by our College Data Analytics TeamThe majority of students are not billed 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 Truman State University can feel overpowering, but remember that the majority of students receive some sort of financial assistance.
Just what financial aid solutions can Truman State deliver, and just what are you going to be eligible for? Keep reading for answers. Read on 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. Use the information below to understand how much financial assistance you may get from Truman State University.
Colleges use loans, grants, scholarships and work-study to minimize what students actually pay out of pocket. Keep in mind that certain forms of assistance are more beneficial than others, and aid amounts differ from student to student.
For incoming first-year students at Truman State University, 100% of first-time, full-time freshmen received some form of financial aid (about 643 incoming students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 100% | $12,186 |
| Institutional grants & scholarships | 100% | $9,452 |
| Federal Pell grants | 24% | $5,390 |
| State/local grants | 51% | $2,634 |
| Federal student loans | 38% | $4,979 |
Gift aid — grants and scholarships — beats loans every time because none of it has to be repaid. At Truman State, approximately 75% of undergraduates were awarded grant or scholarship aid averaging $10,678 (for some 2478 recipients).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 75% | $10,678 |
| Federal Pell grants | 17% | $5,254 |
| Federal student loans | 27% | $5,969 |
For on-campus title-IV students, average grant aid came to $12,335.
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 | $7,434 |
| $30,001 – $75,000 | $9,637 |
| Over $75,000 | $15,383 |
Each figure is the net price after grants and scholarships, not the published sticker price.
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 | $12,780 |
| Off-campus title-IV students | $12,030 |
For a personalized estimate based on your family’s financial situation, use Truman State’s online cost calculator: www.truman.edu/admission-cost/net-price-calculator/step-1/.
The middle student in the debt distribution at Truman State owes $16,679 of federal borrowing.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $16,679 |
| Median federal debt (graduates only) | $21,000 |
| Typical 10-year monthly payment (graduates) | $222.63/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. Use the percentiles below to see the debt range at Truman State.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $4,000 |
| 25th percentile | $7,500 |
| 75th percentile | $27,000 |
| 90th percentile (highest-debt students) | $32,000 |
How much a student borrows depends heavily on family income, first-gen status, and dependency.
Debt by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $14,000 |
| Middle income | $16,609 |
| High income | $18,000 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $17,000 |
| Continuing-generation students | $16,293 |
Dependent vs Independent Students
| Cohort | Median federal debt |
|---|---|
| Dependent students | $16,899 |
| Independent students | $11,368 |
The Department of Education computes summary indicators that describe debt outcomes at a glance. Truman State.
Most undergraduate borrowing runs through the federal Stafford loan program. The totals below capture Stafford lending at Truman State:
| Metric | Value |
|---|---|
| Stafford loan recipients | 12485 |
| Total Stafford loan amount | $201,705,743 |
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 | 11 |
| Total GI Bill amount | $85,463 |
| Average GI Bill amount per recipient | $7,769 |
Active-duty Tuition Assistance recipients
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 8 |
| Total DoD amount | $25,407 |
| Average DoD amount per recipient | $3,176 |
References
More about our data sources and methodologies.