by our College Data Analytics TeamThe majority of 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 sum total of attendance at St Luke’s College can sound overpowering, but remember that the majority of students get some type of financial assistance.
What financial aid options can St Luke’s College offer you, and what will you qualify for? Keep reading for more information. Scroll down to discover how much school funding could be available to you.
How much aid you qualify for depends largely on your family’s financial circumstances. Use the information below to understand how much financial assistance you may get from St Luke’s College.
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 St Luke’s College, 100% of new full-time first-years were awarded at least some aid approximately 5 incoming students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 80% | $9,784 |
| Institutional grants & scholarships | 80% | $3,000 |
| Federal Pell grants | 60% | $3,578 |
| State/local grants | 40% | $8,000 |
| Federal student loans | 80% | $4,948 |
Gift aid — grants and scholarships — beats loans every time because none of it has to be repaid. At this school, around 88% of undergraduate students received gift aid averaging $7,520 (across roughly 173 recipients).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 88% | $7,520 |
| Federal Pell grants | 50% | $4,936 |
| Federal student loans | 77% | $6,771 |
For students living on campus and receiving title-IV aid, grants averaged $7,827.
Need-based aid means lower-income families typically pay far less than the sticker price suggests.
| Family Income | Average Net Price |
|---|---|
| $30,001 – $75,000 | $8,623 |
| Over $75,000 | $21,818 |
These figures reflect what title-IV aid recipients pay after grant and scholarship aid is applied.
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 | $19,820 |
| Off-campus title-IV students | $13,021 |
To get a personalized net price estimate, try St Luke’s College’s net price calculator: www.stlukescollege.edu/net-price-calculator.aspx.
Graduating students at St Luke’s College carry a median federal student debt of $13,000 of federal student loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $13,000 |
| Median federal debt (graduates only) | $15,000 |
| Typical 10-year monthly payment (graduates) | $159.02/mo |
Under a standard ten-year plan, the median graduate’s monthly payment lands near the figure above.
The median alone does not show how widely outcomes vary across the student body. Use the percentiles below to see the debt range at St Luke’s College.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,750 |
| 25th percentile | $6,500 |
| 75th percentile | $20,000 |
| 90th percentile (highest-debt students) | $26,000 |
Median debt varies by family income, by first-generation status, and by dependency status.
Debt by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $14,375 |
| Middle income | $13,390 |
| High income | $12,000 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $13,445 |
| Continuing-generation students | $12,000 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $12,000 |
| Independent students | $20,000 |
The figure below distills the debt data into a single burden category for St Luke’s College.
Stafford loans are the federal government’s primary direct undergraduate lending program. The aggregate figures below show how active the program is at St Luke’s College:
| Metric | Value |
|---|---|
| Stafford loan recipients | 942 |
| Total Stafford loan amount | $13,297,965 |
The GI Bill and DoD Tuition Assistance are the main federal aid routes for veterans and service members.
GI Bill volume
| Metric | Value |
|---|---|
| GI Bill recipients | 4 |
| Total GI Bill amount | $78,862 |
| Average GI Bill amount per recipient | $19,716 |
References
More about our data sources and methodologies.