What is in a Normal Financial Aid Offer at Magdalen College
Magdalen College of the Liberal Arts' average financial aid plan for newly arriving freshmen is $28,804. Approximately 100.0% of new students get some type of financial aid, most of which is scholarships and grants.
Loans are a part of financial aid packages, even so the only true college discount is a scholarship or grant that you don't have to repay.
A loan is not a genuine college discount, but rather an outcome to consider. Discover how much student loan debt from Magdalen College you may end up taking on.
Number of Magdalen College Scholarships & Grants
The numbers below apply to grants and scholarships mainly offered by Magdalen College of the Liberal Arts.
100.0% of incoming freshmen (24 total) were given scholarships at Magdalen College of the Liberal Arts, averaging $20,101 a piece. This puts it in the top 20th percentile of all schools in the nation.
In addition to scholarships, 54.0% of freshmen (13 total) received a federal grant, for about $4,234 a person.
View the typical quantity of grants and scholarships first years receive by checking out the chart below.
Grants are typically based on need while scholarships are merit-based.
Amount of Financial Aid Per Family Income
The next chart displays grant and scholarship distributions by family income for freshmen receiving any form of federal Title IV assistance, such as Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 8.3% | $25,099 |
| Income 30k-48k | 12.5% | $25,412 |
| Income 48k-75k | 29.2% | $28,000 |
| Income 75k-110k | 16.7% | $19,059 |
| Income 110k + | 8.3% | $19,999 |
Title IV aid features loans, grants, or work-study granted by the federal government typically based on need. Learn more here.
$21,877 is the Average Total an Undergrad Will Get in Grants or Scholarships
78 Magdalen College students receive grants (this is about 94.0% of the complete student population). The typical amount these students receive is $21,877
Go to the Tuition and Fees page or the Cost Per Credit Hour page to learn more.
Financial Aid Links from Magdalen College of the Liberal Arts
| Financial Aid Department Website | www.magdalen.edu |
| Net Price Calculator | magdalen.edu/admissions-mc/financial-aid/federal-aid/ |
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