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.
Curious about the financial aid opportunities at Daemen College and what you may be eligible for? Explore the answers here.
$21,441.00 is the typical Daemen College’s first year financial aid package. About 100% of first year students receive financial aid, most of which is in the form of grants and scholarships.
Financial aid helps decrease the expense, or the “sticker” price of the school. But keep in mind that the only real discounts off the cost of college are in the form of grants and scholarships.
Student debt should be thought of as an “outcome” rather than “aid”. Read more about student loan debt at Daemen College.
Colleges and universities offer institutional scholarships and grants as financial assistance to help students cover tuition fees and other educational costs. These awards, which do not require repayment, can be merit-based or need-based. Merit-based institutional scholarships recognize students who have exceptional academic records, special talents, or skills in particular areas. Eligibility for these scholarships often depends on factors such as a student’s high school performance, standardized test scores, or involvement in extracurricular activities. In contrast, need-based institutional grants are designed for students who show financial need. The amount awarded usually depends on the student’s family’s financial condition and aims.
The following numbers apply to scholarships and grants largely offered by the school itself.
100% of new students (412 total) were given scholarships at Daemen College, averaging $17,698.00 per student. This puts it the top 25th percentile among colleges and universities nationwide.
In addition to scholarships, 51% of first years (211 total) were awarded federal grant aid, averaging $4,585.00 each.
The table shows scholarship and grant allocations by income for first-year students receiving any type of federal Title IV assistance, including Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 13.59% | $31,319.00 |
| Income 30k-48k | 11.17% | $28,168.00 |
| Income 48k-75k | 12.38% | $24,602.00 |
| Income 75k-110k | 19.17% | $18,830.00 |
| Income 110k + | 27.43% | $16,294.00 |
The table above shows undergrads who are getting Title IV aid, which is federal assistance from the government in the form of grants, loans, and work-study. Learn more here.
412 Daemen College undergrads obtain grant aid (this is about 100% of the entire undergraduate student population). The average amount these students receive is $21,441.00.
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.
