by our College Data Analytics TeamMany students are not billed the complete price tag of a school. Rather, they are presented a financial aid deal that includes a mix of loans, grants, scholarships, and possibly work-study opportunities. The sum total of attendance at William Paterson University of New Jersey can sound overwhelming, but bear in mind that many students get some type of financial aid.
Just what financing solutions does William Paterson University deliver, and just what are you going to be eligible for? Keep scrolling for answers. Read on to discover what amount of financial assistance could be accessible to you.
The amount of financial aid you can receive varies from person to person and will depend on your family’s economic situation. The figures below will help you estimate the aid you might receive from William Paterson University of New Jersey.
Aid such as grants, loans, work-study, and scholarships helps colleges decrease the real cost of attendance for most students. Keep in mind that certain forms of assistance are more beneficial than others, and aid amounts differ from student to student.
For freshmen starting at William Paterson University of New Jersey, 93% of first-time, full-time freshmen received some form of financial aid roughly 817 incoming students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 86% | $15,040 |
| Institutional grants & scholarships | 66% | $7,443 |
| Federal Pell grants | 63% | $5,969 |
| State/local grants | 50% | $8,095 |
| Federal student loans | 51% | $5,019 |
Gift aid — grants and scholarships — beats loans every time because none of it has to be repaid. Here, around 68% of undergraduates were awarded grant or scholarship aid averaging $10,234 (covering around 4472 awardees).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 68% | $10,234 |
| Federal Pell grants | 47% | $5,561 |
| Federal student loans | 43% | $6,618 |
Title-IV recipients living on campus saw average grant aid of $9,731.
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 | $16,042 |
| $30,001 – $75,000 | $17,393 |
| Over $75,000 | $22,253 |
Each figure is the net price after grants and scholarships, not the published sticker price.
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 | $18,745 |
| Off-campus title-IV students | $17,764 |
To project your own net price, use William Paterson University’s online cost calculator: www.wpunj.edu/financial-aid/net_price_calc.html.
Graduating students at William Paterson University carry a median federal student debt of $15,750 of cumulative federal debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $15,750 |
| Median federal debt (graduates only) | $22,334 |
| Typical 10-year monthly payment (graduates) | $236.78/mo |
At a typical 10-year repayment schedule, the median graduate would pay about the monthly figure above.
The median alone does not show how widely outcomes vary across the student body. The figures below chart the debt distribution at William Paterson University.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $4,500 |
| 25th percentile | $7,500 |
| 75th percentile | $27,000 |
| 90th percentile (highest-debt students) | $35,500 |
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 | $14,250 |
| Middle income | $15,500 |
| High income | $17,750 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $15,525 |
| Continuing-generation students | $16,472 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $15,174 |
| Independent students | $17,769 |
A handful of calculated indicators summarize the debt outlook at William Paterson University.
The Stafford program is the federal direct-loan vehicle most undergraduates use. The aggregate figures below show how active the program is at William Paterson University:
| Metric | Value |
|---|---|
| Stafford loan recipients | 35621 |
| Total Stafford loan amount | $691,505,521 |
Veterans and active-duty service members may qualify for the Post-9/11 GI Bill or DoD Tuition Assistance.
Post-9/11 GI Bill activity
| Metric | Value |
|---|---|
| GI Bill recipients | 97 |
| Total GI Bill amount | $836,052 |
| Average GI Bill amount per recipient | $8,619 |
DoD program volume
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 9 |
| Total DoD amount | $25,893 |
| Average DoD amount per recipient | $2,877 |
References
More about our data sources and methodologies.