by our College Data Analytics TeamThe majority 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 price of attendance at Vanderbilt University can feel tremendous, but do not forget that almost all students receive some sort of financial help.
What financial assistance options will Vanderbilt offer, and what will you qualify for? Read on for more information. Keep going to see how much school funding could be available to you.
How much aid you qualify for depends largely on your family’s financial circumstances. Continue reading to find information to help you understand just how much assistance you can expect to receive from Vanderbilt 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.
For incoming first-year students at Vanderbilt University, 70% of entering full-time freshmen got some type of financial assistance some 1139 new students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 67% | $64,404 |
| Institutional grants & scholarships | 66% | $61,870 |
| Federal Pell grants | 24% | $5,841 |
| State/local grants | 11% | $6,729 |
| Federal student loans | 7% | $5,046 |
Because grants and scholarships do not have to be repaid, they are the most sought-after type of financial aid. At Vanderbilt, about 68% of undergraduates were awarded an average grant or scholarship of $58,699 (across approximately 4843 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 68% | $58,699 |
| Federal Pell grants | 20% | $5,552 |
| Federal student loans | 10% | $6,117 |
Title-IV recipients living on campus saw average grant aid of $73,744.
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 | $5,129 |
| $30,001 – $75,000 | $5,439 |
| Over $75,000 | $34,926 |
Each figure is the net price after grants and scholarships, not the published sticker price.
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 | $15,846 |
| Off-campus title-IV students | $19,040 |
For a customized cost estimate, visit Vanderbilt’s NPC: www.vanderbilt.edu/financialaid/net-price-calculator.php.
The middle student in the debt distribution at Vanderbilt owes $12,913 of cumulative federal debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $12,913 |
| Median federal debt (graduates only) | $14,000 |
| Typical 10-year monthly payment (graduates) | $148.42/mo |
That monthly figure reflects the median graduate debt repaid on a standard 10-year federal schedule.
The median alone does not show how widely outcomes vary across the student body. The percentiles below describe the cumulative federal debt distribution for borrowers at Vanderbilt.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,967 |
| 25th percentile | $6,500 |
| 75th percentile | $21,016 |
| 90th percentile (highest-debt students) | $27,000 |
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 | $7,500 |
| Middle income | $11,981 |
| High income | $14,000 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $11,981 |
| Continuing-generation students | $13,077 |
The Department of Education computes summary indicators that describe debt outcomes at a glance. Vanderbilt.
The Stafford program is the federal direct-loan vehicle most undergraduates use. The annual Stafford volume below reflects program activity at Vanderbilt:
| Metric | Value |
|---|---|
| Stafford loan recipients | 18815 |
| Total Stafford loan amount | $642,525,193 |
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 recipients
| Metric | Value |
|---|---|
| GI Bill recipients | 205 |
| Total GI Bill amount | $6,824,728 |
| Average GI Bill amount per recipient | $33,291 |
References
More about our data sources and methodologies.