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 |
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| 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 |