by our College Data Analytics TeamMost college students will not be charged the full price tag of a school. Instead, they will be offered a financial aid package that includes a combination of loans, grants, scholarships and possibly work-study opportunities.
Uncover the various financial aid options provided by Howard Payne and determine which ones you may be eligible for by continuing your exploration.
Howard Payne University average financial aid offer for freshmen students is $16,773.00. A significant 86% of freshmen benefit from financial aid, with the main type being 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.
A college loan is not a true college discount, but rather an outcome to consider. Find out how much student loan debt from Howard Payne University you may end up taking on.
Institutional scholarships and grants are financial aid awards given by colleges and universities to help students manage tuition costs and other education-related expenses. These awards, which do not need to be repaid, can be classified as merit-based or need-based. Students who excel academically, possess unique talents, or have specific skills can be eligible for merit-based institutional scholarships. Factors such as high school performance, standardized test scores, or participation in extracurricular activities often contribute to eligibility for these scholarships. Need-based institutional grants, on the other hand, are awarded to students who demonstrate financial need. The amount given is generally based on the student’s family’s financial situation, aiming to cover the gap between the cost of attendance and the family’s capacity to pay. To assess a student’s eligibility for need-based grants, colleges and universities may rely on information from the Free Application for Federal Student Aid (FAFSA) or other financial aid forms. Institutional scholarships and grants are essential for students, as they can substantially lower college expenses and make higher education more affordable.
The following numbers pertain to assistance that is supplied by Howard Payne University.
86% of incoming freshmen (211 total) were given scholarships at Howard Payne University, averaging $12,783.00 per student. This puts it the top 25th percentile among colleges and universities nationwide.
As well as scholarships, 62% of first-year students (152 total) got a federal grant, for about $3,173.00 per person.
The next table demonstrates grant and scholarship distributions by income level for freshmen getting any form of federally-funded Title IV aid, which includes Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 18.70% | $25,720.00 |
| Income 30k-48k | 9.76% | $19,366.00 |
| Income 48k-75k | 16.26% | $16,170.00 |
| Income 75k-110k | 15.04% | $15,581.00 |
| Income 110k + | 12.60% | $11,803.00 |
The table above shows students who are receiving Title IV aid, which is federal assistance from the government in the form of grants, loans, and work-study. Learn more.
212 Howard Payne undergrads obtain grant aid (this is about 86% of the entire undergraduate student population). The average amount these students receive is $16,773.00.
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.