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.
Interested in understanding the financial aid resources available at Sacred Heart and your eligibility? Find the answers you seek below.
Sacred Heart University average financial aid offer for freshmen students is $18,506.00. A significant 100% of freshmen benefit from financial aid, with the main type being grants and scholarships.
Financial aid contains loans, grants, and scholarships. But college loans need to be repaid, thus they are not a real college discount.
A loan is not a legitimate college discount, but rather an outcome to consider. See how much student loan debt from Sacred Heart University you may end up taking on.
Financial awards given by a college or university to its students, known as institutional scholarships and grants, help to offset the cost of tuition and other education-related expenses. These awards fall into two categories: merit-based and need-based, and they do not need to be paid back. Merit-based institutional scholarships are granted to students who have shown outstanding academic accomplishments, special talents, or abilities in a particular field. Factors such as high school performance, standardized test results, or involvement in extracurricular activities often contribute to these scholarship decisions. Conversely, need-based institutional grants cater to students who demonstrate financial need. The awarded amount is typically based on the student’s family’s financial standing and is intended to cover the difference between the cost of attendance and the family’s ability to contribute. Colleges and universities might use data from the Free Application for Federal Student Aid (FAFSA) or other financial aid forms to determine a student’s eligibility for need-based grants. Institutional scholarships and grants are a vital source of financial support for students, as they can significantly reduce the cost of attending college and help make higher education more accessible.
The numbers below apply to scholarships and grants primarily provided by Sacred Heart University.
98% of new students (1566 total) were offered scholarships at Sacred Heart University, averaging $17,731.00 per person. This puts it the top 25th percentile among colleges and universities nationwide.
In addition to scholarships, 92% of first years (1467 total) were awarded federal grant aid, averaging $1,419.00 each.
The table below shows grant and scholarship distributions by income for first-year students getting any sort of federally-funded Title IV aid, including Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 5.68% | $25,137.00 |
| Income 30k-48k | 4.43% | $26,107.00 |
| Income 48k-75k | 5.87% | $21,814.00 |
| Income 75k-110k | 8.68% | $18,204.00 |
| Income 110k + | 39.66% | $17,355.00 |
The table above displays undergrads who are getting Title IV aid, federal aid from the government including loans, grants or work-study. Learn more here.
1590 Sacred Heart undergrads obtain grant aid (this is about 100% of the entire undergraduate student population). The average amount these students receive is $18,506.00.
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.
