What You Should Know About California State University - Monterey Bay Financial Aid
Do you know financial aid and scholarship qualifications are based on different standards? Continue reading to learn more on how much assistance and scholarships can be expected from California State University - Monterey Bay.
What Percentage of Undergrads Get Financial Aid?
California State University - Monterey Bay's typical financial aid offer for new first year students is $13,024. About 76.0% 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 California State University - Monterey Bay.
Amount of California State University - Monterey Bay Scholarships & Grants
The following numbers apply to grants and scholarships mainly supplied by the college itself.
46.0% of incoming freshmen (595 total) were offered scholarships at California State University - Monterey Bay, averaging $5,602 per person. This ranks in the middle 20th percentile of all schools in the country.
In addition to scholarships, 50.0% of first year students (645 total) got a federal grant, averaging $5,016 per person.
How are grants and scholarships allocated to freshmen at California State University - Monterey Bay? 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 +||11.0%||$547|
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 $6,960
Of the 6,231 undergrads at California State University - Monterey Bay around 69.0% (4,279 total) receive some type of grant aid. The standard number awarded was $6,960.
California State University - Monterey Bay Financial Aid Info
|Financial Aid Department Website||csumb.edu/financialaid|
|Net Price Calculator||www.csumentor.edu/finaid/pais/|