by our College Data Analytics TeamA lot of students will never be charged 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 University of Montevallo can feel overpowering, but remember that the majority of students receive some sort of financial assistance.
Just what financing solutions does Montevallo provide, and just what are you going to be eligible for? Keep scrolling for answers. Read on to discover just how much financial aid could be open to you.
Your financial aid package, which may contain grants and scholarships, will be determined on your financial need. Use the information below to understand how much financial assistance you may get from University of Montevallo.
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 freshmen starting at University of Montevallo, 99% of the incoming full-time class was awarded financial aid around 495 new students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 99% | $12,823 |
| Institutional grants & scholarships | 98% | $10,231 |
| Federal Pell grants | 40% | $6,193 |
| State/local grants | 7% | $1,607 |
| Federal student loans | 54% | $5,191 |
Gift aid — grants and scholarships — beats loans every time because none of it has to be repaid. At this school, some 76% of undergraduates were awarded an average grant or scholarship of $13,504 (for some 1929 recipients).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 76% | $13,504 |
| Federal Pell grants | 32% | $6,111 |
| Federal student loans | 41% | $6,479 |
Among title-IV aid recipients living on campus, grant and scholarship aid averaged $9,715.
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 | $14,092 |
| $30,001 – $75,000 | $16,413 |
| Over $75,000 | $20,337 |
These figures reflect what title-IV aid recipients pay after grant and scholarship aid is applied.
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 | $17,683 |
| Off-campus title-IV students | $17,053 |
To project your own net price, use Montevallo’s official net price calculator: www.montevallo.edu/NetPriceCalculator/.
The middle student in the debt distribution at Montevallo owes $16,000 in federal loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $16,000 |
| Median federal debt (graduates only) | $24,000 |
| Typical 10-year monthly payment (graduates) | $254.44/mo |
That monthly figure reflects the median graduate debt repaid on a standard 10-year federal schedule.
The median alone does not show how widely outcomes vary across the student body. The four reference points below map the debt distribution at Montevallo.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,750 |
| 25th percentile | $6,500 |
| 75th percentile | $27,000 |
| 90th percentile (highest-debt students) | $36,000 |
Outcomes differ by income bracket, by first-generation status, and by whether a student is financially dependent.
Debt by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $15,745 |
| Middle income | $19,500 |
| High income | $14,625 |
First-Gen vs Continuing-Gen Median Debt
| Cohort | Median federal debt |
|---|---|
| First-generation students | $17,000 |
| Continuing-generation students | $14,800 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $15,372 |
| Independent students | $18,750 |
Federal data publishes pre-calculated indicators that summarize debt outcomes. Montevallo.
Stafford loans are the federal government’s primary direct undergraduate lending program. These figures summarize annual Stafford program activity at Montevallo:
| Metric | Value |
|---|---|
| Stafford loan recipients | 11097 |
| Total Stafford loan amount | $240,985,451 |
GI Bill and DoD Tuition Assistance are the two federal aid programs targeted at military-affiliated students.
GI Bill volume
| Metric | Value |
|---|---|
| GI Bill recipients | 23 |
| Total GI Bill amount | $452,696 |
| Average GI Bill amount per recipient | $19,682 |
DoD Tuition Assistance activity
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 9 |
| Total DoD amount | $26,273 |
| Average DoD amount per recipient | $2,919 |
References
More about our data sources and methodologies.