by our College Data Analytics TeamA lot of students will never be charged the complete price tag of a school. Rather, they are presented a financial aid deal that includes a mix of loans, grants, scholarships, and possibly work-study opportunities. The sum total of attendance at University of Nebraska at Kearney can sound overpowering, but remember that the majority of students get some type of financial assistance.
What financial assistance options will UNK offer, and what will you qualify for? Read on for more information. Read on to see what amount of financial assistance could be accessible to you.
Your financial aid package, which may contain grants and scholarships, will be determined on your financial need. Read on to get a sense of the financial assistance available at University of Nebraska at Kearney.
Financial assistance, available as scholarships, loans, and work-study, is a way schools lower the price of attendance so many students can enroll. Bear in mind that not all aid is equal, and the amount any one student receives can vary widely.
Among first-time, full-time freshmen at University of Nebraska at Kearney, 96% of first-year full-time students received aid of some kind around 858 freshmen).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 89% | $9,776 |
| Institutional grants & scholarships | 85% | $6,757 |
| Federal Pell grants | 38% | $5,201 |
| State/local grants | 21% | $4,592 |
| Federal student loans | 38% | $5,056 |
Grants and scholarships are the most valuable form of aid because, unlike loans, they never have to be repaid. At UNK, some 82% of undergraduates were awarded an average grant or scholarship of $11,172 (among about 3451 awardees).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 82% | $11,172 |
| Federal Pell grants | 37% | $5,008 |
| Federal student loans | 35% | $5,957 |
On-campus students receiving title-IV aid were awarded grants averaging $9,566.
Since aid is largely need-based, the real cost of attendance falls steeply for lower-income families.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $13,374 |
| $30,001 – $75,000 | $14,149 |
| Over $75,000 | $19,668 |
These figures reflect what title-IV aid recipients pay after grant and scholarship aid is applied.
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 | $16,242 |
| Off-campus title-IV students | $16,488 |
For a customized cost estimate, visit UNK’s official net price calculator: www.unk.edu/NetPriceCalculator/npcalc.htm.
The median federal debt load at UNK comes to $13,070 of federal student loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $13,070 |
| Median federal debt (graduates only) | $19,500 |
| Typical 10-year monthly payment (graduates) | $206.73/mo |
That monthly figure reflects the median graduate debt repaid on a standard 10-year federal schedule.
Percentiles reveal the spread — half of all borrowers fall between the 25th and 75th percentiles. The percentiles below describe the cumulative federal debt distribution for borrowers at UNK.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,750 |
| 25th percentile | $5,500 |
| 75th percentile | $24,500 |
| 90th percentile (highest-debt students) | $31,500 |
The figures below break down median federal debt by income tier, first-generation status, and dependency.
Debt by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $13,350 |
| Middle income | $12,000 |
| High income | $14,230 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $13,000 |
| Continuing-generation students | $13,500 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $13,000 |
| Independent students | $13,433 |
The Department of Education computes summary indicators that describe debt outcomes at a glance. UNK.
Stafford loans make up the bulk of federal direct lending to undergraduates. The aggregate figures below show how active the program is at UNK:
| Metric | Value |
|---|---|
| Stafford loan recipients | 18913 |
| Total Stafford loan amount | $343,161,894 |
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 | 67 |
| Total GI Bill amount | $340,728 |
| Average GI Bill amount per recipient | $5,085 |
Active-duty Tuition Assistance recipients
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 30 |
| Total DoD amount | $86,403 |
| Average DoD amount per recipient | $2,880 |
References
More about our data sources and methodologies.