by our College Data Analytics TeamMany students attending Arkansas Tech University can expect to receive financial assistance in various forms, such as scholarships, grants, loans, and work-study programs, making the cost of attendance more manageable.
The amount of financial assistance and scholarships or grants you can get varies based on your circumstances. Keep reading to learn more to help you to know just how much aid and scholarships to expect from ATU.
$7,850.00 is the typical Arkansas Tech University’s first year financial aid package. About 96% of first year students receive financial aid, most of which is in the form of grants and scholarships.
A financial aid package includes loans, grants, and scholarships. However, student loans have to be paid back, so they aren’t a true discount.
A loan is not a legitimate college discount, but rather an outcome to consider. See how much student loan debt from Arkansas Tech University you may end up taking on.
Institutional scholarships and grants are financial aid awards given by colleges and universities to help students manage tuition costs and other education-related expenses. These awards, which do not need to be repaid, can be classified as merit-based or need-based. Students who excel academically, possess unique talents, or have specific skills can be eligible for merit-based institutional scholarships. Factors such as high school performance, standardized test scores, or participation in extracurricular activities often contribute to eligibility for these scholarships. Need-based institutional grants, on the other hand, are awarded to students who demonstrate financial need. The amount given is generally based on the student’s family’s financial situation, aiming to cover the gap between the cost of attendance and the family’s capacity to pay. To assess a student’s eligibility for need-based grants, colleges and universities may rely on information from the Free Application for Federal Student Aid (FAFSA) or other financial aid forms. Institutional scholarships and grants are essential for students, as they can substantially lower college expenses and make higher education more affordable.
The following numbers pertain to assistance that is supplied by Arkansas Tech University.
75% of incoming freshmen (1490 total) were awarded scholarships at Arkansas Tech University, averaging $5,139.00 a piece. This puts it in the top 50th percentile among colleges and universities nationwide.
In addition to scholarships, 55% of freshman students (1098 total) obtained federal grant aid, averaging $4,869.00 a piece.
Amount of Financial Assistance Per Income Level
The table below demonstrates scholarship and grant allocations by income level for freshmen receiving any type of federal Title IV assistance, which includes Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 31.47% | $8,906.00 |
| Income 30k-48k | 12.02% | $8,561.00 |
| Income 48k-75k | 12.02% | $6,634.00 |
| Income 75k-110k | 7.09% | $5,078.00 |
| Income 110k + | 6.69% | $4,987.00 |
The table above displays undergrads who are obtaining Title IV aid, federal aid from the government including loans, grants or work-study. Learn more here.
96% of the 1989 undergraduates at Arkansas Tech University receive some sort of grant aid. This is a total of about 1880 students getting an average of $7,850.00 per person.
Check out the Tuition and Fees page or the Cost Per Credit Hour page to find out more.
References
More about our data sources and methodologies.
