by our College Data Analytics TeamA lot of students are not billed 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 price of attendance at Troy University can feel overwhelming, but bear in mind that many students receive some sort of financial aid.
Just what financial assistance solutions will TROY provide, and just what are you going to be eligible for? Read on for answers. Keep scrolling to see what amount of financial assistance could be accessible 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 Troy University.
Aid such as grants, loans, work-study, and scholarships helps colleges decrease the real cost of attendance for most students. Some kinds of aid are clearly preferable to others, and outcomes differ across students.
At Troy University, 96% of the incoming full-time class was awarded financial aid approximately 1390 new students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 88% | $10,363 |
| Institutional grants & scholarships | 64% | $9,370 |
| Federal Pell grants | 46% | $5,997 |
| State/local grants | 5% | $2,979 |
| Federal student loans | 83% | $3,174 |
Because grants and scholarships do not have to be repaid, they are the most sought-after type of financial aid. Across the undergraduate body at TROY, some 76% of undergraduates were awarded an average grant or scholarship of $7,690 (among about 7918 recipients).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 76% | $7,690 |
| Federal Pell grants | 43% | $5,036 |
| Federal student loans | 67% | $4,570 |
On-campus students receiving title-IV aid were awarded grants averaging $6,638.
Need-based aid means lower-income families typically pay far less than the sticker price suggests.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $12,688 |
| $30,001 – $75,000 | $13,913 |
| Over $75,000 | $14,686 |
The numbers above are post-aid net prices, so they already account for grants and scholarships.
After grants and scholarships come off the published price, what remains is the net price — the best estimate of true out-of-pocket cost.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $16,527 |
| Off-campus title-IV students | $13,869 |
To get a personalized net price estimate, try TROY’s NPC: www.troy.edu/net-price-calculator/index.html.
Graduating students at TROY carry a median federal student debt of $15,985 of cumulative federal debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $15,985 |
| Median federal debt (graduates only) | $25,000 |
| Typical 10-year monthly payment (graduates) | $265.04/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 TROY.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,130 |
| 25th percentile | $5,500 |
| 75th percentile | $29,512 |
| 90th percentile (highest-debt students) | $44,875 |
Debt outcomes are not uniform — they shift with income, first-generation status, and dependency.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $17,000 |
| Middle income | $15,000 |
| High income | $15,000 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $16,250 |
| Continuing-generation students | $15,488 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $15,000 |
| Independent students | $17,756 |
A handful of calculated indicators summarize the debt outlook at TROY.
The Stafford program is the federal direct-loan vehicle most undergraduates use. The aggregate figures below show how active the program is at TROY:
| Metric | Value |
|---|---|
| Stafford loan recipients | 84791 |
| Total Stafford loan amount | $2,634,844,783 |
Military-affiliated students can tap the Post-9/11 GI Bill and DoD Tuition Assistance.
Post-9/11 GI Bill recipients
| Metric | Value |
|---|---|
| GI Bill recipients | 792 |
| Total GI Bill amount | $5,459,060 |
| Average GI Bill amount per recipient | $6,893 |
DoD Tuition Assistance activity
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 1831 |
| Total DoD amount | $4,074,540 |
| Average DoD amount per recipient | $2,225 |
References
More about our data sources and methodologies.