Franciscan University of Steubenville: Tuition, Fees, and Financial Aid

For prospective students considering Franciscan University of Steubenville, understanding the costs associated with attending the institution is crucial. This article provides a comprehensive overview of tuition, fees, financial aid opportunities, and other expenses to help students and their families plan for their education. Franciscan University of Steubenville is a private and coeducational Catholic university in Steubenville, Ohio. The university had 2,716 students as of fall 2015, including 2,454 students on campus, in 40 undergraduate and 8 graduate degree programs.

Tuition and Fees

Franciscan University of Steubenville's tuition is $34,100. Compared with the national average cost of tuition of $47,890, Franciscan University of Steubenville is cheaper. The tuition and fees for a year at Franciscan University of Steubenville amount to 31,080 USD, placing it in the bottom 45% of colleges and universities in terms of affordability. These figures include both tuition and fees, also referred to as the sticker price. Fees differ by institution and may fund library services, student gym facilities, student centers, technology resources and campus health centers.

Additional Expenses

Beyond tuition and fees, students should also budget for books and supplies, which are estimated to cost 2,000 USD annually, placing the university in the top 10% for this expense. Another important aspect to consider is the cost of room and board. Franciscan University of Steubenville provides on-campus housing and requires first-time degree-seeking students to live on campus. The typical room charge for an academic year is 5,250 USD, which falls in the bottom 25% of colleges and universities. The typical board charge, or meal plan, for an academic year is 4,140 USD, placing it in the bottom 30%. Combining these costs, the total room and board charges amount to 9,390 USD, which is in the bottom 25% of institutions.

As you’re comparing costs of different institutions, also consider the total cost and the net price. The total cost is the sticker price, plus the cost of food and housing, books and supplies, and transportation and personal expenses. At Franciscan University of Steubenville, the total cost is $44,870.

Other Costs:

Books and Supplies: $1,200 per year
Personal Expenses: $1,560 per year
Transportation: $1,500 per year

Financial Aid and Benefits

Franciscan University of Steubenville offers a variety of financial aid options for its students, with a significant percentage of them receiving assistance. In fact, 98% of students at the university receive financial aid, placing it in the top 35% of institutions in this regard. This aid comes in the form of grants, which are available to both undergraduate and graduate students. Franciscan University works with each student individually to make a Franciscan education an affordable reality. When comparing the cost of higher education, we want you to look at the net price or out of pocket price, not just the cost of tuition. Int.

The average amount of financial aid received by undergraduate students at Franciscan University of Steubenville is quite substantial, standing at 29,720 USD. This places the university in the top 15% of institutions in terms of the average financial aid amount for undergraduates. On the other hand, graduate students receive an average of 12,600 USD in financial aid, which is in the bottom 25% compared to other institutions.

In addition to grants, Franciscan University of Steubenville also provides military benefits for eligible students. Both undergraduate and graduate students who qualify for these benefits can expect to receive an average amount of 15,634 USD. This places the university in the top 25% for graduate military benefits and in the top 45% for undergraduate military benefits.

The average need-based scholarship or grant awarded to first-year students at Franciscan University of Steubenville was $22,021. Additionally, 51% of first-year students received need-based financial aid in fall 2022.

Types of Aid Available

Franciscan University of Steubenville met 75% of its students’ financial aid need. Read below to learn more about the types of aid available.

Need-Based Aid: Need-based self-help aid includes federal loans and work-study. The average need-based self-help aid awarded to first-year students was $4,302.
Merit-Based Aid: Merit-based aid, also called non-need-based aid, is awarded for a specific talent or academic achievement. The average non-need-based scholarship or grant awarded to first-year students at Franciscan University of Steubenville - excluding any athletic scholarships, if applicable - was $15,111.

How to Apply for Financial Aid

When you choose Franciscan University of Steubenville in Ohio for your undergraduate studies, you are making an investment in your future. Franciscan works to make your Catholic education as affordable as possible, from keeping college tuition reasonable to providing financial aid. Your financial aid award starts with you completing the Free Application for Federal Student Aid (FAFSA).

Go to www.studentaid.gov to complete the FAFSA. Complete the FAFSA (Free Application for Federal Student Aid).
View your Financial Aid awards, documents, and messages on The Port.
Log into The Port to accept your Financial Aid.
If you accept your Federal student loan(s), you must complete two online forms: Entrance Counseling, and the Master Promissory Note (MPN). Both forms are available at www.studentaid.gov.

Remember that the Financial Aid staff at Franciscan University of Steubenville is here to assist you.

