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.
However, some types of financial aid are definitely more desireable than others, and some students will receive more aid than others.Find out more by scrolling down the page.
$8,706.00 is the typical Concord University’s first year financial aid package. 98% of reshman students get financial aid, most of which is in the form of grants and scholarships
Loans are a part of financial aid plans, but the only true college discount is a scholarship or grant that you don’t have to repay.
Concerned about the student loans that might be part of your financing deal? Look at the average amount of debt per student at Concord University.
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 numbers listed below make reference to help that is offered by Concord University.
69% of first-year students (253 total) were offered scholarships at Concord University, averaging $5,825.00 per person. This puts it in the top 50th percentile among colleges and universities nationwide.
As well as scholarships, 56% of first-year students (205 total) got a federal grant, for about $5,101.00 per person.
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 | 29.23% | $9,754.00 |
| Income 30k-48k | 9.02% | $9,487.00 |
| Income 48k-75k | 11.20% | $8,502.00 |
| Income 75k-110k | 5.46% | $4,527.00 |
| Income 110k + | 4.10% | $3,870.00 |
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.
342 Concord University undergrads obtain grant aid (this is about 98% of the entire undergraduate student population). The average amount these students receive is $8,706.00.
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.
