by our College Data Analytics TeamA lot of students will never be charged 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 total cost of going to William Penn University can seem overpowering, but remember that the majority of students are given some form of financial assistance.
What financial aid options can William Penn University offer you, and what will you qualify for? Keep reading for more information. Read on to see 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. The information provided on this page can help you determine how much aid you may receive from William Penn University.
Colleges use loans, grants, scholarships and work-study to minimize what students actually pay out of pocket. Some kinds of aid are clearly preferable to others, and outcomes differ across students.
Looking at the entering class at William Penn University, 100% of first-year full-time students received aid of some kind some 294 freshmen).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 100% | $20,194 |
| Institutional grants & scholarships | 100% | $14,833 |
| Federal Pell grants | 54% | $5,648 |
| State/local grants | 26% | $7,291 |
| Federal student loans | 94% | $5,391 |
Because grants and scholarships do not have to be repaid, they are the most sought-after type of financial aid. At William Penn University, roughly 96% of undergraduates were awarded grant or scholarship aid averaging $19,776 (covering around 1386 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 96% | $19,776 |
| Federal Pell grants | 47% | $5,400 |
| Federal student loans | 88% | $6,919 |
For students living on campus and receiving title-IV aid, grants averaged $20,273.
Need-based aid means lower-income families typically pay far less than the sticker price suggests.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $19,499 |
| $30,001 – $75,000 | $20,573 |
| Over $75,000 | $23,725 |
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 | $22,601 |
| Off-campus title-IV students | $22,115 |
For a customized cost estimate, visit William Penn University’s online cost calculator: www.wmpenn.edu/financial-aid/net-price-calculator/.
Graduating students at William Penn University carry a median federal student debt of $12,000 of cumulative federal debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $12,000 |
| Median federal debt (graduates only) | $22,415 |
| Typical 10-year monthly payment (graduates) | $237.64/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. Use the percentiles below to see the debt range at William Penn University.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,600 |
| 25th percentile | $5,950 |
| 75th percentile | $25,563 |
| 90th percentile (highest-debt students) | $36,889 |
Outcomes differ by income bracket, by first-generation status, and by whether a student is financially dependent.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $12,500 |
| Middle income | $11,844 |
| High income | $12,039 |
First-Gen vs Continuing-Gen Median Debt
| Cohort | Median federal debt |
|---|---|
| First-generation students | $12,337 |
| Continuing-generation students | $11,274 |
Dependent vs Independent Students
| Cohort | Median federal debt |
|---|---|
| Dependent students | $11,000 |
| Independent students | $19,594 |
Federal data publishes pre-calculated indicators that summarize debt outcomes. William Penn University.
Most undergraduate borrowing runs through the federal Stafford loan program. Below is the annual Stafford program activity at William Penn University:
| Metric | Value |
|---|---|
| Stafford loan recipients | 9497 |
| Total Stafford loan amount | $188,103,562 |
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 | 14 |
| Total GI Bill amount | $272,933 |
| Average GI Bill amount per recipient | $19,495 |
DoD program volume
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 0 |
| Total DoD amount | $0 |
References
More about our data sources and methodologies.