The Importance of Understanding Financial Aid
Did you know financial assistance and scholarship or grant qualifications are determined by distinct conditions? Here you'll learn more to enable you to understand how much aid and scholarships to expect from Augsburg.
How Much Financial Assistance is Available?
Augsburg College's standard financial aid deal for incoming freshman students is $30,587. Around 98.0% of freshman students obtain some kind of financial assistance, most of which is in the form of scholarships and grants.
Loans technically come under the umbrella of 'financial aid', but the only true discount off of the cost of college is a grant or scholarship that you do not need to pay back.
We feel that loan debt really should be regarded as an "outcome" rather than "aid". Find more on student loan debt at Augsburg.
How Much Is Offered in Scholarships & Grants?
The numbers below refer to aid which is given by Augsburg College.
97.0% of freshmen (381 total) were given scholarships at Augsburg College, averaging $16,317 per person. This ranks in the top 20th percentile of all colleges nationwide.
175 first years also received a grant. About 45.0% of Augsburg freshmen received grants with an average of $4,911 per person.
The chart below shows the typical amount of scholarship and grant aid distributed to all first year students.
Grants are normally need-based while scholarships are merit-based.
Financial Aid by Income Level
Determine how much scholarship and grant assistance you may expect to be given determined by your family income. The chart below displays freshmen receiving Title IV aid including PLUS loans.
|Income Level||Percent of Freshman||Average Assistance|
|Income 110k +||21.0%||$16,685|
The table above displays students who are receiving Title IV aid which is federal assistance from the government in the form of grants, loans, and work-study. Learn more.
$18,364 is the Common Amount an Undergraduate Receives in Scholarships or Grants
2,151 Augsburg students get grant aid (this is around 82.0% of the overall student body). The typical amount these students get is $18,364
Augsburg College Financial Aid Information
|Financial Aid Department Website||www.augsburg.edu/studentfinancial|
|Net Price Calculator||https://augsburg.studentaidcalculator.com/survey.aspx|