by our College Data Analytics TeamThe majority of students will not be asked to pay 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 price tag of going to University of Nevada-Las Vegas can appear overwhelming, but bear in mind that many students obtain some kind of financial aid.
What financial assistance options will UNLV offer you, and what will you qualify for? Read on for more information. Keep reading to see just how much financial aid could be open to you.
How much aid you qualify for depends largely on your family’s financial circumstances. Use the information below to understand how much financial assistance you may get from University of Nevada-Las Vegas.
Aid such as grants, loans, work-study, and scholarships helps colleges decrease the real cost of attendance for most students. However, some types of aid are more desirable than others, and some students will receive more than others.
Among first-time, full-time freshmen at University of Nevada-Las Vegas, 94% of first-time, full-time freshmen received some form of financial aid approximately 4237 first-years).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 90% | $7,717 |
| Institutional grants & scholarships | 69% | $3,598 |
| Federal Pell grants | 50% | $5,942 |
| State/local grants | 68% | $2,006 |
| Federal student loans | 26% | $4,859 |
Unlike loans, grants and scholarships are gift aid that does not need to be paid back, making them the most desirable form of assistance. Here, approximately 73% of the undergraduate population received grant aid that averaged $7,040 (covering around 18859 awardees).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 73% | $7,040 |
| Federal Pell grants | 40% | $5,567 |
| Federal student loans | 25% | $8,295 |
For on-campus title-IV students, average grant aid came to $9,279.
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 | $8,287 |
| $30,001 – $75,000 | $9,576 |
| Over $75,000 | $14,895 |
Each amount is the average cost remaining once grant aid is subtracted, by income band.
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 | $10,359 |
| Off-campus title-IV students | $10,011 |
To get a personalized net price estimate, try UNLV’s net price tool: cashiering.unlv.edu/undergrad_calc.html.
The median student at UNLV graduates with $12,500 of cumulative federal debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $12,500 |
| Median federal debt (graduates only) | $19,450 |
| Typical 10-year monthly payment (graduates) | $206.2/mo |
At a typical 10-year repayment schedule, the median graduate would pay about the monthly figure above.
Percentiles reveal the spread — half of all borrowers fall between the 25th and 75th percentiles. The figures below chart the debt distribution at UNLV.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,250 |
| 25th percentile | $5,500 |
| 75th percentile | $24,000 |
| 90th percentile (highest-debt students) | $34,500 |
Median debt varies by family income, by first-generation status, and by dependency status.
Debt by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $12,500 |
| Middle income | $12,000 |
| High income | $12,000 |
First-Gen vs Continuing-Gen Median Debt
| Cohort | Median federal debt |
|---|---|
| First-generation students | $12,456 |
| Continuing-generation students | $12,500 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $11,000 |
| Independent students | $16,334 |
A handful of calculated indicators summarize the debt outlook at UNLV.
Stafford loans are the federal government’s primary direct undergraduate lending program. The totals below capture Stafford lending at UNLV:
| Metric | Value |
|---|---|
| Stafford loan recipients | 63774 |
| Total Stafford loan amount | $1,641,846,636 |
Veterans and active-duty service members may qualify for the Post-9/11 GI Bill or DoD Tuition Assistance.
GI Bill volume
| Metric | Value |
|---|---|
| GI Bill recipients | 848 |
| Total GI Bill amount | $6,448,339 |
| Average GI Bill amount per recipient | $7,604 |
Active-duty Tuition Assistance recipients
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 59 |
| Total DoD amount | $104,953 |
| Average DoD amount per recipient | $1,779 |
References
More about our data sources and methodologies.