by our College Data Analytics TeamMany students will never be charged 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 Arkansas at Monticello can appear overpowering, but remember that the majority of students obtain some kind of financial assistance.
Just what financing solutions does UAM provide, and just what are you going to be eligible for? Keep scrolling for answers. Scroll down to discover what amount of financial assistance could be accessible to you.
How much aid you qualify for depends largely on your family’s financial circumstances. Continue reading to find information to help you understand just how much assistance you can expect to receive from University of Arkansas at Monticello.
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.
Looking at the entering class at University of Arkansas at Monticello, 98% of first-time, full-time freshmen received some form of financial aid (about 454 new students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 96% | $7,812 |
| Institutional grants & scholarships | 60% | $4,809 |
| Federal Pell grants | 66% | $6,189 |
| State/local grants | 33% | $1,372 |
| Federal student loans | 41% | $5,005 |
Grants and scholarships are the most valuable form of aid because, unlike loans, they never have to be repaid. At UAM, roughly 73% of undergraduate students received gift aid averaging $9,566 (for some 1702 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 73% | $9,566 |
| Federal Pell grants | 50% | $6,041 |
| Federal student loans | 39% | $7,401 |
Title-IV recipients living on campus saw average grant aid of $8,232.
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 | $12,784 |
| $30,001 – $75,000 | $13,447 |
| Over $75,000 | $18,244 |
Each amount is the average cost remaining once grant aid is subtracted, by income band.
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 | $14,287 |
| Off-campus title-IV students | $14,013 |
To project your own net price, use UAM’s net price calculator: www.uamont.edu/NetPrice/npcalc.htm.
Graduating students at UAM carry a median federal student debt of $11,364 in federal student debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $11,364 |
| Median federal debt (graduates only) | $19,971 |
| Typical 10-year monthly payment (graduates) | $211.73/mo |
Spreading the median graduate debt over a standard 10-year repayment schedule works out to roughly the monthly payment shown above.
The median alone does not show how widely outcomes vary across the student body. Use the percentiles below to see the debt range at UAM.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,684 |
| 25th percentile | $3,750 |
| 75th percentile | $16,126 |
| 90th percentile (highest-debt students) | $28,737 |
The figures below break down median federal debt by income tier, first-generation status, and dependency.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $11,179 |
| Middle income | $11,828 |
| High income | $11,750 |
First-Gen vs Continuing-Gen Median Debt
| Cohort | Median federal debt |
|---|---|
| First-generation students | $11,338 |
| Continuing-generation students | $11,967 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $11,000 |
| Independent students | $12,500 |
A handful of calculated indicators summarize the debt outlook at UAM.
The Stafford program is the federal direct-loan vehicle most undergraduates use. The aggregate figures below show how active the program is at UAM:
| Metric | Value |
|---|---|
| Stafford loan recipients | 14943 |
| Total Stafford loan amount | $227,557,391 |
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 | 18 |
| Total GI Bill amount | $98,809 |
| Average GI Bill amount per recipient | $5,489 |
References
More about our data sources and methodologies.