Financial Aid Statistics

Students Receiving Financial Aid: 55%
Freshmen With Need and Received Financial Aid: 100%
Average Aid Packages Awarded: $24,784
Need-Based Scholarship or Grant Award: $4,539
Need-Based Loan Amount: $1,114
Non-Need-Based Aid: $15,170
Average Net Price: $24,490 per year

Work-Study and Employment Opportunities

Franciscan University of Steubenville provides a range of work-study, internship, and on-campus employment opportunities for its students. The university's Career Services Office assists students in finding suitable employment options by offering access to job postings, career fairs, and other resources tailored to their interests and skills.

On-campus employment opportunities are available in various departments such as the library, dining services, and the bookstore. The pay for these positions depends on the role and the student's experience, with an average expected pay of around $8.55 per hour. During the academic year, students can work up to 20 hours per week, while during breaks, they can work up to 40 hours per week.

Internship opportunities at Franciscan University of Steubenville span a variety of fields, including business, education, and social work. These internships offer students hands-on experience in their chosen field, helping them build their resumes and develop professional skills. The Career Services Office plays a crucial role in helping students find internships that align with their interests and career aspirations.

Work-study opportunities are available to eligible students who demonstrate financial need, allowing them to earn money to help fund their education while gaining valuable work experience. International students can also participate in work-study opportunities, provided they obtain a Social Security number and meet other eligibility requirements.

Student Loan Debt

How much student loan debt you accumulate can affect your financial life long after college ends. Ideally, your total student loan debt should fall below your anticipated starting salary once you graduate.

At Franciscan University of Steubenville, the median federal loan debt among borrowers who completed their undergraduate degree is $23,384. The median monthly federal loan payment (if it were repaid over 10 years at 5.05% interest) for student federal loan borrowers who graduated is $248.

Total Debt after Graduation:

This is the total amount your child will have to pay back after graduation. It includes the amount borrowed (principal), plus any loan fees and interest accrued while they are in school or during the grace period before repayment begins.

$0 / month Monthly Loan payment:

This is the amount your child will be expected to pay each month toward their loan balance. This tool assumes a 10-year repayment term and a 6% interest rate. Generally, the monthly loan payment will be about 1% of the total debt at graduation.

Total student loan payments during life of loan:

This is the total amount your child will have to repay, including principal and interest. This tool assumes a 10-year repayment term and a 6% interest rate.

IN PLAIN ENGLISH

When helping your child evaluate student loan options, be sure to consider both the monthly loan payment and the total payments. The monthly payments can be reduced by extending the loan term, but your child will end up paying more over time in interest.

A smarter way to reduce your child's future monthly payments is to start saving money well before college. Every dollar you save for your child will reduce the amount they will have to borrow and pay back with interest.

Student Debt vs Annual Income after Graduation:

The more you save for your child before college, the less they will have to pay back after college. A good rule of thumb is to keep total debt less than your child's expected annual income. That way they should be able to afford to repay their loans in 10 years or less.

Percent (%) of Your Child's Monthly Income that Goes into Paying Back Student Loan Debt

You'll also want to compare your child's monthly payments to their monthly income. Anything less than 10% is considered affordable, 15% is a stretch, and anything over 20% is not recommended.

IN PLAIN ENGLISH

This analysis is based on projections of college savings and college costs. It demonstrates the impact of savings on debt after graduation. The more you save, the less you'll have to borrow. This tool can help you determine how much you need to save to ensure that your child graduates with an affordable amount of debt at each college or university.

This tool assumes that a college's net price will continue to increase at the same rate as recent increases. It also assumes that the earnings in a college savings plan will reflect historical averages. Since past performance is not necessarily predictive of future performance, actual cost and return figures may vary.

Scholarships and Grants

Scholarships are a type of funding that you don’t need to pay back. Need-based scholarships take a student’s financial status into account. Merit-based scholarships are awarded to students for academic or athletic achievement. You might also qualify for a scholarship based on your community service involvement, unique hobbies or traits, your personal background, or a parent’s employer or military affiliation.

Some students receive enough in scholarship money to cover their tuition and living expenses. See the types of scholarships and grants available at Franciscan University of Steubenville below.

Additional Information

Franciscan University of Steubenville is a private non for profit institution. Other key data points include:

Enrollment Size: < 1000
Acceptance Rate: Not Selective (79%)
Yield: Moderate (33%)
Graduation rate: High (76%)
Retention rate: Very High (84%)
Web site: www.franciscan.edu
Location: Steubenville, OH

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