by our College Data Analytics TeamFinancial aid in the form of loans, grants, work-study, and scholarships is one way colleges reduce the cost of attendance so most students can actually afford to attend.
Curious about the financial aid opportunities at Bay State College and what you may be eligible for? Explore the answers here.
Bay State College average financial aid offer for freshmen students is $10,594.00. Approximately 80% of incoming freshmen obtain financial assistance, with the majority being offered as loans.
A financial aid package includes loans, grants, and scholarships. However, student loans have to be paid back, so they aren’t a true discount.
Concerned about the loans that may be included in your financial aid package? See the average amount of debt per student at Bay State College.
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 numbers below apply to scholarships and grants primarily provided by Bay State College.
65% of incoming freshmen (13 total) were given scholarships at Bay State College, averaging $8,080.00 per student. This puts it in the top 50th percentile among colleges and universities nationwide.
In addition to scholarships, 55% of freshman students (11 total) obtained federal grant aid, averaging $5,524.00 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 | 35.00% | $13,768.00 |
| Income 30k-48k | 10.00% | $8,720.00 |
| Income 48k-75k | 10.00% | $6,681.00 |
| Income 75k-110k | 15.00% | $5,017.00 |
| Income 110k + | 5.00% | $625.00 |
The table above shows students who are obtaining Title IV aid, which is federal assistance from the government in the form of grants, loans, and work-study. Learn more here.
16 Bay State College undergrads obtain grant aid (this is about 80% of the entire undergraduate student population). The average amount these students receive is $10,594.00.
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.