by our College Data Analytics TeamMany students attending Elon University can expect to receive financial assistance in various forms, such as scholarships, grants, loans, and work-study programs, making the cost of attendance more manageable.
Interested in understanding the financial aid resources available at Elon and your eligibility? Find the answers you seek below.
$13,111.00 is the typical Elon University’s first year financial aid package. Approximately 73% of incoming freshmen obtain financial assistance, with the majority being offered as 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.
Concerned about the loans that may be included in your financial aid package? See the average amount of debt per student at Elon University.
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 stats below refer to aid that is provided by Elon University.
66% of first-year students (1092 total) were offered scholarships at Elon University, averaging $12,355.00 per person. This puts it the top 25th percentile among colleges and universities nationwide.
As well as scholarships, 10% of freshmen (165 total) obtained a federal grant, for about $4,969.00 a piece.
The following table shows scholarship and grant allocations by income for first-year students receiving any form of federal Title IV assistance, including Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 3.86% | $25,096.00 |
| Income 30k-48k | 2.59% | $31,825.00 |
| Income 48k-75k | 5.06% | $22,678.00 |
| Income 75k-110k | 4.88% | $18,659.00 |
| Income 110k + | 21.34% | $8,475.00 |
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.
73% of the 1659 undergraduates at Elon University receive some sort of grant aid. This is a total of about 1124 students getting an average of $13,111.00 per person.
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.