Understanding Financial Aid
The amount of financial assistance and scholarships you can get varies based on your needs. Here you'll learn more to enable you to understand how much aid and scholarships to expect from Elon University.
What Amount of Financial Assistance is Available?
$20,249 is the standard Elon University's first year financial aid plan. Approximately 53.0% of freshman students obtain some financial aid, most of which is in the form of scholarships and grants.
Financial aid helps reduce the expense, or the "sticker" price of the institution. However, bear in mind that the only true discounts off the cost of college are in the form of grants and scholarships.
Student debt should be viewed as an "outcome" rather than "aid". Learn more on student loan debt at Elon University.
Number of Elon University Grants & Scholarships
The next numbers apply to grants and scholarships mainly provided by Elon University.
52.0% of incoming freshmen (800 total) were offered scholarships at Elon University, averaging $11,188 per person. This puts it in the top 40th percentile of all colleges in the nation.
113 first years also received a grant. About 7.0% of Elon University freshmen obtained grants with an average of $5,027 each recipient.
The chart below shows the average amount of grant and scholarship aid distributed to all first year students.
Grants are typically need-based while scholarships are merit-based.
Financial Aid by Income Level
The chart below shows scholarship and grant allocations by income level for first year students receiving any type of federally-funded Title IV aid, including Federal PLUS loans.
|Income Level||Percent of Freshman||Average Assistance|
|Income 110k +||21.2%||$5,032|
The table above displays undergrads who are receiving Title IV aid which is federal assistance from the government in the form of loans, grants or work-study. Learn more.
$12,562 is the Typical Amount an Undergrad Receives in Grants or Scholarships
54.0% of the 5,903 undergraduate students at Elon University qualify for some form of grant aid. A total of about 3,200 students receiving about $12,562 each.
Elon University Financial Aid Information
|Financial Aid Department Website||www.elon.edu/e-web/admissions/FinancialAid/|
|Net Price Calculator||www.elon.edu/e-web/admissions/FinancialAid/|