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 total cost of going to Suffolk University can seem overpowering, but remember that the majority of students are given some form of financial assistance.
Just what financing solutions does Suffolk provide, and just what are you going to be eligible for? Keep scrolling for answers. Keep reading to find out how much school funding will be available to you.
Your financial aid package, which may contain grants and scholarships, will be determined on your financial need. Read on to get a sense of the financial assistance available at Suffolk 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. Bear in mind that not all aid is equal, and the amount any one student receives can vary widely.
Looking at the entering class at Suffolk University, 98% of the incoming full-time class was awarded financial aid roughly 1187 first-years).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 98% | $31,558 |
| Institutional grants & scholarships | 98% | $28,125 |
| Federal Pell grants | 37% | $5,809 |
| State/local grants | 24% | $4,235 |
| Federal student loans | 57% | $5,635 |
Because grants and scholarships do not have to be repaid, they are the most sought-after type of financial aid. At Suffolk, roughly 94% of the undergraduate population received grant aid that averaged $28,742 (across roughly 4232 awardees).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 94% | $28,742 |
| Federal Pell grants | 30% | $5,645 |
| Federal student loans | 55% | $6,771 |
For on-campus title-IV students, average grant aid came to $35,663.
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 | $26,056 |
| $30,001 – $75,000 | $26,968 |
| Over $75,000 | $33,704 |
The numbers above are post-aid net prices, so they already account for grants and scholarships.
The net price strips out grant and scholarship aid from the sticker price to show roughly what families really pay.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $29,618 |
| Off-campus title-IV students | $30,031 |
For a customized cost estimate, visit Suffolk’s NPC: suffolk.studentaidcalculator.com/survey.aspx.
The middle student in the debt distribution at Suffolk owes $20,500 in federal student debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $20,500 |
| Median federal debt (graduates only) | $26,889 |
| Typical 10-year monthly payment (graduates) | $285.07/mo |
At a typical 10-year repayment schedule, the median graduate would pay about the monthly figure above.
Looking only at the median can be misleading because it hides the spread. The four reference points below map the debt distribution at Suffolk.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $5,500 |
| 25th percentile | $8,286 |
| 75th percentile | $27,000 |
| 90th percentile (highest-debt students) | $34,804 |
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 | $22,635 |
| Middle income | $22,750 |
| High income | $19,500 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $21,500 |
| Continuing-generation students | $19,000 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $20,000 |
| Independent students | $25,000 |
The Department of Education computes summary indicators that describe debt outcomes at a glance. Suffolk.
Stafford loans are the federal government’s primary direct undergraduate lending program. The totals below capture Stafford lending at Suffolk:
| Metric | Value |
|---|---|
| Stafford loan recipients | 28225 |
| Total Stafford loan amount | $900,279,799 |
If you are a veteran or active-duty service member, the GI Bill and DoD Tuition Assistance are the primary federal programs you can use at this school.
Post-9/11 GI Bill recipients
| Metric | Value |
|---|---|
| GI Bill recipients | 86 |
| Total GI Bill amount | $2,444,323 |
| Average GI Bill amount per recipient | $28,422 |
References
More about our data sources and methodologies.