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.
Interested in understanding the financial aid resources available at BVU and your eligibility? Find the answers you seek below.
Buena Vista University average financial aid offer for freshmen students is $30,019.00. About 100% of first year students receive financial aid, most of which is in the form of grants and scholarships.
Financial aid contains loans, grants, and scholarships. But college loans need to be repaid, thus they are not a real college discount.
A student loan isn’t a genuine college price reduction, but rather an additional cost consideration. Discover how much student loan debt from Buena Vista University you could end up dealing with.
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.
100% of incoming freshmen (230 total) were given scholarships at Buena Vista University, averaging $24,660.00 per student. This puts it the top 25th percentile among colleges and universities nationwide.
As well as scholarships, 93% of freshmen (215 total) obtained a federal grant, for about $3,591.00 a piece.
The table shows scholarship and grant allocations by income for first-year students receiving any type of federal Title IV assistance, including Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 15.65% | $34,814.00 |
| Income 30k-48k | 9.13% | $33,949.00 |
| Income 48k-75k | 17.83% | $32,716.00 |
| Income 75k-110k | 29.13% | $29,388.00 |
| Income 110k + | 17.39% | $23,080.00 |
The table above shows students who are obtaining Title IV aid, which is federal assistance from the government in the form of grants, loans, and work-study. Learn more here.
Of the 230 undergraduate students at Buena Vista University around 100% (230 total) receive some form of grant aid. The typical amount awarded was $30,019.00.
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.