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.
Uncover the various financial aid options provided by BHSU and determine which ones you may be eligible for by continuing your exploration.
Black Hills State University average financial aid offer for freshmen students is $4,332.00. 92% of first-year students are awarded financial aid, primarily comprising loans.
Financial aid helps decrease the expense, or the “sticker” price of the school. But keep in mind that the only real discounts off the cost of college are in the form of grants and scholarships.
Worried about the student loans that might be part of a financing offer? View the average amount of debt per student at Black Hills State University.
Colleges and universities offer institutional scholarships and grants as financial assistance to help students cover tuition fees and other educational costs. These awards, which do not require repayment, can be merit-based or need-based. Merit-based institutional scholarships recognize students who have exceptional academic records, special talents, or skills in particular areas. Eligibility for these scholarships often depends on factors such as a student’s high school performance, standardized test scores, or involvement in extracurricular activities. In contrast, need-based institutional grants are designed for students who show financial need. The amount awarded usually depends on the student’s family’s financial condition and aims.
The numbers below apply to scholarships and grants primarily provided by Black Hills State University.
64% of incoming freshmen (302 total) were given scholarships at Black Hills State University, averaging $2,611.00 per student. This puts it in the top 50th percentile among colleges and universities nationwide.
As well as scholarships, 48% of freshmen (229 total) received a federal grant, for about $3,977.00 a person.
The next table displays grant and scholarship distributions by family income for freshman students getting any kind of federally-funded Title IV aid, such as Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 16.70% | $6,829.00 |
| Income 30k-48k | 7.40% | $6,009.00 |
| Income 48k-75k | 10.99% | $3,990.00 |
| Income 75k-110k | 10.57% | $2,300.00 |
| Income 110k + | 13.32% | $1,786.00 |
The table above shows students who are receiving Title IV aid, which is federal assistance from the government in the form of grants, loans, and work-study. Learn more.
374 BHSU undergrads obtain grant aid (this is about 92% of the entire undergraduate student population). The average amount these students receive is $4,332.00.
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.