by our College Data Analytics TeamMost students won’t pay the advertised price of a school. Instead, they will be provided with a financial aid plan that includes a mix of scholarships, grants, loans, and work-study. But some kinds of aid are more desirable than others, and some students will get more than others.
What amount of Branch of Stevens-Henager College financial assistance will actually be available to you?Get answers to your questions here.
Independence University average financial aid offer for freshmen students is $6,221.00. Financial aid is provided to about 98% of first-year students, with the bulk of support coming in the form of loans.
Financial aid contains loans, grants, and scholarships. But college loans need to be repaid, thus they are not a real college discount.
Concerned about the student loans that might be part of your financing deal? Look at the average amount of debt per student at Independence University.
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 numbers listed below make reference to help that is offered by Independence University.
10% of incoming freshmen (198 total) were awarded scholarships at Independence University, averaging $4,260.00 a piece. This puts it in the top 50th percentile among colleges and universities nationwide.
In addition to scholarships, 92% of freshman students (1773 total) obtained federal grant aid, averaging $5,724.00 a piece.
Amount of Financial Assistance Per Income Level
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 | 64.22% | $6,758.00 |
| Income 30k-48k | 16.52% | $4,909.00 |
| Income 48k-75k | 5.39% | $4,299.00 |
| Income 75k-110k | 3.68% | $2,912.00 |
| Income 110k + | 0.00% | $0.00 |
The table above shows undergrads who are getting Title IV aid, which is federal assistance from the government in the form of grants, loans, and work-study. Learn more here.
98% of the 1931 undergraduates at Independence University receive some sort of grant aid. This is a total of about 1773 students getting an average of $6,221.00 per person.Most of them are distributed as Pell Grants.
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.