by our College Data Analytics TeamMany 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 Southern Connecticut State University can appear tremendous, but do not forget that almost all students obtain some kind of financial help.
Just what financial assistance solutions will SCSU deliver, and just what are you going to be eligible for? Read on for answers. Keep reading to learn what amount of financial assistance will be accessible to you.
Eligibility for aid and scholarships is driven mostly by your household’s income and need. Continue reading to find information to help you understand just how much assistance you can expect to receive from Southern Connecticut State University.
Financial aid, in the form of loans, grants, work-study, and scholarships, is one way colleges reduce the cost of attendance so most students can actually afford to attend. Some kinds of aid are clearly preferable to others, and outcomes differ across students.
Among first-time, full-time freshmen at Southern Connecticut State University, 91% of new full-time first-years were awarded at least some aid approximately 1107 new students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 78% | $9,977 |
| Institutional grants & scholarships | 59% | $4,530 |
| Federal Pell grants | 55% | $5,778 |
| State/local grants | 54% | $3,348 |
| Federal student loans | 63% | $5,382 |
Grants and scholarships are the most valuable form of aid because, unlike loans, they never have to be repaid. Here, about 65% of undergraduate students received gift aid averaging $8,712 (across approximately 4386 undergraduates).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 65% | $8,712 |
| Federal Pell grants | 41% | $5,393 |
| Federal student loans | 52% | $8,443 |
Among title-IV aid recipients living on campus, grant and scholarship aid averaged $8,816.
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 | $18,417 |
| $30,001 – $75,000 | $18,520 |
| Over $75,000 | $25,302 |
Each figure is the net price after grants and scholarships, not the published sticker price.
The net price represents the average annual cost a title-IV-receiving student pays after grant aid is subtracted from the full cost of attendance.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $20,857 |
| Off-campus title-IV students | $20,877 |
To get a personalized net price estimate, try SCSU’s official net price calculator: go.southernct.edu/netpricecalculator/.
The median student at SCSU graduates with $15,000 of federal borrowing.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $15,000 |
| Median federal debt (graduates only) | $22,250 |
| Typical 10-year monthly payment (graduates) | $235.89/mo |
Under a standard ten-year plan, the median graduate’s monthly payment lands near the figure above.
A single median figure conceals how much debt outcomes differ student to student. The four reference points below map the debt distribution at SCSU.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,785 |
| 25th percentile | $6,550 |
| 75th percentile | $26,024 |
| 90th percentile (highest-debt students) | $35,000 |
The figures below break down median federal debt by income tier, first-generation status, and dependency.
Debt by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $15,000 |
| Middle income | $15,188 |
| High income | $15,000 |
First-Gen vs Continuing-Gen Median Debt
| Cohort | Median federal debt |
|---|---|
| First-generation students | $15,456 |
| Continuing-generation students | $13,750 |
Dependent vs Independent Students
| Cohort | Median federal debt |
|---|---|
| Dependent students | $14,750 |
| Independent students | $16,830 |
A handful of calculated indicators summarize the debt outlook at SCSU.
Stafford loans are the federal government’s primary direct undergraduate lending program. These figures summarize annual Stafford program activity at SCSU:
| Metric | Value |
|---|---|
| Stafford loan recipients | 35923 |
| Total Stafford loan amount | $752,986,311 |
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 | 176 |
| Total GI Bill amount | $1,731,538 |
| Average GI Bill amount per recipient | $9,838 |
DoD program volume
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 0 |
| Total DoD amount | $0 |
References
More about our data sources and methodologies.