Why Undertanding Financial Aid is Essential
The amount of financial aid, scholarships, grantsvary depending on your situation. Make use of the information listed below to better understand how much financial assistance you will obtain from Baker College of Owosso determined by income and worth.
What is Inside a Typical Financial Aid Package at Baker College of Owosso
Baker College of Owosso's standard financial aid package for newly arriving first year students is $11,825. About 88.0% of first year students obtain some form of financial aid, most of which is in the form of scholarships and grants.
Financial aid contains loans, grans, and scholarships. However, loans need to be repaid, so they aren't a true college discount.
Student debt should be thought of as a consequence rather than true financial aid. Read more about student loan debt at Baker College of Owosso.
How Much Aid is Available That I Don't Have to Repay? (A.K.A. Scholarships & Grants)?
These grants and scholarships consist mostly federally provided grants, plus some local and state grants. 73.0% of first years at Baker College of Owosso (402 total) were awarded a federal grant, averaging $4,091. In addition to grants, 77.0% of first years (429 total) received scholarships by the college, totaling $2,393 per student.
How are scholarships and grants allocated to freshman at Baker College of Owosso? View the graph below.
Grants are usually based on need while scholarships are merit-based.
How Income Level Affects Financial Aid
The table following displays scholarship and grant distributions by income level for freshman students getting any form of federal Title IV assistance, such as Federal PLUS loans.
|Income Level||Percent of Freshman||Average Assistance|
|Income 110k +||4.7%||$1,677|
Financial assistance by the government in the form of loans, grants, and work study is known as Title IV aid. Get more info on Title IV here..
Grants & Scholarships for All Undergrads Average $4,747
2,217 Baker College of Owosso undergrads get grands (this is about 2,826 of the overall student population). The usual amount these students get is $4,747 The most of which are in the form of Pell Grants.
Financial Aid Links from Baker College of Owosso
|Net Price Calculator||https://www.baker.edu/student-services/financial-aid/#net-price-calculator|