What Percentage of Undergrads Get Financial Aid?
California State University - Monterey Bay's typical financial aid offer for new first year students is $14,412. About 74.0% of first year students get some financial aid, most of which is in the form of scholarships and grants.
Financial aid helps reduce the cost, or the full retail price of the college. However, be aware that the only real college discount are scholarships & grants.
We feel that loan debt should be thought of as a consequence rather than true financial aid. Learn more about student loan debt at CSUMB.
Amount of CSUMB Scholarships & Grants
The following numbers apply to grants and scholarships mainly supplied by the college itself.
47.0% of incoming freshmen (464 total) were offered scholarships at California State University - Monterey Bay, averaging $5,705 per person. This ranks in the top 40th percentile of all schools in the country.
479 first year students also received federal grant aid. A total of 48.0% of CSUMB first years obtained grants around $5,410 a piece.
How are grants and scholarships allocated to freshmen at CSUMB? View the graph below.
Grants are usually based on need while scholarships are based on merit or ability.
How Income Level Affects Aid
The chart below demonstrates grant and scholarship distributions by income for freshman students receiving any kind of federal Title IV assistance, which includes Federal PLUS loans.
|Income Level||Percent of Freshman||Average Assistance|
|Income 110k +||9.4%||$1,604|
Financial assistance from the government through loans, grants, and work-study is known as Title IV aid. Get more info on Title IV here..
The Typical Undergrad Who Gets a Grant or Scholarship Gets $8,692
69.0% of the 6,709 undergraduate students at California State University - Monterey Bay qualify for some form of grant aid. A total of approximately 4,621 students benefiting from about $8,692 each.
California State University - Monterey Bay Financial Aid Info
|Financial Aid Department Website||csumb.edu/financialaid|
|Net Price Calculator||https://www2.calstate.edu/attend/paying-for-college/Pages/csu-costs.aspx|
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