The Importance of Understanding Financial Aid
Do you know financial aid and scholarship qualifications are based on different criteria? Read on to learn more on how much financial aid and scholarships you can expect from ECPI University.
What Amount of Financial Aid is Available?
ECPI University's normal financial aid plan for newly arriving freshmen is $14,104. About 75.0% of new students get some form of financial aid, most of which is in the form of loans.
Financial aid helps reduce the cost, or the "sticker" price of the college. However, be aware that the only true college discount are scholarships & grants.
Worried about the student loans that may be included in your financial aid plan? Look at the average amount of debt per student at ECPI University.
How Much Aid Is Offered That Is Not Loans?
The numbers below refer to grants and scholarships mainly offered by ECPI University.
25.0% of new students (354 total) were offered scholarships at ECPI University, averaging $3,555 a piece. This puts it in the bottom 40th percentile of all schools nationwide.
As well as scholarships, 67.0% of freshmen (964 total) received federal grant aid, for about $4,857 a person.
View the average quantity of grants and scholarships first years get by studying the graph below.
Grants are usually based on need while scholarships are merit-based.
Amount of Financial Assistance Per Family Income
Determine what amount of scholarship and grant aid you can plan to get according to your earnings. The table below shows freshman students getting Title IV assistance including PLUS loans.
|Income Level||Percent of Freshman||Average Assistance|
|Income 110k +||3.2%||$2,257|
Education funding from the government available as loans, grants, and work-study is known as Title IV aid. Get more info on Title IV here..
$4,948 is the Standard Total an Undergrad Will Get in Scholarships or Grants
59.0% of the 11,648 undergraduate students at ECPI University qualify for some kind of grant aid. This is a total of approximately 6,900 students getting an average of $4,948 each. The most of which are in the form of Pell Grants.
Financial Aid Links from ECPI University
|Financial Aid Department Website||www.ecpi.edu/financial-assistance|
|Net Price Calculator||https://www.npc.ecpi.edu/|