,871.
Need-based aid means lower-income families typically pay far less than the sticker price suggests.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $24,733 |
| $30,001 – $75,000 | $27,152 |
| Over $75,000 | $30,001 |
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 | $27,817 |
| Off-campus title-IV students | $27,923 |
To project your own net price, use Simpson U’s net price tool: simpsonu.studentaidcalculator.com/survey.aspx.
A typical borrower at Simpson U leaves with $13,000 of federal borrowing.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $13,000 |
| Median federal debt (graduates only) | $18,750 |
| Typical 10-year monthly payment (graduates) | $198.78/mo |
Under a standard ten-year plan, the median graduate’s monthly payment lands near the figure above.
Percentiles reveal the spread — half of all borrowers fall between the 25th and 75th percentiles. Use the percentiles below to see the debt range at Simpson U.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $5,500 |
| 25th percentile | $8,332 |
| 75th percentile | $23,250 |
| 90th percentile (highest-debt students) | $31,000 |
Outcomes differ by income bracket, by first-generation status, and by whether a student is financially dependent.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $12,500 |
| Middle income | $14,000 |
| High income | $13,988 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $14,000 |
| Continuing-generation students | $12,500 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $12,899 |
| Independent students | $14,365 |
The Department of Education computes summary indicators that describe debt outcomes at a glance. Simpson U.
The Stafford program is the federal direct-loan vehicle most undergraduates use. These figures summarize annual Stafford program activity at Simpson U:
| Metric | Value |
|---|---|
| Stafford loan recipients | 5516 |
| Total Stafford loan amount | $113,996,517 |
The GI Bill and DoD Tuition Assistance are the main federal aid routes for veterans and service members.
Post-9/11 GI Bill recipients
| Metric | Value |
|---|---|
| GI Bill recipients | 35 |
| Total GI Bill amount | $459,933 |
| Average GI Bill amount per recipient | $13,141 |
References
More about our data sources and methodologies.