by our College Data Analytics TeamThe majority of students are not billed 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 Utah can feel overpowering, but remember that the majority of students receive some sort of financial assistance.
Just what financial assistance solutions will U of U provide, and just what are you going to be eligible for? Read on for answers. Keep scrolling to see 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. The figures below will help you estimate the aid you might receive from University of Utah.
Financial assistance, available as scholarships, loans, and work-study, is a way schools lower the price of attendance so many students can enroll. Keep in mind that certain forms of assistance are more beneficial than others, and aid amounts differ from student to student.
At University of Utah, 79% of the incoming full-time class was awarded financial aid roughly 4218 students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 73% | $12,744 |
| Institutional grants & scholarships | 69% | $11,587 |
| Federal Pell grants | 18% | $5,407 |
| State/local grants | 17% | $2,065 |
| Federal student loans | 20% | $5,074 |
Because grants and scholarships do not have to be repaid, they are the most sought-after type of financial aid. Here, some 60% of the undergraduate population received grant aid that averaged $10,995 (among about 16031 awardees).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 60% | $10,995 |
| Federal Pell grants | 20% | $5,399 |
| Federal student loans | 21% | $6,484 |
For students living on campus and receiving title-IV aid, grants averaged $9,357.
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 | $10,531 |
| $30,001 – $75,000 | $11,650 |
| Over $75,000 | $17,134 |
These figures reflect what title-IV aid recipients pay after grant and scholarship aid is applied.
The net price represents the average annual cost a title-IV-receiving student pays after grant aid is subtracted from the full cost of attendance.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $16,200 |
| Off-campus title-IV students | $13,172 |
To get a personalized net price estimate, try U of U’s online cost calculator: financialaid.utah.edu/tuition-and-fees/cost-calculator.php.
A typical borrower at U of U leaves with $14,000 of federal student loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $14,000 |
| Median federal debt (graduates only) | $19,000 |
| Typical 10-year monthly payment (graduates) | $201.43/mo |
The 10-year payment estimate assumes a standard federal repayment plan and the median graduate debt amount.
Percentiles reveal the spread — half of all borrowers fall between the 25th and 75th percentiles. The figures below chart the debt distribution at U of U.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,000 |
| 25th percentile | $5,500 |
| 75th percentile | $23,054 |
| 90th percentile (highest-debt students) | $34,500 |
Median debt varies by family income, by first-generation status, and by dependency status.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $14,500 |
| Middle income | $14,783 |
| High income | $13,000 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $14,003 |
| Continuing-generation students | $13,618 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $13,000 |
| Independent students | $16,625 |
The figure below distills the debt data into a single burden category for U of U.
Most undergraduate borrowing runs through the federal Stafford loan program. The totals below capture Stafford lending at U of U:
| Metric | Value |
|---|---|
| Stafford loan recipients | 59890 |
| Total Stafford loan amount | $1,607,298,219 |
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 | 503 |
| Total GI Bill amount | $6,365,194 |
| Average GI Bill amount per recipient | $12,654 |
Active-duty Tuition Assistance recipients
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 0 |
| Total DoD amount | $0 |
References
More about our data sources and methodologies.