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.
Uncover the various financial aid options provided by Bentley and determine which ones you may be eligible for by continuing your exploration.
$28,427.00 is the typical Bentley University’s first year financial aid package. A significant 85% of freshmen benefit from financial aid, with the main type being grants and scholarships.
Financial aid helps lower the cost, or the full retail price of the institution. But bear in mind that the only true college discount is scholarships & grants.
We feel that loan debt ought to be regarded as a consequence instead of true financial aid. Learn more on student loan debt at Bentley University.
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 following numbers apply to scholarships and grants largely offered by the school itself.
77% of incoming freshmen (728 total) were awarded scholarships at Bentley University, averaging $27,074.00 a piece. This puts it the top 25th percentile among colleges and universities nationwide.
As well as scholarships, 60% of freshmen (566 total) received a federal grant, for about $2,202.00 a 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 | 7.42% | $47,797.00 |
| Income 30k-48k | 3.61% | $43,791.00 |
| Income 48k-75k | 5.73% | $39,340.00 |
| Income 75k-110k | 6.68% | $30,868.00 |
| Income 110k + | 24.50% | $20,933.00 |
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.
733 Bentley undergrads obtain grant aid (this is about 85% of the entire undergraduate student population). The average amount these students receive is $28,427.00.
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.