by our College Data Analytics TeamThe total cost of attendance at Franciscan Missionaries of Our Lady University can seem overwhelming, but remember that the majority of students receive some sort of financial assistance. This could be in the form of scholarships, grants, work-study, or loans.
Interested in understanding the financial aid resources available at FranU and your eligibility? Find the answers you seek below.
$11,232.00 is the typical Franciscan Missionaries of Our Lady University’s first year financial aid package. 92% of first-year students are awarded financial aid, primarily comprising grants and scholarships.
Student loans come included in financial aid packages, however, the only true discount off of the price of college is a grant or scholarship that you do not need to pay back.
Concerned about the loans that may be included in your financial aid package? See the average amount of debt per student at Franciscan Missionaries of Our Lady University.
Institutional scholarships and grants refer to financial aid provided directly by a college or university to support students in covering their educational expenses. These awards can be either merit-based or need-based and do not require repayment. Merit-based institutional scholarships reward students who have demonstrated exceptional academic achievements, talents, or skills in specific areas. Such scholarships often take into account a student’s high school performance, standardized test scores, or extracurricular activities. On the other hand, need-based institutional grants are allocated to students who exhibit financial need. The amount awarded is usually determined by the student’s family’s financial circumstances and aims to cover the difference between the cost of attendance and the family’s capacity to pay. To assess eligibility for need-based grants, colleges and universities may use information from the Free Application for Federal Student Aid (FAFSA) or other financial aid forms. Institutional scholarships and grants play a crucial role in assisting students, as they can considerably lower the cost of college and make higher education more attainable.
The numbers listed below make reference to help that is offered by Franciscan Missionaries of Our Lady University.
53% of new students (38 total) were offered scholarships at Franciscan Missionaries of Our Lady University, averaging $5,898.00 per person. This puts it in the top 50th percentile among colleges and universities nationwide.
In addition to scholarships, 32% of freshman students (23 total) obtained federal grant aid, averaging $4,779.00 a piece.
The following table shows scholarship and grant allocations by income for first-year students receiving any form of federal Title IV assistance, including Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 12.50% | $11,365.00 |
| Income 30k-48k | 11.11% | $17,145.00 |
| Income 48k-75k | 11.11% | $12,655.00 |
| Income 75k-110k | 8.33% | $5,348.00 |
| Income 110k + | 9.72% | $4,888.00 |
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.
92% of the 72 undergraduates at Franciscan Missionaries of Our Lady University receive some sort of grant aid. This is a total of about 61 students getting an average of $11,232.00 per person.
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.