by our College Data Analytics TeamThe total cost of attendance at Augsburg University can seem overwhelming, but remember that the majority of students receive some sort of financial assistance. This could be in the form of scholarships, grants, work-study, or loans.
Discover the financial aid possibilities at Augsburg and learn what assistance you might qualify for by continuing to read.
Augsburg University average financial aid offer for freshmen students is $29,750.00. Financial aid is provided to about 100% of first-year students, with the bulk of support coming in the form of grants and scholarships.
Student loans come included in financial aid packages, however, the only true discount off of the price of college is a grant or scholarship that you do not need to pay back.
We feel that loan debt ought to be regarded as a consequence instead of true financial aid. Learn more on student loan debt at Augsburg University.
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 apply to scholarships and grants largely offered by the school itself.
100% of incoming freshmen (624 total) were given scholarships at Augsburg University, averaging $22,157.00 per student. This puts it the top 25th percentile among colleges and universities nationwide.
In addition to scholarships, 92% of first-year students (576 total) got federal grant aid, averaging $4,286.00 per person.
Amount of Financial Assistance Per Income Level
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 29.17% | $33,080.00 |
| Income 30k-48k | 16.99% | $33,126.00 |
| Income 48k-75k | 15.71% | $30,825.00 |
| Income 75k-110k | 13.14% | $28,120.00 |
| Income 110k + | 19.07% | $23,962.00 |
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.
624 Augsburg undergrads obtain grant aid (this is about 100% of the entire undergraduate student population). The average amount these students receive is $29,750.00.
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.