by our College Data Analytics TeamMany 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 total cost of going to University of Mobile can seem tremendous, but do not forget that almost all students are given some form of financial help.
Just what financial assistance solutions will University of Mobile provide, and just what are you going to be eligible for? Read on for answers. Keep scrolling to find out how much school funding will be available to you.
Eligibility for aid and scholarships is driven mostly by your household’s income and need. The information provided on this page can help you determine how much aid you may receive from University of Mobile.
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.
For incoming first-year students at University of Mobile, 100% of the incoming full-time class was awarded financial aid around 288 new students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 67% | $18,733 |
| Institutional grants & scholarships | 65% | $15,307 |
| Federal Pell grants | 36% | $4,735 |
| State/local grants | 46% | $1,951 |
| Federal student loans | 39% | $5,582 |
The best aid is gift aid: grants and scholarships that carry no repayment obligation. Here, around 65% of undergraduate students received gift aid averaging $19,950 (for some 1100 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 65% | $19,950 |
| Federal Pell grants | 26% | $7,205 |
| Federal student loans | 37% | $7,060 |
Title-IV recipients living on campus saw average grant aid of $18,733.
How much a family pays depends heavily on income, because most aid is awarded on the basis of financial need.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $16,171 |
| $30,001 – $75,000 | $18,372 |
| Over $75,000 | $23,552 |
Each amount is the average cost remaining once grant aid is subtracted, by income band.
The net price represents the average annual cost a title-IV-receiving student pays after grant aid is subtracted from the full cost of attendance.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $22,382 |
| Off-campus title-IV students | $19,603 |
For a customized cost estimate, visit University of Mobile’s online cost calculator: umobile.edu/financial-aid/cost-calculator/.
A typical borrower at University of Mobile leaves with $19,000 in federal student debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $19,000 |
| Median federal debt (graduates only) | $26,500 |
| Typical 10-year monthly payment (graduates) | $280.94/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. These percentiles trace how cumulative federal debt is spread among borrowers at University of Mobile.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,750 |
| 25th percentile | $6,500 |
| 75th percentile | $28,092 |
| 90th percentile (highest-debt students) | $41,352 |
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 | $22,223 |
| Middle income | $18,750 |
| High income | $14,300 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $19,940 |
| Continuing-generation students | $16,357 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $15,250 |
| Independent students | $25,000 |
Federal data publishes pre-calculated indicators that summarize debt outcomes. University of Mobile.
Most undergraduate borrowing runs through the federal Stafford loan program. The annual Stafford volume below reflects program activity at University of Mobile:
| Metric | Value |
|---|---|
| Stafford loan recipients | 9177 |
| Total Stafford loan amount | $266,045,656 |
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 | 17 |
| Total GI Bill amount | $100,567 |
| Average GI Bill amount per recipient | $5,916 |
Active-duty Tuition Assistance recipients
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 0 |
| Total DoD amount | $0 |
References
More about our data sources and methodologies.