How Many Undergrads Receive Financial Assistance?
$32,200 is the normal Merrimack College's first year financial aid deal. Around 100.0% of incoming students get financial assistance, the majority of which is scholarships and grants.
Financial aid incorporates loans, grants, and scholarships. However, college loans have to be repaid, thus they are not a true discount.
Student debt really should be viewed as a consequence and not true financial aid. Learn more on student loan debt at Merrimack.
Number of Merrimack Scholarships & Grants
The stats listed below make reference to help which is provided by Merrimack College.
100.0% of freshmen (1,002 total) were given scholarships at Merrimack College, averaging $18,976 a piece. This puts it in the top 20th percentile of all colleges in the nation.
As well as scholarships, 20.0% of first years (197 total) were awarded federal grant aid, averaging $4,632 each.
How are scholarships and grants given away to first years at Merrimack? View the graph listed below.
Grants are normally need-based while scholarships are merit-based.
How Family Income Affects Financial Aid
Discover just how much scholarship and grant assistance you might plan to obtain according to your earnings. The table following displays first year students receiving federal Title IV aid including PLUS loans.
|Income Level||Percent of Freshman||Average Assistance|
|Income 110k +||38.5%||$17,460|
Title IV aid contains loans, grants, or work-study granted from the government commonly according to financial need. Learn more here.
The Standard Undergrad Receiving a Scholarship or Grant Will Get $18,999
3,142 Merrimack undergrads receive grant aid (this is around 92.0% of the complete student population). The typical amount these students receive is $18,999
Merrimack College Financial Aid Info
|Financial Aid Department Website||www.merrimack.edu/aid/|
|Net Price Calculator||www.collegecostcalculator.org/merrimack|