Financial Aid
Approximately 47 percent of all undergraduate students receive some type of financial assistance in a typical year. This aid is composed of grants, work-study, and loans (including athletic grants and parent loans). In 2007-08, approximately 6,435 undergraduate students received aid from all sources totaling $88.6 million. About 43 percent of this amount, $38.5 million, comes from University funds, including $8.8 million from athletics grants-in-aid and $29.6 million from other University sources.
Financial Aid, 2007-08
Aidfrom grants, work study, and loans (unless otherwise stated, these figures represent all types of aid including athletic aid and Parent Plus loans). |
| |
In-State |
Out-of-State |
| 1st-year students receiving any type of aid |
58% |
48% |
| Average aid package of those receiving aid |
$8,937 |
$20,041 |
| 1st-year students receiving need-based aid |
25% |
24% |
| Average aid package of those receiving need-based aid |
$10,774 |
$24,447 |
| Average indebtedness of 2006-07 graduate who borrowed to finance education (excludes parents' loans) |
$16,727 |
$21,320 |
| Percentage of undergraduate students in class of 2007 receiving loans (excludes parents' loans) |
33% |
30% |
|
| Major Need-Based Undergraduate Student Aid Program Expenditures, 2006-07 |
| |
| Federal aid |
$13.2 million |
| Institutional aid |
$18.2 million |
| State aid |
$4.7 million |
|
|
