College Factual  by our College Data Analytics Team
       Unbiased Factual Guarantee

What Mars Hill Fin Aid Will You Get?

Rather 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.

However, some types of financial aid are definitely more desireable than others, and some students will receive more aid than others.Find out more by scrolling down the page.

On this page you’ll find:

What Amount of Financial Aid is Available for First Time Students at Mars Hill?

$26,761.00 is the typical Mars Hill University’s first year financial aid package. A significant 99% of freshmen benefit from financial aid, with the main type being grants and scholarships.

undefined

Is it a Discount?

Financial aid contains loans, grants, and scholarships. But college loans need to be repaid, thus they are not a real college discount.

Student Loans at Mars Hill University

We feel that loan debt ought to be regarded as a consequence instead of true financial aid. Learn more on student loan debt at Mars Hill University.

How Much Aid Is Available in Scholarships & Grants?

Financial awards given by a college or university to its students, known as institutional scholarships and grants, help to offset the cost of tuition and other education-related expenses. These awards fall into two categories: merit-based and need-based, and they do not need to be paid back. Merit-based institutional scholarships are granted to students who have shown outstanding academic accomplishments, special talents, or abilities in a particular field. Factors such as high school performance, standardized test results, or involvement in extracurricular activities often contribute to these scholarship decisions. Conversely, need-based institutional grants cater to students who demonstrate financial need. The awarded amount is typically based on the student’s family’s financial standing and is intended to cover the difference between the cost of attendance and the family’s ability to contribute. Colleges and universities might use data from the Free Application for Federal Student Aid (FAFSA) or other financial aid forms to determine a student’s eligibility for need-based grants. Institutional scholarships and grants are a vital source of financial support for students, as they can significantly reduce the cost of attending college and help make higher education more accessible.

The following numbers pertain to assistance that is supplied by Mars Hill University.

99% of new students (270 total) were given scholarships at Mars Hill University, averaging $20,068.00 per student. This puts it the top 25th percentile among colleges and universities nationwide.

As well as scholarships, 69% of freshmen (189 total) obtained a federal grant, for about $4,867.00 a piece.

undefined

Amount of Financial Assistance By Income Level

The following table displays scholarship and grant allocations by family income for freshman students receiving any kind of federal Title IV assistance, such as Federal PLUS loans.

Income LevelPercent of FreshmanAverage Assistance
Income 0-30k29.56%$28,805.00
Income 30k-48k17.52%$27,426.00
Income 48k-75k18.98%$25,768.00
Income 75k-110k10.95%$22,989.00
Income 110k +13.87%$21,125.00

Title IV Aid

The table above shows students who are obtaining Title IV aid, which is federal assistance from the government in the form of grants, loans, and work-study. Learn more here.

The Typical Undergraduate Who Gets a Grant or Scholarship Gets $26,761.00.

270 Mars Hill undergrads obtain grant aid (this is about 99% of the entire undergraduate student population). The average amount these students receive is $26,761.00.

Exploring the Cost Breakdown of Tuition and Fees?

Check out the Tuition and Fees page or the Cost Per Credit Hour page to find out more.

Notes and References

References

More about our data sources and methodologies.

Popular Reports

College Rankings
Best by Location
Degree Guides by Major
Graduate Programs

Compare Your School Options