Understanding Financial Aid
Did you know financial assistance and scholarship or grant qualifications are determined by several conditions? 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?
$20,032 is the standard Elon University's first year financial aid plan. Approximately 51.0% of freshman students obtain some financial aid, most of which is scholarships and grants.
Financial aid incorporates scholarships, grants, and student loans. However, loans have to be paid back, thus they are not a real discount.
Worried about the student loans that may be part of a financial aid plan? Look at the average amount of debt per student at Elon University.
How Much is Offered in Grants & Scholarships?
The stats below refer to aid which is provided by Elon University.
50.0% of incoming freshmen (755 total) were offered scholarships at Elon University, averaging $10,866 per person. This puts it in the top 40th percentile of all colleges in the nation.116 first years also received a grant. About 8.0% Elon University freshmen obtained grants with an average of $4,497 each recipient.
The chart below shows the average amount of grand and scholarship aid distributed to all first year students.
Grants are typically need-based while scholarships are merit-based.
How Income Level Affects Aid
Learn how much grand and scholarship assistance you may expect to be given determined by your family income. The table below displays freshmen receiving federal Title IV aid which includes PLUS loans.
|Income Level||Percent of Freshman||Average Assistance|
|Income 110k +||23.3%||$5,192|
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.
$12,341 is the Typical Amount an Undergrad Receives in Grants or Scholarships
54.0% of the 5,782 undergraduate students at Elon University qualify for some form of grant aid. A total of about 3,136 students receiving about $12,341 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/|