by our College Data Analytics TeamA lot of students will not be asked to pay the full, advertised sticker price of a school. Instead, they will be given a financial aid offer that will include a combination of scholarships, grants, loans, and work-study. The price tag of going to Principia College can appear tremendous, but do not forget that almost all students obtain some kind of financial help.
What financial aid options can Principia offer, and what will you qualify for? Keep reading for more information. Read on to discover how much school funding could be available to you.
The amount of financial aid you can receive varies from person to person and will depend on your family’s economic situation. The figures below will help you estimate the aid you might receive from Principia College.
Financial aid, in the form of loans, grants, work-study, and scholarships, is one way colleges reduce the cost of attendance so most students can actually afford to attend. However, some types of aid are more desirable than others, and some students will receive more than others.
At Principia College, 90% of first-year full-time students received aid of some kind some 75 incoming students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 90% | $30,402 |
| Institutional grants & scholarships | 90% | $30,402 |
| Federal Pell grants | 0% | — |
| State/local grants | 0% | — |
| Federal student loans | 0% | — |
Because grants and scholarships do not have to be repaid, they are the most sought-after type of financial aid. At Principia, about 97% of undergrads got grants or scholarships worth on average $32,574 (across roughly 337 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 97% | $32,574 |
| Federal Pell grants | 0% | — |
| Federal student loans | 0% | — |
The figure below distills the debt data into a single burden category for Principia.
The Stafford program is the federal direct-loan vehicle most undergraduates use. Below is the annual Stafford program activity at Principia:
| Metric | Value |
|---|---|
| Stafford loan recipients | 23 |
| Total Stafford loan amount | $334,478 |
References
More about our data sources and methodologies.