by our College Data Analytics TeamRather than paying the full sticker price for a college education, most students receive a financial aid package that eases the burden with scholarships, grants, loans, and work-study options, while the amount and type of aid may vary among students.
Discover the financial aid possibilities at Embry-Riddle Daytona Beach and learn what assistance you might qualify for by continuing to read.
$17,213.00 is the typical Embry-Riddle Aeronautical University - Daytona Beach’s first year financial aid package. 96% of reshman students get financial aid, most of which is in the form of grants and scholarships
Loans are included in the umbrella of ‘financial aid’, even so, the only true discount from the cost of college is a grant or scholarship that you don’t have to pay back.
Uneasy about the debt that may be included in your financial aid plan? Find the average amount of debt per student at Embry-Riddle Aeronautical University - Daytona Beach.
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 next numbers refer to grants and scholarships mainly supplied by the college itself.
94% of incoming freshmen (1599 total) were awarded scholarships at Embry-Riddle Aeronautical University - Daytona Beach, averaging $13,935.00 a piece. This puts it the top 25th percentile among colleges and universities nationwide.
In addition to scholarships, 26% of freshman students (445 total) obtained federal grant aid, averaging $6,066.00 a piece.
The next table shows grant and scholarship distributions by income for first-year students getting any form of federally-funded Title IV aid, including Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 10.69% | $24,439.00 |
| Income 30k-48k | 6.38% | $24,086.00 |
| Income 48k-75k | 8.33% | $19,256.00 |
| Income 75k-110k | 10.10% | $17,983.00 |
| Income 110k + | 22.21% | $16,035.00 |
The table above displays undergrads who are obtaining Title IV aid, federal aid from the government including loans, grants or work-study. Learn more here.
96% of the 1693 undergraduates at Embry-Riddle Aeronautical University - Daytona Beach receive some sort of grant aid. This is a total of about 1630 students getting an average of $17,213.00 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.