Understanding Financial Aid for You
Do you know financial assistance and scholarship or grant qualifications are determined by several requirements? Here you will learn more to enable you to know the amount of financial aid and scholarships you can expect from College of Our Lady of the Elms.
What Percentage of Undergrads Get Financial Assistance?
$28,626 is the typical College of Our Lady of the Elms' first year financial aid plan. Approximately 99.0% of freshman students receive some kind of financial assistance, the majority of which is scholarships and grants.
Financial aid helps reduce the expense, or the full retail price of the institution. However, bear in mind that the only true discounts off the cost of college are in the form of grants and scholarships.
Worried about the student loans that may be part of a financial aid plan? Find the average amount of debt per student at Elms College.
How Much Aid Is Available That I Don't Have to Pay Back? (A.K.A. Scholarships & Grants)
The stats following pertain to assistance which is offered by College of Our Lady of the Elms.
98.0% of first year students (178 total) were offered scholarships at College of Our Lady of the Elms, averaging $18,096 per student. This puts it in the top 20th percentile of all colleges in the country.
84 freshman students were awarded federal grant aid. About 46.0% of Elms College freshmen obtained grants around $4,545 each recipient.
How are scholarships and grants dispersed to first years at Elms College? Look at the data listed below.
Scholarships are awarded based on merit or special ability, while grants are given based on need.
Amount of Financial Assistance By Income Level
The chart following demonstrates scholarship and grant distributions by income level for freshmen getting any form of federally-funded Title IV aid, which includes Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 20.9% | $25,971 |
| Income 30k-48k | 14.3% | $21,556 |
| Income 48k-75k | 14.3% | $24,463 |
| Income 75k-110k | 15.4% | $18,164 |
| Income 110k + | 23.1% | $17,795 |
Education funding by the federal government by means of grants, loans, or work-study is referred to as Title IV aid. Get more info on Title IV here..
$15,914 is the Typical Total an Undergrad Will Get in Grants or Scholarships
1,037 Elms College undergrads obtain grant aid (this is around 79.0% of the total student population). The average amount these students obtain is $15,914
College of Our Lady of the Elms Financial Aid Links
| Financial Aid Department Website | https://www.elms.edu/academics/undergraduate/tuition-and-financial-aid/index |
| Net Price Calculator | https://tcc.noellevitz.com/(S(fwtmfnosjzw40vqinl1pafji))/Elms%20College/Freshman-Students |
