by our College Data Analytics TeamMost 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 sum total of attendance at Vincennes University can sound tremendous, but do not forget that almost all students get some type of financial help.
What financial aid options can Vincennes University offer you, and what will you qualify for? Keep reading for more information. Keep scrolling to discover 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. Continue reading to find information to help you understand just how much assistance you can expect to receive from Vincennes University.
Through a mix of loans, grants, work-study and scholarships, schools bring down the effective cost so more students can attend. Some kinds of aid are clearly preferable to others, and outcomes differ across students.
At Vincennes University, 88% of entering full-time freshmen got some type of financial assistance some 981 new students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 83% | $9,090 |
| Institutional grants & scholarships | 61% | $3,618 |
| Federal Pell grants | 44% | $5,966 |
| State/local grants | 47% | $5,617 |
| Federal student loans | 36% | $5,204 |
Unlike loans, grants and scholarships are gift aid that does not need to be paid back, making them the most desirable form of assistance. Across the undergraduate body at Vincennes University, around 15% of the undergraduate population received grant aid that averaged $8,960 (among about 2714 awardees).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 15% | $8,960 |
| Federal Pell grants | 9% | $5,938 |
| Federal student loans | 7% | $6,107 |
Title-IV recipients living on campus saw average grant aid of $10,085.
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 | $7,074 |
| $30,001 – $75,000 | $10,082 |
| Over $75,000 | $15,362 |
Each amount is the average cost remaining once grant aid is subtracted, by income band.
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 | $11,225 |
| Off-campus title-IV students | $10,215 |
To get a personalized net price estimate, try Vincennes University’s official net price calculator: www.vinu.edu/financial-services/net-price-calculator.html.
The median federal debt load at Vincennes University comes to $9,227 of federal student loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $9,227 |
| Median federal debt (graduates only) | $12,000 |
| Typical 10-year monthly payment (graduates) | $127.22/mo |
That monthly figure reflects the median graduate debt repaid on a standard 10-year federal schedule.
Looking only at the median can be misleading because it hides the spread. The four reference points below map the debt distribution at Vincennes University.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,750 |
| 25th percentile | $4,829 |
| 75th percentile | $15,250 |
| 90th percentile (highest-debt students) | $25,072 |
The figures below break down median federal debt by income tier, first-generation status, and dependency.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $9,433 |
| Middle income | $9,500 |
| High income | $8,750 |
First-Gen vs Continuing-Gen Median Debt
| Cohort | Median federal debt |
|---|---|
| First-generation students | $9,311 |
| Continuing-generation students | $8,815 |
Dependent vs Independent Students
| Cohort | Median federal debt |
|---|---|
| Dependent students | $8,250 |
| Independent students | $10,500 |
These indicators are derived from the underlying debt data and summarize the overall picture at Vincennes University.
Stafford loans are the federal government’s primary direct undergraduate lending program. The aggregate figures below show how active the program is at Vincennes University:
| Metric | Value |
|---|---|
| Stafford loan recipients | 31924 |
| Total Stafford loan amount | $408,791,004 |
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 | 77 |
| Total GI Bill amount | $509,432 |
| Average GI Bill amount per recipient | $6,616 |
DoD program volume
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 106 |
| Total DoD amount | $243,729 |
| Average DoD amount per recipient | $2,299 |
References
More about our data sources and methodologies.