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 Chadron State College offer, and what will you qualify for? Keep scrolling for answers.
$6,922.00 is the typical Chadron State College’s first year financial aid package. A significant 97% of freshmen benefit from financial aid, with the main type being grants and scholarships.
Student loans come included in financial aid packages, however, the only true discount off of the price of college is a grant or scholarship that you do not need to pay back.
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 Chadron State College.
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 numbers below apply to scholarships and grants primarily provided by Chadron State College.
80% of new students (313 total) were offered scholarships at Chadron State College, averaging $4,757.00 per person. This puts it in the top 50th percentile among colleges and universities nationwide.
As well as scholarships, 58% of freshmen (226 total) received a federal grant, for about $3,904.00 a person.
Amount of Financial Assistance Per Income Level
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 10.26% | $8,497.00 |
| Income 30k-48k | 6.41% | $9,004.00 |
| Income 48k-75k | 9.23% | $7,337.00 |
| Income 75k-110k | 8.21% | $4,808.00 |
| Income 110k + | 4.87% | $4,359.00 |
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.
363 Chadron State College undergrads obtain grant aid (this is about 97% of the entire undergraduate student population). The average amount these students receive is $6,922.00.
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.