by our College Data Analytics TeamMany students are not billed the complete price tag of a school. Rather, they are presented a financial aid deal that includes a mix of loans, grants, scholarships, and possibly work-study opportunities. The sum total of attendance at Southern University at New Orleans can sound tremendous, but do not forget that almost all students get some type of financial help.
Just what financial aid solutions can SUNO provide, and just what are you going to be eligible for? Keep reading for answers. Scroll down to discover just how much financial aid could be open 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 Southern University at New Orleans.
Financial assistance, available as scholarships, loans, and work-study, is a way schools lower the price of attendance so many students can enroll. Some kinds of aid are clearly preferable to others, and outcomes differ across students.
At Southern University at New Orleans, 91% of first-time, full-time freshmen received some form of financial aid around 137 incoming students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 89% | $11,231 |
| Institutional grants & scholarships | 33% | $8,877 |
| Federal Pell grants | 83% | $6,954 |
| State/local grants | 38% | $2,504 |
| Federal student loans | 60% | $3,534 |
Grants and scholarships are the most valuable form of aid because, unlike loans, they never have to be repaid. At SUNO, roughly 47% of undergraduates were awarded an average grant or scholarship of $7,863 (across roughly 830 recipients).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 47% | $7,863 |
| Federal Pell grants | 42% | $5,698 |
| Federal student loans | 39% | $3,725 |
For on-campus title-IV students, average grant aid came to $9,095.
Need-based aid means lower-income families typically pay far less than the sticker price suggests.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $15,247 |
| $30,001 – $75,000 | $16,748 |
Each amount is the average cost remaining once grant aid is subtracted, by income band.
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 | $14,810 |
| Off-campus title-IV students | $15,260 |
For a customized cost estimate, visit SUNO’s official net price calculator: www.suno.edu/page/net-price-calculator.
A typical borrower at SUNO leaves with $19,500 of federal borrowing.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $19,500 |
| Median federal debt (graduates only) | $31,000 |
| Typical 10-year monthly payment (graduates) | $328.65/mo |
That monthly figure reflects the median graduate debt repaid on a standard 10-year federal schedule.
The median alone does not show how widely outcomes vary across the student body. Use the percentiles below to see the debt range at SUNO.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,500 |
| 25th percentile | $7,329 |
| 75th percentile | $33,750 |
| 90th percentile (highest-debt students) | $45,941 |
Outcomes differ by income bracket, by first-generation status, and by whether a student is financially dependent.
Debt by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $20,500 |
| Middle income | $17,248 |
| High income | $15,625 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $19,500 |
| Continuing-generation students | $20,119 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $16,000 |
| Independent students | $24,022 |
Federal data publishes pre-calculated indicators that summarize debt outcomes. SUNO.
The Stafford loan program is the largest source of federal direct loans to undergraduates. These figures summarize annual Stafford program activity at SUNO:
| Metric | Value |
|---|---|
| Stafford loan recipients | 17670 |
| Total Stafford loan amount | $564,382,417 |
Military-affiliated students can tap the Post-9/11 GI Bill and DoD Tuition Assistance.
Post-9/11 GI Bill recipients
| Metric | Value |
|---|---|
| GI Bill recipients | 17 |
| Total GI Bill amount | $90,920 |
| Average GI Bill amount per recipient | $5,348 |
Active-duty Tuition Assistance recipients
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 0 |
| Total DoD amount | $0 |
References
More about our data sources and methodologies.