by our College Data Analytics TeamA large number of students will not be asked to pay 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 sum total of attendance at Touro University can sound overwhelming, but bear in mind that many students get some type of financial aid.
Just what financial aid solutions can Touro provide, and just what are you going to be eligible for? Keep reading for answers. Keep reading to find out what amount of financial assistance will be accessible 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 Touro 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. Note that some aid is more valuable than the rest, and individual awards are far from uniform.
At Touro University, 88% of first-time, full-time freshmen received some form of financial aid some 369 students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 86% | $10,121 |
| Institutional grants & scholarships | 80% | $6,369 |
| Federal Pell grants | 37% | $5,788 |
| State/local grants | 33% | $3,451 |
| Federal student loans | 24% | $5,887 |
Unlike loans, grants and scholarships are gift aid that does not need to be paid back, making them the most desirable form of assistance. Here, some 67% of the undergraduate population received grant aid that averaged $9,872 (among about 3370 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 67% | $9,872 |
| Federal Pell grants | 30% | $5,527 |
| Federal student loans | 24% | $7,883 |
For students living on campus and receiving title-IV aid, grants averaged $10,873.
The figures below show the average net price — cost after all grant and scholarship aid — broken out by family income.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $23,910 |
| $30,001 – $75,000 | $25,525 |
| Over $75,000 | $31,174 |
The numbers above are post-aid net prices, so they already account for grants and scholarships.
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 | $29,627 |
| Off-campus title-IV students | $26,556 |
To get a personalized net price estimate, try Touro’s net price calculator: npc.collegeboard.org/app/touro.
Graduating students at Touro carry a median federal student debt of $12,500 of federal borrowing.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $12,500 |
| Median federal debt (graduates only) | $15,547 |
| Typical 10-year monthly payment (graduates) | $164.82/mo |
That monthly figure reflects the median graduate debt repaid on a standard 10-year federal schedule.
The median alone does not show how widely outcomes vary across the student body. The figures below chart the debt distribution at Touro.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,000 |
| 25th percentile | $5,500 |
| 75th percentile | $23,349 |
| 90th percentile (highest-debt students) | $34,791 |
Outcomes differ by income bracket, by first-generation status, and by whether a student is financially dependent.
Debt by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $12,750 |
| Middle income | $12,500 |
| High income | $11,829 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $12,750 |
| Continuing-generation students | $12,500 |
Dependent vs Independent Students
| Cohort | Median federal debt |
|---|---|
| Dependent students | $11,000 |
| Independent students | $14,250 |
The Department of Education computes summary indicators that describe debt outcomes at a glance. Touro.
Most undergraduate borrowing runs through the federal Stafford loan program. The annual Stafford volume below reflects program activity at Touro:
| Metric | Value |
|---|---|
| Stafford loan recipients | 37056 |
| Total Stafford loan amount | $1,501,893,063 |
The GI Bill and DoD Tuition Assistance are the main federal aid routes for veterans and service members.
Post-9/11 GI Bill recipients
| Metric | Value |
|---|---|
| GI Bill recipients | 37 |
| Total GI Bill amount | $599,020 |
| Average GI Bill amount per recipient | $16,190 |
DoD program volume
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 1 |
| Total DoD amount | $2,250 |
| Average DoD amount per recipient | $2,250 |
References
More about our data sources and methodologies.