by our College Data Analytics TeamMost 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 price tag of going to University of Akron Main Campus can appear overwhelming, but bear in mind that many students obtain some kind of financial aid.
Just what financing solutions does University of Akron Main Campus deliver, and just what are you going to be eligible for? Keep scrolling for answers. Keep reading to see just how much financial aid could be open to you.
How much aid you qualify for depends largely on your family’s financial circumstances. The information provided on this page can help you determine how much aid you may receive from University of Akron Main Campus.
Financial assistance, available as scholarships, loans, and work-study, is a way schools lower the price of attendance so many students can enroll. Note that some aid is more valuable than the rest, and individual awards are far from uniform.
For freshmen starting at University of Akron Main Campus, 97% of new full-time first-years were awarded at least some aid (about 1980 freshmen).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 95% | $11,551 |
| Institutional grants & scholarships | 92% | $8,032 |
| Federal Pell grants | 42% | $5,460 |
| State/local grants | 33% | $3,067 |
| Federal student loans | 42% | $5,320 |
Grants and scholarships are the most valuable form of aid because, unlike loans, they never have to be repaid. Here, some 67% of undergrads got grants or scholarships worth on average $9,319 (covering around 7711 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 67% | $9,319 |
| Federal Pell grants | 29% | $5,339 |
| Federal student loans | 32% | $6,456 |
On-campus students receiving title-IV aid were awarded grants averaging $12,338.
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 | $12,418 |
| $30,001 – $75,000 | $13,559 |
| Over $75,000 | $18,934 |
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 | $13,946 |
| Off-campus title-IV students | $14,981 |
For a personalized estimate based on your family’s financial situation, use University of Akron Main Campus’s online cost calculator: 1st-aid.org/schools/2447/surveys/new.
A typical borrower at University of Akron Main Campus leaves with $15,250 of cumulative federal debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $15,250 |
| Median federal debt (graduates only) | $23,250 |
| Typical 10-year monthly payment (graduates) | $246.49/mo |
Spreading the median graduate debt over a standard 10-year repayment schedule works out to roughly the monthly payment shown above.
Percentiles reveal the spread — half of all borrowers fall between the 25th and 75th percentiles. The four reference points below map the debt distribution at University of Akron Main Campus.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,500 |
| 25th percentile | $5,529 |
| 75th percentile | $29,250 |
| 90th percentile (highest-debt students) | $42,775 |
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 | $15,750 |
| Middle income | $16,250 |
| High income | $14,191 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $15,500 |
| Continuing-generation students | $14,719 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $15,000 |
| Independent students | $18,000 |
A handful of calculated indicators summarize the debt outlook at University of Akron Main Campus.
Stafford loans are the federal government’s primary direct undergraduate lending program. The aggregate figures below show how active the program is at University of Akron Main Campus:
| Metric | Value |
|---|---|
| Stafford loan recipients | 82370 |
| Total Stafford loan amount | $2,072,371,805 |
Military-affiliated students can tap the Post-9/11 GI Bill and DoD Tuition Assistance.
GI Bill volume
| Metric | Value |
|---|---|
| GI Bill recipients | 189 |
| Total GI Bill amount | $1,699,334 |
| Average GI Bill amount per recipient | $8,991 |
Active-duty Tuition Assistance recipients
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 19 |
| Total DoD amount | $57,182 |
| Average DoD amount per recipient | $3,010 |
References
More about our data sources and methodologies.