by our College Data Analytics TeamThe majority of college students don’t pay the full price for their education, as financial aid packages, including scholarships, grants, loans, and work-study opportunities, help to offset the costs.
The amount of financial assistance and scholarships or grants you can get varies based on your circumstances. Keep reading to learn more to help you to know just how much aid and scholarships to expect from Franciscan U.
$14,617.00 is the typical Franciscan University of Steubenville’s first year financial aid package. A significant 99% of freshmen benefit from financial aid, with the main type being grants and scholarships.
Student loans come included in financial aid packages, however, the only true discount off of the price of college is a grant or scholarship that you do not need to pay back.
Student debt should be thought of as an “outcome” rather than “aid”. Read more about student loan debt at Franciscan University of Steubenville.
Institutional scholarships and grants refer to financial aid provided directly by a college or university to support students in covering their educational expenses. These awards can be either merit-based or need-based and do not require repayment. Merit-based institutional scholarships reward students who have demonstrated exceptional academic achievements, talents, or skills in specific areas. Such scholarships often take into account a student’s high school performance, standardized test scores, or extracurricular activities. On the other hand, need-based institutional grants are allocated to students who exhibit financial need. The amount awarded is usually determined by the student’s family’s financial circumstances and aims to cover the difference between the cost of attendance and the family’s capacity to pay. To assess eligibility for need-based grants, colleges and universities may use information from the Free Application for Federal Student Aid (FAFSA) or other financial aid forms. Institutional scholarships and grants play a crucial role in assisting students, as they can considerably lower the cost of college and make higher education more attainable.
The following numbers apply to scholarships and grants largely offered by the school itself.
96% of first-year students (465 total) were offered scholarships at Franciscan University of Steubenville, averaging $13,840.00 per person. This puts it the top 25th percentile among colleges and universities nationwide.
As well as scholarships, 26% of first-year students (127 total) got a federal grant, for about $4,247.00 per person.
The next table displays grant and scholarship distributions by family income for freshman students getting any kind of federally-funded Title IV aid, such as Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 5.17% | $22,998.00 |
| Income 30k-48k | 5.58% | $21,618.00 |
| Income 48k-75k | 11.98% | $18,148.00 |
| Income 75k-110k | 18.60% | $16,792.00 |
| Income 110k + | 45.04% | $14,318.00 |
The table above displays students who are getting Title IV aid, federal aid from the government including loans, grants or work-study. Get more info on Title IV here.
481 Franciscan U undergrads obtain grant aid (this is about 99% of the entire undergraduate student population). The average amount these students receive is $14,617.00.
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.
