by our College Data Analytics TeamMany 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 total price of attendance at University of the Cumberlands can feel overwhelming, but bear in mind that many students receive some sort of financial aid.
Just what financial aid solutions can Cumberlands provide, and just what are you going to be eligible for? Keep reading for answers. 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. The figures below will help you estimate the aid you might receive from University of the Cumberlands.
Financial assistance, available as scholarships, loans, and work-study, is a way schools lower the price of attendance so many students can enroll. Some kinds of aid are clearly preferable to others, and outcomes differ across students.
Among first-time, full-time freshmen at University of the Cumberlands, 99% of new full-time first-years were awarded at least some aid around 612 first-years).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 99% | $11,293 |
| Institutional grants & scholarships | 83% | $4,557 |
| Federal Pell grants | 53% | $5,589 |
| State/local grants | 59% | $7,228 |
| Federal student loans | 60% | $4,860 |
Gift aid — grants and scholarships — beats loans every time because none of it has to be repaid. At Cumberlands, roughly 77% of undergraduate students received gift aid averaging $5,458 (for some 4708 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 77% | $5,458 |
| Federal Pell grants | 53% | $2,899 |
| Federal student loans | 68% | $3,293 |
Among title-IV aid recipients living on campus, grant and scholarship aid averaged $11,460.
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 | $5,192 |
| $30,001 – $75,000 | $9,150 |
| Over $75,000 | $18,161 |
Each amount is the average cost remaining once grant aid is subtracted, by income band.
The net price strips out grant and scholarship aid from the sticker price to show roughly what families really pay.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $14,107 |
| Off-campus title-IV students | $11,286 |
To get a personalized net price estimate, try Cumberlands’s net price calculator: www.ucumberlands.edu/npc.
The median student at Cumberlands graduates with $8,592 in federal loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $8,592 |
| Median federal debt (graduates only) | $14,911 |
| Typical 10-year monthly payment (graduates) | $158.08/mo |
The 10-year payment estimate assumes a standard federal repayment plan and the median graduate debt amount.
The numbers below show the full range, not just the middle of the distribution. The figures below chart the debt distribution at Cumberlands.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,180 |
| 25th percentile | $4,000 |
| 75th percentile | $18,644 |
| 90th percentile (highest-debt students) | $27,000 |
How much a student borrows depends heavily on family income, first-gen status, and dependency.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $7,773 |
| Middle income | $9,112 |
| High income | $9,500 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $8,432 |
| Continuing-generation students | $9,475 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $9,500 |
| Independent students | $8,116 |
The figure below distills the debt data into a single burden category for Cumberlands.
The Stafford program is the federal direct-loan vehicle most undergraduates use. Below is the annual Stafford program activity at Cumberlands:
| Metric | Value |
|---|---|
| Stafford loan recipients | 22961 |
| Total Stafford loan amount | $461,226,548 |
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 | 112 |
| Total GI Bill amount | $228,548 |
| Average GI Bill amount per recipient | $2,041 |
DoD Tuition Assistance activity
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 26 |
| Total DoD amount | $21,335 |
| Average DoD amount per recipient | $821 |
References
More about our data sources and methodologies.