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.
What financial aid options does Castleton offer, and what will you qualify for? Keep scrolling for answers.
Castleton University average financial aid offer for freshmen students is $7,267.00. Approximately 97% of incoming freshmen obtain financial assistance, with the majority being offered as loans.
A financial aid package includes loans, grants, and scholarships. However, student loans have to be paid back, so they aren’t a true discount.
Worried about the student loans that might be part of a financing offer? View the average amount of debt per student at Castleton University.
Institutional scholarships and grants refer to financial aid provided directly by a college or university to support students in covering their educational expenses. These awards can be either merit-based or need-based and do not require repayment. Merit-based institutional scholarships reward students who have demonstrated exceptional academic achievements, talents, or skills in specific areas. Such scholarships often take into account a student’s high school performance, standardized test scores, or extracurricular activities. On the other hand, need-based institutional grants are allocated to students who exhibit financial need. The amount awarded is usually determined by the student’s family’s financial circumstances and aims to cover the difference between the cost of attendance and the family’s capacity to pay. To assess eligibility for need-based grants, colleges and universities may use information from the Free Application for Federal Student Aid (FAFSA) or other financial aid forms. Institutional scholarships and grants play a crucial role in assisting students, as they can considerably lower the cost of college and make higher education more attainable.
The stats below refer to aid that is provided by Castleton University.
90% of first-year students (357 total) were offered scholarships at Castleton University, averaging $7,785.00 per person. This puts it in the top 50th percentile among colleges and universities nationwide.
In addition to scholarships, 53% of freshman students (212 total) obtained federal grant aid, averaging $4,666.00 a piece.
The following table shows scholarship and grant allocations by income for first-year students receiving any form of federal Title IV assistance, including Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 11.34% | $11,544.00 |
| Income 30k-48k | 10.08% | $10,254.00 |
| Income 48k-75k | 6.55% | $7,555.00 |
| Income 75k-110k | 12.09% | $3,859.00 |
| Income 110k + | 7.30% | $2,708.00 |
The table above shows undergrads who are getting Title IV aid, which is federal assistance from the government in the form of grants, loans, and work-study. Learn more here.
Of the 397 undergraduate students at Castleton University around 97% (366 total) receive some form of grant aid. The typical amount awarded was $7,267.00.
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.