by our College Data Analytics TeamA lot of students will never be charged the full, advertised sticker price of a school. Instead, they will be given a financial aid offer that will include a combination of scholarships, grants, loans, and work-study. The total price of attendance at Transylvania University can feel overwhelming, but bear in mind that many students receive some sort of financial aid.
Just what financial aid solutions can Transylvania provide, and just what are you going to be eligible for? Keep reading for answers. Keep reading to learn just how much financial aid will be open 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 Transylvania University.
Through a mix of loans, grants, work-study and scholarships, schools bring down the effective cost so more students can attend. Bear in mind that not all aid is equal, and the amount any one student receives can vary widely.
For freshmen starting at Transylvania University, 100% of entering full-time freshmen got some type of financial assistance (about 280 freshmen).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 100% | $35,903 |
| Institutional grants & scholarships | 100% | $29,670 |
| Federal Pell grants | 29% | $5,526 |
| State/local grants | 83% | $5,408 |
| Federal student loans | 46% | $5,266 |
Because grants and scholarships do not have to be repaid, they are the most sought-after type of financial aid. Here, about 98% of undergraduates were awarded grant or scholarship aid averaging $34,032 (across approximately 1001 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 98% | $34,032 |
| Federal Pell grants | 26% | $5,277 |
| Federal student loans | 47% | $6,360 |
Title-IV recipients living on campus saw average grant aid of $39,080.
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 | $17,289 |
| $30,001 – $75,000 | $19,797 |
| Over $75,000 | $27,506 |
Each amount is the average cost remaining once grant aid is subtracted, by income band.
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 | $21,913 |
| Off-campus title-IV students | $23,560 |
For an estimate tailored to your family circumstances, see Transylvania’s net price calculator: [tcc.ruffalonl.com/Transylvania University/Freshmen Students](https://tcc.ruffalonl.com/Transylvania University/Freshmen Students).
The median federal debt load at Transylvania comes to $20,000 of federal student loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $20,000 |
| Median federal debt (graduates only) | $27,000 |
| Typical 10-year monthly payment (graduates) | $286.24/mo |
Under a standard ten-year plan, the median graduate’s monthly payment lands near the figure above.
Looking only at the median can be misleading because it hides the spread. Use the percentiles below to see the debt range at Transylvania.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $4,625 |
| 25th percentile | $9,128 |
| 75th percentile | $27,590 |
| 90th percentile (highest-debt students) | $37,000 |
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 | $19,500 |
| Middle income | $20,905 |
| High income | $20,435 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $20,000 |
| Continuing-generation students | $19,818 |
Federal data publishes pre-calculated indicators that summarize debt outcomes. Transylvania.
The Stafford program is the federal direct-loan vehicle most undergraduates use. Below is the annual Stafford program activity at Transylvania:
| Metric | Value |
|---|---|
| Stafford loan recipients | 3306 |
| Total Stafford loan amount | $52,559,638 |
GI Bill and DoD Tuition Assistance are the two federal aid programs targeted at military-affiliated students.
GI Bill volume
| Metric | Value |
|---|---|
| GI Bill recipients | 9 |
| Total GI Bill amount | $287,050 |
| Average GI Bill amount per recipient | $31,894 |
References
More about our data sources and methodologies.