by our College Data Analytics TeamMost students are not billed the full sticker price of a school. Rather, they are offered a financial aid plan that includes a mix of loans, grants, scholarships, and possibly work-study opportunities. The total cost of going to University of Wisconsin-Milwaukee Flex can seem overpowering, but remember that the majority of students are given some form of financial assistance.
Just what financial aid solutions can UWM Flexible Option provide, and just what are you going to be eligible for? Keep reading for answers. Keep reading to discover what amount of financial assistance could be accessible to you.
Eligibility for aid and scholarships is driven mostly by your household’s income and need. Use the information below to understand how much financial assistance you may get from University of Wisconsin-Milwaukee Flex.
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.
Grants and scholarships are the most valuable form of aid because, unlike loans, they never have to be repaid. At UWM Flexible Option, about 41% of undergraduates were awarded an average grant or scholarship of $2,477 (across roughly 240 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 41% | $2,477 |
| Federal Pell grants | 18% | $3,239 |
| Federal student loans | 29% | $4,749 |
A typical borrower at UWM Flexible Option leaves with $15,250 in federal loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $15,250 |
| Median federal debt (graduates only) | $23,000 |
| Typical 10-year monthly payment (graduates) | $243.84/mo |
Spreading the median graduate debt over a standard 10-year repayment schedule works out to roughly the monthly payment shown above.
The numbers below show the full range, not just the middle of the distribution. The percentiles below describe the cumulative federal debt distribution for borrowers at UWM Flexible Option.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,954 |
| 25th percentile | $6,250 |
| 75th percentile | $28,000 |
| 90th percentile (highest-debt students) | $37,367 |
Median debt varies by family income, by first-generation status, and by dependency status.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $16,500 |
| Middle income | $15,492 |
| High income | $14,750 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $15,625 |
| Continuing-generation students | $14,808 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $15,000 |
| Independent students | $15,954 |
These indicators are derived from the underlying debt data and summarize the overall picture at UWM Flexible Option.
Stafford loans are the federal government’s primary direct undergraduate lending program. Below is the annual Stafford program activity at UWM Flexible Option:
| Metric | Value |
|---|---|
| Stafford loan recipients | 86791 |
| Total Stafford loan amount | $1,902,717,565 |
The GI Bill and DoD Tuition Assistance are the main federal aid routes for veterans and service members.
Post-9/11 GI Bill activity
| Metric | Value |
|---|---|
| GI Bill recipients | 11 |
| Total GI Bill amount | $23,372 |
| Average GI Bill amount per recipient | $2,125 |
Active-duty Tuition Assistance recipients
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 0 |
| Total DoD amount | $0 |
References
More about our data sources and methodologies.