by our College Data Analytics TeamA large number of students are not billed the advertised price of a school. Instead, they will be provided a financial aid package that will include a combination of scholarships, grants, loans, and work-study. The price tag of going to The University of Texas Permian Basin can appear overwhelming, but bear in mind that many students obtain some kind of financial aid.
Just what financial aid solutions can UT Permian Basin deliver, and just what are you going to be eligible for? Keep reading for answers. Keep going to learn how much school funding will be available to you.
How much aid you qualify for depends largely on your family’s financial circumstances. Read on to get a sense of the financial assistance available at The University of Texas Permian Basin.
Colleges use loans, grants, scholarships and work-study to minimize what students actually pay out of pocket. However, some types of aid are more desirable than others, and some students will receive more than others.
Among first-time, full-time freshmen at The University of Texas Permian Basin, 98% of first-time, full-time freshmen received some form of financial aid some 613 incoming students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 97% | $9,269 |
| Institutional grants & scholarships | 90% | $3,929 |
| Federal Pell grants | 49% | $5,103 |
| State/local grants | 52% | $5,613 |
| Federal student loans | 22% | $5,002 |
Grants and scholarships are the most valuable form of aid because, unlike loans, they never have to be repaid. At UT Permian Basin, approximately 65% of the undergraduate population received grant aid that averaged $8,453 (across roughly 2974 undergraduates).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 65% | $8,453 |
| Federal Pell grants | 39% | $5,250 |
| Federal student loans | 29% | $838 |
For students living on campus and receiving title-IV aid, grants averaged $11,163.
Need-based aid means lower-income families typically pay far less than the sticker price suggests.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $7,765 |
| $30,001 – $75,000 | $8,476 |
| Over $75,000 | $13,782 |
Each figure is the net price after grants and scholarships, not the published sticker price.
Net price is the average annual cost after grants and scholarships are subtracted from the published cost of attendance — the figure closest to what a typical aid-receiving student actually pays.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $12,723 |
| Off-campus title-IV students | $9,144 |
For a customized cost estimate, visit UT Permian Basin’s online cost calculator: www.utpb.edu/admissions-aid/cost-calculators.
Graduating students at UT Permian Basin carry a median federal student debt of $12,285 of federal borrowing.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $12,285 |
| Median federal debt (graduates only) | $17,750 |
| Typical 10-year monthly payment (graduates) | $188.18/mo |
That monthly figure reflects the median graduate debt repaid on a standard 10-year federal schedule.
Percentiles reveal the spread — half of all borrowers fall between the 25th and 75th percentiles. The percentiles below describe the cumulative federal debt distribution for borrowers at UT Permian Basin.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,100 |
| 25th percentile | $4,150 |
| 75th percentile | $16,670 |
| 90th percentile (highest-debt students) | $24,309 |
Outcomes differ by income bracket, by first-generation status, and by whether a student is financially dependent.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $11,501 |
| Middle income | $12,750 |
| High income | $11,746 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $12,285 |
| Continuing-generation students | $12,343 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $10,000 |
| Independent students | $13,555 |
A handful of calculated indicators summarize the debt outlook at UT Permian Basin.
Most undergraduate borrowing runs through the federal Stafford loan program. The aggregate figures below show how active the program is at UT Permian Basin:
| Metric | Value |
|---|---|
| Stafford loan recipients | 12816 |
| Total Stafford loan amount | $214,091,582 |
Veterans and active-duty service members may qualify for the Post-9/11 GI Bill or DoD Tuition Assistance.
GI Bill volume
| Metric | Value |
|---|---|
| GI Bill recipients | 60 |
| Total GI Bill amount | $440,664 |
| Average GI Bill amount per recipient | $7,344 |
DoD program volume
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 0 |
| Total DoD amount | $0 |
References
More about our data sources and methodologies.