How Many Undergrads Get Financial Aid?
Baylor University's average financial aid deal for newly arriving first year students is $37,628. Around 93.0% of new students receive some type of financial aid, most of which is in the form of scholarships and grants.
Financial aid helps reduce the cost, or the full retail price of the school. However, know that the only true college discount are scholarships & grants.
A student loan is not a genuine college discount, but rather an additional cost consideration. Discover how much student loan debt from Baylor you may end up taking on.
Number of Baylor Scholarships & Grants
The stats following pertain to assistance that is provided by Baylor University.
93.0% of first year students (3,122 total) were offered scholarships at Baylor University, averaging $23,028 per student. This puts it in the top 20th percentile of all schools nationwide.
As well as scholarships, 18.0% of first year students (602 total) got federal grant aid, averaging $5,217 a person.
Check out the average quantity of grants and scholarships first years receive by looking at the chart below.
Grants are normally based on need while scholarships are based on merit or ability.
Amount of Financial Assistance Per Family Income
The chart below displays grant and scholarship allocations by income level for freshmen receiving any sort of federal Title IV assistance, including Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 8.7% | $36,187 |
| Income 30k-48k | 5.8% | $33,064 |
| Income 48k-75k | 8.1% | $31,570 |
| Income 75k-110k | 9.1% | $27,613 |
| Income 110k + | 24.2% | $20,191 |
Education funding from the government through loans, grants, and work-study is known as Title IV aid. Get more info on Title IV here..
$23,384 is the Average Total an Undergraduate Will Get in Scholarships or Grants
Of the 14,188 undergrads at Baylor University around 91.0% (12,856 in total) obtain some type of grant aid. The typical quantity awarded was $23,384.
Visit the Tuition and Fees page or the Cost Per Credit Hour page to learn more.
Financial Aid Links from Baylor University
| Financial Aid Department Website | www.baylor.edu/sfs |
| Net Price Calculator | www.baylor.edu/sfs/netpricecalculator/npcalc.htm |
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