by our College Data Analytics TeamThe total cost of attendance at Central Penn College 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.
Uncover the various financial aid options provided by Central Penn and determine which ones you may be eligible for by continuing your exploration.
$10,607.00 is the typical Central Penn College’s first year financial aid package. About 98% of first year students receive 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.
A college loan is not a true college discount, but rather an outcome to consider. Find out how much student loan debt from Central Penn College you may end up taking on.
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 Central Penn College.
84% of incoming freshmen (43 total) were awarded scholarships at Central Penn College, averaging $5,420.00 a piece. This puts it in the top 50th percentile among colleges and universities nationwide.
In addition to scholarships, 63% of first-year students (32 total) got federal grant aid, averaging $5,806.00 per person.
The next table shows grant and scholarship distributions by income for first-year students getting any form of federally-funded Title IV aid, including Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 41.18% | $9,305.00 |
| Income 30k-48k | 19.61% | $8,428.00 |
| Income 48k-75k | 9.80% | $7,837.00 |
| Income 75k-110k | 13.73% | $4,689.00 |
| Income 110k + | 3.92% | $3,627.00 |
The table above displays undergrads who are getting Title IV aid, federal aid from the government including loans, grants or work-study. Learn more here.
98% of the 51 undergraduates at Central Penn College receive some sort of grant aid. This is a total of about 48 students getting an average of $10,607.00 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.
