by our College Data Analytics TeamMost college students will not be charged the full price tag of a school. Instead, they will be offered a financial aid package that includes a combination of loans, grants, scholarships and possibly work-study opportunities.
Interested in understanding the financial aid resources available at Caltech and your eligibility? Find the answers you seek below.
$48,172.00 is the typical California Institute of Technology’s first year financial aid package. Approximately 74% of incoming freshmen obtain financial assistance, with the majority being offered as 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 student loan isn’t a genuine college price reduction, but rather an additional cost consideration. Discover how much student loan debt from California Institute of Technology you could end up dealing with.
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 next numbers refer to grants and scholarships mainly supplied by the college itself.
57% of new students (134 total) were given scholarships at California Institute of Technology, averaging $46,163.00 per student. This puts it the top 25th percentile among colleges and universities nationwide.
In addition to scholarships, 16% of first years (38 total) were awarded federal grant aid, averaging $6,129.00 each.
The table below demonstrates scholarship and grant allocations by income level for freshmen receiving any type of federal Title IV assistance, which includes Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 4.26% | $75,302.00 |
| Income 30k-48k | 3.83% | $62,573.00 |
| Income 48k-75k | 4.68% | $65,008.00 |
| Income 75k-110k | 3.83% | $54,753.00 |
| Income 110k + | 12.77% | $29,837.00 |
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.
74% of the 235 undergraduates at California Institute of Technology receive some sort of grant aid. This is a total of about 134 students getting an average of $48,172.00 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.