by our College Data Analytics TeamMany students are not billed the full sticker price of a school. Rather, they are offered a financial aid plan that includes a mix of loans, grants, scholarships, and possibly work-study opportunities. The price tag of going to University of Akron Wayne College can appear overwhelming, but bear in mind that many students obtain some kind of financial aid.
Just what financial aid solutions can University of Akron Wayne College 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.
Eligibility for aid and scholarships is driven mostly by your household’s income and need. Use the information below to understand how much financial assistance you may get from University of Akron Wayne College.
Colleges use loans, grants, scholarships and work-study to minimize what students actually pay out of pocket. However, some types of aid are more desirable than others, and some students will receive more than others.
For freshmen starting at University of Akron Wayne College, 94% of first-year full-time students received aid of some kind approximately 116 students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 93% | $8,296 |
| Institutional grants & scholarships | 91% | $6,219 |
| Federal Pell grants | 36% | $5,496 |
| State/local grants | 1% | $1,600 |
| Federal student loans | 11% | $5,613 |
Gift aid — grants and scholarships — beats loans every time because none of it has to be repaid. At this school, around 28% of the undergraduate population received grant aid that averaged $6,459 (for some 387 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 28% | $6,459 |
| Federal Pell grants | 12% | $4,998 |
| Federal student loans | 9% | $6,846 |
Among title-IV aid recipients living on campus, grant and scholarship aid averaged $9,961.
Because need-based aid scales with family income, what students actually pay differs sharply across income brackets.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $8,301 |
| $30,001 – $75,000 | $9,411 |
| Over $75,000 | $13,370 |
The numbers above are post-aid net prices, so they already account for grants and scholarships.
Net price is the average annual cost after grants and scholarships are subtracted from the published cost of attendance — the figure closest to what a typical aid-receiving student actually pays.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $6,032 |
| Off-campus title-IV students | $9,717 |
For a customized cost estimate, visit University of Akron Wayne College’s net price tool: 1st-aid.org/schools/2447/surveys/new.
The median student at University of Akron Wayne College graduates with $15,250 of federal borrowing.
| 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 |
That monthly figure reflects the median graduate debt repaid on a standard 10-year federal schedule.
The numbers below show the full range, not just the middle of the distribution. Use the percentiles below to see the debt range at University of Akron Wayne College.
| 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.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $15,750 |
| Middle income | $16,250 |
| High income | $14,191 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $15,500 |
| Continuing-generation students | $14,719 |
Dependent vs Independent Students
| Cohort | Median federal debt |
|---|---|
| Dependent students | $15,000 |
| Independent students | $18,000 |
The figure below distills the debt data into a single burden category for University of Akron Wayne College.
Most undergraduate borrowing runs through the federal Stafford loan program. The annual Stafford volume below reflects program activity at University of Akron Wayne College:
| Metric | Value |
|---|---|
| Stafford loan recipients | 82370 |
| Total Stafford loan amount | $2,072,371,805 |
If you are a veteran or active-duty service member, the GI Bill and DoD Tuition Assistance are the primary federal programs you can use at this school.
GI Bill volume
| Metric | Value |
|---|---|
| GI Bill recipients | 8 |
| Total GI Bill amount | $52,445 |
| Average GI Bill amount per recipient | $6,556 |
Active-duty Tuition Assistance recipients
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 0 |
| Total DoD amount | $0 |
References
More about our data sources and methodologies.