by our College Data Analytics TeamA lot 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 cost of going to Utah State University can seem overwhelming, but bear in mind that many students are given some form of financial aid.
What financial aid options can USU offer, and what will you qualify for? Keep reading for more information. Scroll down 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. Use the information below to understand how much financial assistance you may get from Utah State University.
Colleges use loans, grants, scholarships and work-study to minimize what students actually pay out of pocket. Bear in mind that not all aid is equal, and the amount any one student receives can vary widely.
For incoming first-year students at Utah State University, 92% of first-time, full-time freshmen received some form of financial aid (about 3645 incoming students).Type of Aid % of Freshmen Receiving Average Amount Grant or scholarship aid (all sources) 90% $8,685 Institutional grants & scholarships 73% $7,600 Federal Pell grants 23% $7,133 State/local grants 22% $1,780 Federal student loans 19% $4,944
The best aid is gift aid: grants and scholarships that carry no repayment obligation. At USU, approximately 53% of undergraduates were awarded grant or scholarship aid averaging $8,347 (across approximately 13359 students).Award % of Undergrads Receiving Average Amount Grant or scholarship aid (all sources) 53% $8,347 Federal Pell grants 26% $6,882 Federal student loans 19% $6,373
On-campus students receiving title-IV aid were awarded grants averaging $6,718.
Need-based aid means lower-income families typically pay far less than the sticker price suggests.Family Income Average Net Price $0 – $48,000 $9,753 $30,001 – $75,000 $10,916 Over $75,000 $16,281
Each figure is the net price after grants and scholarships, not the published sticker price.
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 $14,936 Off-campus title-IV students $12,869
For a customized cost estimate, visit USU’s net price tool: www.usu.edu/admissions/costs-and-aid/.
The median student at USU graduates with $9,500 of federal student loans.Metric Amount Median federal debt (all student-aid borrowers) $9,500 Median federal debt (graduates only) $14,340 Typical 10-year monthly payment (graduates) $152.03/mo
Under a standard ten-year plan, the median graduate’s monthly payment lands near the figure above.
The median alone does not show how widely outcomes vary across the student body. Use the percentiles below to see the debt range at USU.Percentile Cumulative Federal Debt 10th percentile (lowest-debt students) $2,500 25th percentile $4,000 75th percentile $17,125 90th percentile (highest-debt students) $27,500
Median debt varies by family income, by first-generation status, and by dependency status.
Debt by Income TierIncome tier Median federal debt Low income $10,255 Middle income $9,782 High income $8,750
First-Generation ComparisonCohort Median federal debt First-generation students $10,000 Continuing-generation students $8,750
Dependency-Status ComparisonCohort Median federal debt Dependent students $8,433 Independent students $11,000
The Department of Education computes summary indicators that describe debt outcomes at a glance. USU.
Stafford loans make up the bulk of federal direct lending to undergraduates. The annual Stafford volume below reflects program activity at USU:Metric Value Stafford loan recipients 46284 Total Stafford loan amount $722,010,130
GI Bill and DoD Tuition Assistance are the two federal aid programs targeted at military-affiliated students.
GI Bill volumeMetric Value GI Bill recipients 427 Total GI Bill amount $3,082,391 Average GI Bill amount per recipient $7,219
DoD Tuition Assistance activityMetric Value DoD Tuition Assistance recipients 151 Total DoD amount $490,687 Average DoD amount per recipient $3,250
References
More about our data sources and methodologies.