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.
Uncover the various financial aid options provided by Concordia College Moorhead and determine which ones you may be eligible for by continuing your exploration.
Concordia College at Moorhead average financial aid offer for freshmen students is $29,719.00. 100% of reshman students get financial aid, most of which is in the form of grants and scholarships
Student loans come included in financial aid packages, however, the only true discount off of the price of college is a grant or scholarship that you do not need to pay back.
A college loan is not a true college discount, but rather an outcome to consider. Find out how much student loan debt from Concordia College at Moorhead you may end up taking on.
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 following numbers pertain to assistance that is supplied by Concordia College at Moorhead.
100% of new students (516 total) were given scholarships at Concordia College at Moorhead, averaging $26,679.00 per student. This puts it the top 25th percentile among colleges and universities nationwide.
In addition to scholarships, 22% of freshman students (116 total) obtained federal grant aid, averaging $8,109.00 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 | 7.93% | $34,664.00 |
| Income 30k-48k | 7.74% | $36,465.00 |
| Income 48k-75k | 11.99% | $34,827.00 |
| Income 75k-110k | 13.93% | $31,589.00 |
| Income 110k + | 31.91% | $26,217.00 |
The table above displays undergrads who are getting Title IV aid, federal aid from the government including loans, grants or work-study. Learn more here.
517 Concordia College Moorhead undergrads obtain grant aid (this is about 100% of the entire undergraduate student population). The average amount these students receive is $29,719.00.
Check out the Tuition and Fees page or the Cost Per Credit Hour page to find out more.
References
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