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.
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.
Molloy College average financial aid offer for freshmen students is $19,150.00. 99% of reshman students get financial aid, most of which is in the form of grants and scholarships
Financial aid helps lower the cost, or the full retail price of the institution. But bear in mind that the only true college discount is scholarships & grants.
Student debt really should be considered to be an added expense and not as “aid” or a “discount”. Find more about student loan debt at Molloy College.
Colleges and universities offer institutional scholarships and grants as financial assistance to help students cover tuition fees and other educational costs. These awards, which do not require repayment, can be merit-based or need-based. Merit-based institutional scholarships recognize students who have exceptional academic records, special talents, or skills in particular areas. Eligibility for these scholarships often depends on factors such as a student’s high school performance, standardized test scores, or involvement in extracurricular activities. In contrast, need-based institutional grants are designed for students who show financial need. The amount awarded usually depends on the student’s family’s financial condition and aims.
The next numbers refer to grants and scholarships mainly supplied by the college itself.
96% of incoming freshmen (558 total) were awarded scholarships at Molloy College, averaging $15,716.00 a piece. This puts it the top 25th percentile among colleges and universities nationwide.
In addition to scholarships, 38% of first years (222 total) were awarded federal grant aid, averaging $6,286.00 each.
The table below demonstrates scholarship and grant allocations by income level for freshmen receiving any type of federal Title IV assistance, which includes Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 13.47% | $26,545.00 |
| Income 30k-48k | 10.19% | $23,556.00 |
| Income 48k-75k | 10.02% | $20,619.00 |
| Income 75k-110k | 6.91% | $18,540.00 |
| Income 110k + | 30.92% | $15,108.00 |
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.
559 Molloy undergrads obtain grant aid (this is about 99% of the entire undergraduate student population). The average amount these students receive is $19,150.00.
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.