by our College Data Analytics TeamThe majority of college students don’t pay the full price for their education, as financial aid packages, including scholarships, grants, loans, and work-study opportunities, help to offset the costs.
Uncover the various financial aid options provided by Benedict College and determine which ones you may be eligible for by continuing your exploration.
Benedict College average financial aid offer for freshmen students is $15,845.00. 100% of reshman students get financial aid, most of which is 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.
A student loan isn’t a genuine college price reduction, but rather an additional cost consideration. Discover how much student loan debt from Benedict College you could end up dealing with.
Financial awards given by a college or university to its students, known as institutional scholarships and grants, help to offset the cost of tuition and other education-related expenses. These awards fall into two categories: merit-based and need-based, and they do not need to be paid back. Merit-based institutional scholarships are granted to students who have shown outstanding academic accomplishments, special talents, or abilities in a particular field. Factors such as high school performance, standardized test results, or involvement in extracurricular activities often contribute to these scholarship decisions. Conversely, need-based institutional grants cater to students who demonstrate financial need. The awarded amount is typically based on the student’s family’s financial standing and is intended to cover the difference between the cost of attendance and the family’s ability to contribute. Colleges and universities might use data from the Free Application for Federal Student Aid (FAFSA) or other financial aid forms to determine a student’s eligibility for need-based grants. Institutional scholarships and grants are a vital source of financial support for students, as they can significantly reduce the cost of attending college and help make higher education more accessible.
The numbers listed below make reference to help that is offered by Benedict College.
91% of incoming freshmen (653 total) were given scholarships at Benedict College, averaging $11,239.00 per student. This puts it the top 25th percentile among colleges and universities nationwide.
As well as scholarships, 71% of freshmen (510 total) received a federal grant, for about $5,708.00 a person.
Amount of Financial Assistance Per Income Level
Amount of Financial Assistance Per Income Level
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 47.91% | $15,276.00 |
| Income 30k-48k | 16.02% | $16,301.00 |
| Income 48k-75k | 9.47% | $15,073.00 |
| Income 75k-110k | 4.04% | $13,060.00 |
| Income 110k + | 2.65% | $14,708.00 |
The table above displays students who are getting Title IV aid, federal aid from the government including loans, grants or work-study. Get more info on Title IV here.
714 Benedict College undergrads obtain grant aid (this is about 100% of the entire undergraduate student population). The average amount these students receive is $15,845.00.
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.