by our College Data Analytics TeamThe majority of 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 St Thomas can appear overwhelming, but bear in mind that many students obtain some kind of financial aid.
Just what financing solutions does UST MN provide, and just what are you going to be eligible for? Keep scrolling for answers. Keep reading to discover how much school funding could be available 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 St Thomas.
Colleges use loans, grants, scholarships and work-study to minimize what students actually pay out of pocket. Note that some aid is more valuable than the rest, and individual awards are far from uniform.
Among first-time, full-time freshmen at University of St Thomas, 98% of new full-time first-years were awarded at least some aid around 1644 freshmen).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 95% | $35,587 |
| Institutional grants & scholarships | 95% | $31,582 |
| Federal Pell grants | 29% | $5,507 |
| State/local grants | 38% | $5,757 |
| Federal student loans | 46% | $5,198 |
Because grants and scholarships do not have to be repaid, they are the most sought-after type of financial aid. At UST MN, some 94% of undergraduate students received gift aid averaging $33,855 (covering around 5666 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 94% | $33,855 |
| Federal Pell grants | 22% | $5,421 |
| Federal student loans | 44% | $6,273 |
On-campus students receiving title-IV aid were awarded grants averaging $36,961.
The figures below show the average net price — cost after all grant and scholarship aid — broken out by family income.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $26,981 |
| $30,001 – $75,000 | $26,698 |
| Over $75,000 | $33,288 |
The numbers above are post-aid net prices, so they already account for grants and scholarships.
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 | $29,155 |
| Off-campus title-IV students | $30,525 |
To project your own net price, use UST MN’s official net price calculator: www.stthomas.edu/financialaid/undergraduate/resources/netpricecalculator/.
The median student at UST MN graduates with $19,500 of federal borrowing.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $19,500 |
| Median federal debt (graduates only) | $23,250 |
| Typical 10-year monthly payment (graduates) | $246.49/mo |
Under a standard ten-year plan, the median graduate’s monthly payment lands near the figure above.
The numbers below show the full range, not just the middle of the distribution. The figures below chart the debt distribution at UST MN.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $5,500 |
| 25th percentile | $11,000 |
| 75th percentile | $27,000 |
| 90th percentile (highest-debt students) | $31,000 |
Outcomes differ by income bracket, by first-generation status, and by whether a student is financially dependent.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $18,000 |
| Middle income | $20,500 |
| High income | $19,500 |
First-Gen vs Continuing-Gen Median Debt
| Cohort | Median federal debt |
|---|---|
| First-generation students | $19,500 |
| Continuing-generation students | $19,500 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $19,500 |
| Independent students | $17,350 |
The figure below distills the debt data into a single burden category for UST MN.
Stafford loans make up the bulk of federal direct lending to undergraduates. The totals below capture Stafford lending at UST MN:
| Metric | Value |
|---|---|
| Stafford loan recipients | 25369 |
| Total Stafford loan amount | $685,994,046 |
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 | 118 |
| Total GI Bill amount | $2,229,259 |
| Average GI Bill amount per recipient | $18,892 |
DoD Tuition Assistance activity
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 30 |
| Total DoD amount | $88,820 |
| Average DoD amount per recipient | $2,961 |
References
More about our data sources and methodologies.