by our College Data Analytics TeamMost students won’t pay the advertised price of a school. Instead, they will be provided with a financial aid plan that includes a mix of scholarships, grants, loans, and work-study. But some kinds of aid are more desirable than others, and some students will get more than others.
The amount of financial assistance and scholarships or grants you can get varies based on your circumstances. Keep reading to learn more to help you to know just how much aid and scholarships to expect from Benedictine U.
$19,122.00 is the typical Benedictine University’s first year financial aid package. 88% of reshman students get financial aid, most of which is in the form of grants and scholarships
A financial aid package includes loans, grants, and scholarships. However, student loans have to be paid back, so they aren’t a true discount.
A college loan is not a true college discount, but rather an outcome to consider. Find out how much student loan debt from Benedictine University you may end up taking on.
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 stats below refer to aid that is provided by Benedictine University.
88% of incoming freshmen (303 total) were awarded scholarships at Benedictine University, averaging $14,613.00 a piece. This puts it the top 25th percentile among colleges and universities nationwide.
In addition to scholarships, 44% of first-year students (153 total) got federal grant aid, averaging $5,403.00 per person.
The table following demonstrates grant and scholarship distributions by income level for freshmen getting any sort of federally-funded Title IV aid, which includes Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 23.55% | $23,878.00 |
| Income 30k-48k | 12.50% | $23,010.00 |
| Income 48k-75k | 9.88% | $19,818.00 |
| Income 75k-110k | 11.34% | $16,212.00 |
| Income 110k + | 14.53% | $15,731.00 |
The table above displays undergrads who are getting Title IV aid, federal aid from the government including loans, grants or work-study. Learn more here.
88% of the 344 undergraduates at Benedictine University receive some sort of grant aid. This is a total of about 303 students getting an average of $19,122.00 per person.
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.
