by our College Data Analytics TeamA lot of 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 Walsh College can seem tremendous, but do not forget that almost all students are given some form of financial help.
What financial aid options can Walsh offer, and what will you qualify for? Keep reading for more information. Keep going 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. Read on to get a sense of the financial assistance available at Walsh College.
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.
Because grants and scholarships do not have to be repaid, they are the most sought-after type of financial aid. Across the undergraduate body at Walsh, roughly 68% of undergraduates were awarded grant or scholarship aid averaging $5,202 (across roughly 385 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 68% | $5,202 |
| Federal Pell grants | 35% | $3,623 |
| Federal student loans | 49% | $8,856 |
The median federal debt load at Walsh comes to $12,500 of federal student loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $12,500 |
| Median federal debt (graduates only) | $16,217 |
| Typical 10-year monthly payment (graduates) | $171.93/mo |
Under a standard ten-year plan, the median graduate’s monthly payment lands near the figure above.
Looking only at the median can be misleading because it hides the spread. The figures below chart the debt distribution at Walsh.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,300 |
| 25th percentile | $6,250 |
| 75th percentile | $20,796 |
| 90th percentile (highest-debt students) | $28,539 |
How much a student borrows depends heavily on family income, first-gen status, and dependency.
Debt by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $13,500 |
| Middle income | $12,500 |
| High income | $12,000 |
First-Gen vs Continuing-Gen Median Debt
| Cohort | Median federal debt |
|---|---|
| First-generation students | $12,500 |
| Continuing-generation students | $12,500 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $10,535 |
| Independent students | $14,752 |
The figure below distills the debt data into a single burden category for Walsh.
The Stafford program is the federal direct-loan vehicle most undergraduates use. The annual Stafford volume below reflects program activity at Walsh:
| Metric | Value |
|---|---|
| Stafford loan recipients | 7481 |
| Total Stafford loan amount | $231,677,609 |
GI Bill and DoD Tuition Assistance are the two federal aid programs targeted at military-affiliated students.
GI Bill volume
| Metric | Value |
|---|---|
| GI Bill recipients | 34 |
| Total GI Bill amount | $409,295 |
| Average GI Bill amount per recipient | $12,038 |
DoD program volume
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 1 |
| Total DoD amount | $3,500 |
| Average DoD amount per recipient | $3,500 |
References
More about our data sources and methodologies.