by our College Data Analytics TeamThe total cost of attendance at Centenary College of Louisiana can seem overwhelming, but remember that the majority of students receive some sort of financial assistance. This could be in the form of scholarships, grants, work-study, or loans.
However, some types of financial aid are definitely more desireable than others, and some students will receive more aid than others.Find out more by scrolling down the page.
$31,221.00 is the typical Centenary College of Louisiana’s first year financial aid package. 100% of reshman students get financial aid, most of which is in the form of 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.
Student debt really should be considered to be an added expense and not as “aid” or a “discount”. Find more about student loan debt at Centenary College of Louisiana.
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 numbers listed below make reference to help that is offered by Centenary College of Louisiana.
99% of incoming freshmen (171 total) were awarded scholarships at Centenary College of Louisiana, averaging $26,020.00 a piece. This puts it the top 25th percentile among colleges and universities nationwide.
As well as scholarships, 43% of first-year students (74 total) got a federal grant, for about $5,260.00 per person.
The next table displays grant and scholarship distributions by family income for freshman students getting any kind of federally-funded Title IV aid, such as Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 25.00% | $34,932.00 |
| Income 30k-48k | 6.98% | $34,614.00 |
| Income 48k-75k | 13.95% | $35,012.00 |
| Income 75k-110k | 13.37% | $27,362.00 |
| Income 110k + | 20.93% | $30,988.00 |
The table above displays students who are getting Title IV aid, federal aid from the government including loans, grants or work-study. Get more info on Title IV here.
Of the 172 undergraduate students at Centenary College of Louisiana around 100% (172 total) receive some form of grant aid. The typical amount awarded was $31,221.00.
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.
