by our College Data Analytics TeamThe total cost of attendance at Claremont McKenna 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 Claremont McKenna and determine which ones you may be eligible for by continuing your exploration.
Claremont McKenna College average financial aid offer for freshmen students is $54,471.00. 51% of reshman students get financial aid, most of which is in the form of grants and scholarships
Financial aid helps reduce the cost, or the full retail price of the college. However, be aware that the only true college discount is scholarships & grants.
A student loan isn’t a genuine college price reduction, but rather an additional cost consideration. Discover how much student loan debt from Claremont McKenna College you could end up dealing with.
Financial awards given by a college or university to its students, known as institutional scholarships and grants, help to offset the cost of tuition and other education-related expenses. These awards fall into two categories: merit-based and need-based, and they do not need to be paid back. Merit-based institutional scholarships are granted to students who have shown outstanding academic accomplishments, special talents, or abilities in a particular field. Factors such as high school performance, standardized test results, or involvement in extracurricular activities often contribute to these scholarship decisions. Conversely, need-based institutional grants cater to students who demonstrate financial need. The awarded amount is typically based on the student’s family’s financial standing and is intended to cover the difference between the cost of attendance and the family’s ability to contribute. Colleges and universities might use data from the Free Application for Federal Student Aid (FAFSA) or other financial aid forms to determine a student’s eligibility for need-based grants. Institutional scholarships and grants are a vital source of financial support for students, as they can significantly reduce the cost of attending college and help make higher education more accessible.
The numbers below apply to scholarships and grants primarily provided by Claremont McKenna College.
44% of incoming freshmen (143 total) were awarded scholarships at Claremont McKenna College, averaging $50,240.00 a piece. This puts it the top 25th percentile among colleges and universities nationwide.
As well as scholarships, 20% of first-year students (65 total) got a federal grant, for about $5,703.00 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 | 5.79% | $71,088.00 |
| Income 30k-48k | 7.62% | $67,782.00 |
| Income 48k-75k | 7.93% | $60,513.00 |
| Income 75k-110k | 3.05% | $48,388.00 |
| Income 110k + | 8.54% | $33,227.00 |
The table above shows students who are receiving Title IV aid, which is federal assistance from the government in the form of grants, loans, and work-study. Learn more.
51% of the 328 undergraduates at Claremont McKenna College receive some sort of grant aid. This is a total of about 144 students getting an average of $54,471.00 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.