by our College Data Analytics TeamA large number of students will not be asked to pay 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 price tag of going to Stetson University can appear overwhelming, but bear in mind that many students obtain some kind of financial aid.
Just what financial aid solutions can Stetson deliver, and just what are you going to be eligible for? Keep reading for answers. Read on to discover 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. Continue reading to find information to help you understand just how much assistance you can expect to receive from Stetson University.
Financial assistance, available as scholarships, loans, and work-study, is a way schools lower the price of attendance so many students can enroll. Keep in mind that certain forms of assistance are more beneficial than others, and aid amounts differ from student to student.
Looking at the entering class at Stetson University, 100% of first-time, full-time freshmen received some form of financial aid some 636 new students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 100% | $52,360 |
| Institutional grants & scholarships | 100% | $45,601 |
| Federal Pell grants | 40% | $5,966 |
| State/local grants | 63% | $5,997 |
| Federal student loans | 49% | $5,025 |
Grants and scholarships are the most valuable form of aid because, unlike loans, they never have to be repaid. At Stetson, approximately 97% of undergrads got grants or scholarships worth on average $46,863 (covering around 2271 recipients).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 97% | $46,863 |
| Federal Pell grants | 37% | $5,915 |
| Federal student loans | 46% | $6,081 |
On-campus students receiving title-IV aid were awarded grants averaging $53,161.
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 | $17,052 |
| $30,001 – $75,000 | $17,725 |
| Over $75,000 | $28,834 |
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 | $19,372 |
| Off-campus title-IV students | $21,318 |
For an estimate tailored to your family circumstances, see Stetson’s official net price calculator: stetson.wbnpc.com/.
Graduating students at Stetson carry a median federal student debt of $15,000 in federal loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $15,000 |
| Median federal debt (graduates only) | $23,250 |
| Typical 10-year monthly payment (graduates) | $246.49/mo |
Spreading the median graduate debt over a standard 10-year repayment schedule works out to roughly the monthly payment shown above.
Looking only at the median can be misleading because it hides the spread. The figures below chart the debt distribution at Stetson.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $4,750 |
| 25th percentile | $6,500 |
| 75th percentile | $27,250 |
| 90th percentile (highest-debt students) | $36,500 |
The figures below break down median federal debt by income tier, first-generation status, and dependency.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $16,000 |
| Middle income | $15,000 |
| High income | $15,000 |
First-Gen vs Continuing-Gen Median Debt
| Cohort | Median federal debt |
|---|---|
| First-generation students | $14,750 |
| Continuing-generation students | $16,500 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $15,000 |
| Independent students | $18,000 |
The figure below distills the debt data into a single burden category for Stetson.
Stafford loans make up the bulk of federal direct lending to undergraduates. Below is the annual Stafford program activity at Stetson:
| Metric | Value |
|---|---|
| Stafford loan recipients | 16261 |
| Total Stafford loan amount | $598,376,820 |
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 | 76 |
| Total GI Bill amount | $2,018,703 |
| Average GI Bill amount per recipient | $26,562 |
Active-duty Tuition Assistance recipients
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 1 |
| Total DoD amount | $3,500 |
| Average DoD amount per recipient | $3,500 |
References
More about our data sources and methodologies.