by our College Data Analytics TeamMany students attending Roosevelt University can expect to receive financial assistance in various forms, such as scholarships, grants, loans, and work-study programs, making the cost of attendance more manageable.
The amount of financial assistance and scholarships or grants you can get varies based on your circumstances. Keep reading to learn more to help you to know just how much aid and scholarships to expect from Roosevelt.
$21,796.00 is the typical Roosevelt University’s first year financial aid package. Approximately 98% of incoming freshmen obtain financial assistance, with the majority being offered as grants and scholarships.
Loans are included in the umbrella of ‘financial aid’, even so, the only true discount from the cost of college is a grant or scholarship that you don’t have to pay back.
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 Roosevelt University.
Institutional scholarships and grants are financial aid awards given by colleges and universities to help students manage tuition costs and other education-related expenses. These awards, which do not need to be repaid, can be classified as merit-based or need-based. Students who excel academically, possess unique talents, or have specific skills can be eligible for merit-based institutional scholarships. Factors such as high school performance, standardized test scores, or participation in extracurricular activities often contribute to eligibility for these scholarships. Need-based institutional grants, on the other hand, are awarded to students who demonstrate financial need. The amount given is generally based on the student’s family’s financial situation, aiming to cover the gap between the cost of attendance and the family’s capacity to pay. To assess a student’s eligibility for need-based grants, colleges and universities may rely on information from the Free Application for Federal Student Aid (FAFSA) or other financial aid forms. Institutional scholarships and grants are essential for students, as they can substantially lower college expenses and make higher education more affordable.
The numbers listed below make reference to help that is offered by Roosevelt University.
97% of first-year students (688 total) were offered scholarships at Roosevelt University, averaging $15,804.00 per person. This puts it the top 25th percentile among colleges and universities nationwide.
As well as scholarships, 61% of first-year students (435 total) got a federal grant, for about $5,494.00 per person.
The next table demonstrates grant and scholarship distributions by income level for freshmen getting any form of federally-funded Title IV aid, which includes Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 34.13% | $23,468.00 |
| Income 30k-48k | 15.45% | $25,002.00 |
| Income 48k-75k | 13.90% | $23,042.00 |
| Income 75k-110k | 8.01% | $20,598.00 |
| Income 110k + | 12.36% | $18,325.00 |
The table above displays students who are getting Title IV aid, federal aid from the government including loans, grants or work-study. Get more info on Title IV here.
Of the 712 undergraduate students at Roosevelt University around 98% (696 total) receive some form of grant aid. The typical amount awarded was $21,796.00.
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.