by our College Data Analytics TeamA lot of 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 total cost of going to Winona State University can seem tremendous, but do not forget that almost all students are given some form of financial help.
What financial aid options can Winona State offer you, and what will you qualify for? Keep reading for more information. Keep going to see what amount of financial assistance could be accessible to you.
Your financial aid package, which may contain grants and scholarships, will be determined on your financial need. Read on to get a sense of the financial assistance available at Winona State University.
Aid such as grants, loans, work-study, and scholarships helps colleges decrease the real cost of attendance for most students. Note that some aid is more valuable than the rest, and individual awards are far from uniform.
At Winona State University, 98% of the incoming full-time class was awarded financial aid some 1122 freshmen).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 96% | $5,375 |
| Institutional grants & scholarships | 92% | $2,642 |
| Federal Pell grants | 26% | $4,945 |
| State/local grants | 31% | $4,129 |
| Federal student loans | 57% | $5,301 |
Unlike loans, grants and scholarships are gift aid that does not need to be paid back, making them the most desirable form of assistance. At Winona State, approximately 71% of undergrads got grants or scholarships worth on average $6,161 (among about 3743 undergraduates).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 71% | $6,161 |
| Federal Pell grants | 24% | $4,759 |
| Federal student loans | 49% | $6,142 |
For on-campus title-IV students, average grant aid came to $6,180.
Need-based aid means lower-income families typically pay far less than the sticker price suggests.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $11,906 |
| $30,001 – $75,000 | $14,423 |
| Over $75,000 | $20,672 |
These figures reflect what title-IV aid recipients pay after grant and scholarship aid is applied.
Net price is the cost remaining after grant and scholarship aid is subtracted from the sticker price, and it is the most useful single number for estimating real cost.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $17,503 |
| Off-campus title-IV students | $18,148 |
For a personalized estimate based on your family’s financial situation, use Winona State’s net price calculator: www.minnstate.edu/admissions/calculator/winona.html.
Graduating students at Winona State carry a median federal student debt of $15,000 in federal student debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $15,000 |
| Median federal debt (graduates only) | $21,500 |
| Typical 10-year monthly payment (graduates) | $227.94/mo |
That monthly figure reflects the median graduate debt repaid on a standard 10-year federal schedule.
The numbers below show the full range, not just the middle of the distribution. The figures below chart the debt distribution at Winona State.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $4,500 |
| 25th percentile | $7,607 |
| 75th percentile | $27,000 |
| 90th percentile (highest-debt students) | $31,000 |
The figures below break down median federal debt by income tier, first-generation status, and dependency.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $14,000 |
| Middle income | $15,000 |
| High income | $15,000 |
First-Gen vs Continuing-Gen Median Debt
| Cohort | Median federal debt |
|---|---|
| First-generation students | $14,566 |
| Continuing-generation students | $15,250 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $15,000 |
| Independent students | $14,130 |
A handful of calculated indicators summarize the debt outlook at Winona State.
Stafford loans are the federal government’s primary direct undergraduate lending program. The annual Stafford volume below reflects program activity at Winona State:
| Metric | Value |
|---|---|
| Stafford loan recipients | 25533 |
| Total Stafford loan amount | $423,036,457 |
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 activity
| Metric | Value |
|---|---|
| GI Bill recipients | 34 |
| Total GI Bill amount | $240,045 |
| Average GI Bill amount per recipient | $7,060 |
DoD program volume
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 27 |
| Total DoD amount | $75,781 |
| Average DoD amount per recipient | $2,807 |
References
More about our data sources and methodologies.