by our College Data Analytics TeamMost students will not be asked to pay 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 Viterbo University can feel overwhelming, but bear in mind that many students receive some sort of financial aid.
What financial assistance options will Viterbo offer, and what will you qualify for? Read on for more information. Keep reading to learn how much school funding will be available to you.
How much aid you qualify for depends largely on your family’s financial circumstances. Continue reading to find information to help you understand just how much assistance you can expect to receive from Viterbo University.
Financial aid, in the form of loans, grants, work-study, and scholarships, is one way colleges reduce the cost of attendance so most students can actually afford to attend. Bear in mind that not all aid is equal, and the amount any one student receives can vary widely.
Looking at the entering class at Viterbo University, 100% of first-time, full-time freshmen received some form of financial aid (about 251 incoming students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 100% | $23,573 |
| Institutional grants & scholarships | 100% | $20,910 |
| Federal Pell grants | 27% | $5,283 |
| State/local grants | 26% | $3,720 |
| Federal student loans | 66% | $5,202 |
Because grants and scholarships do not have to be repaid, they are the most sought-after type of financial aid. At Viterbo, some 84% of undergraduate students received gift aid averaging $18,756 (among about 1207 undergraduates).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 84% | $18,756 |
| Federal Pell grants | 26% | $4,910 |
| Federal student loans | 58% | $7,142 |
Title-IV recipients living on campus saw average grant aid of $24,298.
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 | $17,396 |
| $30,001 – $75,000 | $19,835 |
| Over $75,000 | $24,785 |
These figures reflect what title-IV aid recipients pay after grant and scholarship aid is applied.
The net price strips out grant and scholarship aid from the sticker price to show roughly what families really pay.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $21,260 |
| Off-campus title-IV students | $22,633 |
For a customized cost estimate, visit Viterbo’s net price calculator: www.viterbo.edu/financial-aid/first-year-student-net-price-calculator.
Graduating students at Viterbo carry a median federal student debt of $19,500 in federal loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $19,500 |
| Median federal debt (graduates only) | $25,000 |
| Typical 10-year monthly payment (graduates) | $265.04/mo |
Spreading the median graduate debt over a standard 10-year repayment schedule works out to roughly the monthly payment shown above.
A single median figure conceals how much debt outcomes differ student to student. The figures below chart the debt distribution at Viterbo.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $4,500 |
| 25th percentile | $9,000 |
| 75th percentile | $28,000 |
| 90th percentile (highest-debt students) | $37,500 |
Median debt varies by family income, by first-generation status, and by dependency status.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $18,971 |
| Middle income | $18,325 |
| High income | $21,159 |
First-Gen vs Continuing-Gen Median Debt
| Cohort | Median federal debt |
|---|---|
| First-generation students | $20,310 |
| Continuing-generation students | $18,625 |
Dependent vs Independent Students
| Cohort | Median federal debt |
|---|---|
| Dependent students | $19,500 |
| Independent students | $21,757 |
The figure below distills the debt data into a single burden category for Viterbo.
Most undergraduate borrowing runs through the federal Stafford loan program. The totals below capture Stafford lending at Viterbo:
| Metric | Value |
|---|---|
| Stafford loan recipients | 9294 |
| Total Stafford loan amount | $197,483,467 |
If you are a veteran or active-duty service member, the GI Bill and DoD Tuition Assistance are the primary federal programs you can use at this school.
Post-9/11 GI Bill recipients
| Metric | Value |
|---|---|
| GI Bill recipients | 23 |
| Total GI Bill amount | $389,816 |
| Average GI Bill amount per recipient | $16,949 |
Active-duty Tuition Assistance recipients
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 3 |
| Total DoD amount | $5,500 |
| Average DoD amount per recipient | $1,833 |
References
More about our data sources and methodologies.