by our College Data Analytics TeamMany students will never be charged 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 price of attendance at Utica University can feel tremendous, but do not forget that almost all students receive some sort of financial help.
What financial assistance options will Utica College offer, and what will you qualify for? Read on for more information. Keep reading to learn just how much financial aid will be open to you.
The amount of financial aid and scholarships you are eligible for will vary depending on your family’s income. Continue reading to find information to help you understand just how much assistance you can expect to receive from Utica University.
Financial assistance, available as scholarships, loans, and work-study, is a way schools lower the price of attendance so many students can enroll. However, some types of aid are more desirable than others, and some students will receive more than others.
At Utica University, 99% of the incoming full-time class was awarded financial aid some 571 first-years).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 99% | $16,758 |
| Institutional grants & scholarships | 97% | $12,321 |
| Federal Pell grants | 50% | $5,585 |
| State/local grants | 48% | $3,553 |
| Federal student loans | 73% | $10,802 |
Grants and scholarships are the most valuable form of aid because, unlike loans, they never have to be repaid. Here, roughly 76% of the undergraduate population received grant aid that averaged $14,024 (among about 1983 undergraduates).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 76% | $14,024 |
| Federal Pell grants | 33% | $5,478 |
| Federal student loans | 66% | $10,500 |
For students living on campus and receiving title-IV aid, grants averaged $18,097.
Because need-based aid scales with family income, what students actually pay differs sharply across income brackets.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $15,613 |
| $30,001 – $75,000 | $17,630 |
| Over $75,000 | $26,312 |
These figures reflect what title-IV aid recipients pay after grant and scholarship aid is applied.
After grants and scholarships come off the published price, what remains is the net price — the best estimate of true out-of-pocket cost.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $19,108 |
| Off-campus title-IV students | $21,869 |
For an estimate tailored to your family circumstances, see Utica College’s net price calculator: www.utica.edu/tuition-and-financial-aid/net-price-calculator.
Graduating students at Utica College carry a median federal student debt of $17,538 of federal borrowing.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $17,538 |
| Median federal debt (graduates only) | $22,500 |
| Typical 10-year monthly payment (graduates) | $238.54/mo |
At a typical 10-year repayment schedule, the median graduate would pay about the monthly figure above.
The numbers below show the full range, not just the middle of the distribution. The figures below chart the debt distribution at Utica College.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,914 |
| 25th percentile | $6,500 |
| 75th percentile | $26,000 |
| 90th percentile (highest-debt students) | $31,000 |
Median debt varies by family income, by first-generation status, and by dependency status.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $16,244 |
| Middle income | $17,750 |
| High income | $18,750 |
First-Gen vs Continuing-Gen Median Debt
| Cohort | Median federal debt |
|---|---|
| First-generation students | $17,563 |
| Continuing-generation students | $17,343 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $17,750 |
| Independent students | $16,813 |
These indicators are derived from the underlying debt data and summarize the overall picture at Utica College.
The Stafford loan program is the largest source of federal direct loans to undergraduates. Below is the annual Stafford program activity at Utica College:
| Metric | Value |
|---|---|
| Stafford loan recipients | 20023 |
| Total Stafford loan amount | $428,565,555 |
Military-affiliated students can tap the Post-9/11 GI Bill and DoD Tuition Assistance.
GI Bill volume
| Metric | Value |
|---|---|
| GI Bill recipients | 157 |
| Total GI Bill amount | $991,999 |
| Average GI Bill amount per recipient | $6,318 |
Active-duty Tuition Assistance recipients
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 0 |
| Total DoD amount | $0 |
References
More about our data sources and methodologies.