by our College Data Analytics TeamThe majority 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 sum total of attendance at Slippery Rock University of Pennsylvania can sound overwhelming, but bear in mind that many students get some type of financial aid.
Just what financing solutions does SRU deliver, and just what are you going to be eligible for? Keep scrolling for answers. Keep scrolling to see 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. The information provided on this page can help you determine how much aid you may receive from Slippery Rock University of Pennsylvania.
Aid such as grants, loans, work-study, and scholarships helps colleges decrease the real cost of attendance for most students. 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 Slippery Rock University of Pennsylvania, 96% of entering full-time freshmen got some type of financial assistance approximately 1471 incoming students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 72% | $6,862 |
| Institutional grants & scholarships | 64% | $2,081 |
| Federal Pell grants | 35% | $5,213 |
| State/local grants | 39% | $4,638 |
| Federal student loans | 67% | $5,354 |
Gift aid — grants and scholarships — beats loans every time because none of it has to be repaid. Here, roughly 72% of undergraduates were awarded an average grant or scholarship of $7,184 (covering around 4888 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 72% | $7,184 |
| Federal Pell grants | 31% | $5,080 |
| Federal student loans | 61% | $6,422 |
For students living on campus and receiving title-IV aid, grants averaged $5,929.
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 | $13,208 |
| $30,001 – $75,000 | $16,290 |
| Over $75,000 | $22,923 |
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 | $19,608 |
| Off-campus title-IV students | $19,524 |
To get a personalized net price estimate, try SRU’s online cost calculator: www.sru.edu/admissions/net-price-calculator.
The median student at SRU graduates with $19,500 in federal loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $19,500 |
| Median federal debt (graduates only) | $25,000 |
| Typical 10-year monthly payment (graduates) | $265.04/mo |
That monthly figure reflects the median graduate debt repaid on a standard 10-year federal schedule.
Looking only at the median can be misleading because it hides the spread. The figures below chart the debt distribution at SRU.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $4,750 |
| 25th percentile | $8,250 |
| 75th percentile | $27,000 |
| 90th percentile (highest-debt students) | $31,783 |
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 | $18,911 |
| Middle income | $20,230 |
| High income | $19,823 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $19,500 |
| Continuing-generation students | $19,500 |
Dependent vs Independent Students
| Cohort | Median federal debt |
|---|---|
| Dependent students | $19,550 |
| Independent students | $17,943 |
Federal data publishes pre-calculated indicators that summarize debt outcomes. SRU.
The Stafford loan program is the largest source of federal direct loans to undergraduates. Below is the annual Stafford program activity at SRU:
| Metric | Value |
|---|---|
| Stafford loan recipients | 34533 |
| Total Stafford loan amount | $693,997,194 |
Military-affiliated students can tap the Post-9/11 GI Bill and DoD Tuition Assistance.
Post-9/11 GI Bill activity
| Metric | Value |
|---|---|
| GI Bill recipients | 117 |
| Total GI Bill amount | $1,088,896 |
| Average GI Bill amount per recipient | $9,307 |
DoD Tuition Assistance activity
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 13 |
| Total DoD amount | $50,250 |
| Average DoD amount per recipient | $3,865 |
References
More about our data sources and methodologies.