by our College Data Analytics TeamFinancial aid in the form of loans, grants, work-study, and scholarships is one way colleges reduce the cost of attendance so most students can actually afford to attend.
The amount of financial assistance and scholarships or grants you can get varies based on your circumstances. Keep reading to learn more to help you to know just how much aid and scholarships to expect from Harold Washington College.
City Colleges of Chicago - Harold Washington College average financial aid offer for freshmen students is $5,577.00. About 77% of first year students receive financial aid, most of which is in the form of grants and scholarships.
Financial aid helps decrease the expense, or the “sticker” price of the school. But keep in mind that the only real discounts off the cost of college are in the form of grants and scholarships.
Concerned about the loans that may be included in your financial aid package? See the average amount of debt per student at City Colleges of Chicago - Harold Washington College.
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 next numbers refer to grants and scholarships mainly supplied by the college itself.
19% of new students (214 total) were given scholarships at City Colleges of Chicago - Harold Washington College, averaging $3,522.00 per student. This puts it in the top 50th percentile among colleges and universities nationwide.
As well as scholarships, 64% of freshmen (735 total) obtained a federal grant, for about $4,834.00 a piece.
The following table displays scholarship and grant allocations by family income for freshman students receiving any kind of federal Title IV assistance, such as Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 40.33% | $6,409.00 |
| Income 30k-48k | 15.09% | $5,254.00 |
| Income 48k-75k | 7.37% | $3,625.00 |
| Income 75k-110k | 0.87% | $2,790.00 |
| Income 110k + | 0.00% | $0.00 |
The table above displays undergrads who are obtaining Title IV aid, federal aid from the government including loans, grants or work-study. Learn more here.
77% of the 1153 undergraduates at City Colleges of Chicago - Harold Washington College receive some sort of grant aid. This is a total of about 877 students getting an average of $5,577.00 per person.The bulk of which are Pell Grants.
Check out the Tuition and Fees page or the Cost Per Credit Hour page to find out more.
References
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