by our College Data Analytics TeamThe majority of students will not be asked to pay 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 total price of attendance at Spalding University can feel overwhelming, but bear in mind that many students receive some sort of financial aid.
Just what financial aid solutions can Spalding provide, and just what are you going to be eligible for? Keep reading for answers. Keep going to discover what amount of financial assistance could be accessible to you.
Eligibility for aid and scholarships is driven mostly by your household’s income and need. Read on to get a sense of the financial assistance available at Spalding 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 incoming first-year students at Spalding University, 100% of the incoming full-time class was awarded financial aid (about 114 first-years).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 100% | $19,429 |
| Institutional grants & scholarships | 100% | $12,301 |
| Federal Pell grants | 46% | $5,560 |
| State/local grants | 68% | $6,314 |
| Federal student loans | 82% | $5,436 |
Because grants and scholarships do not have to be repaid, they are the most sought-after type of financial aid. At Spalding, roughly 88% of undergrads got grants or scholarships worth on average $14,588 (across roughly 645 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 88% | $14,588 |
| Federal Pell grants | 36% | $5,649 |
| Federal student loans | 59% | $7,182 |
For on-campus title-IV students, average grant aid came to $20,039.
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 | $20,549 |
| $30,001 – $75,000 | $21,395 |
| Over $75,000 | $27,780 |
Remember these are net prices — what families pay after gift aid, not before.
Net price is the cost remaining after grant and scholarship aid is subtracted from the sticker price, and it is the most useful single number for estimating real cost.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $25,491 |
| Off-campus title-IV students | $24,264 |
To get a personalized net price estimate, try Spalding’s net price calculator: npc.spalding.edu/.
The median student at Spalding graduates with $20,500 of cumulative federal debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $20,500 |
| Median federal debt (graduates only) | $25,250 |
| Typical 10-year monthly payment (graduates) | $267.69/mo |
The 10-year payment estimate assumes a standard federal repayment plan and the median graduate debt amount.
The median alone does not show how widely outcomes vary across the student body. The percentiles below describe the cumulative federal debt distribution for borrowers at Spalding.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $4,534 |
| 25th percentile | $7,250 |
| 75th percentile | $26,750 |
| 90th percentile (highest-debt students) | $36,000 |
Outcomes differ by income bracket, by first-generation status, and by whether a student is financially dependent.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $23,000 |
| Middle income | $19,874 |
| High income | $19,500 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $21,000 |
| Continuing-generation students | $19,500 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $19,250 |
| Independent students | $25,000 |
These indicators are derived from the underlying debt data and summarize the overall picture at Spalding.
The Stafford program is the federal direct-loan vehicle most undergraduates use. The totals below capture Stafford lending at Spalding:
| Metric | Value |
|---|---|
| Stafford loan recipients | 9240 |
| Total Stafford loan amount | $348,657,938 |
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 | 43 |
| Total GI Bill amount | $543,974 |
| Average GI Bill amount per recipient | $12,651 |
References
More about our data sources and methodologies.