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.
What financial aid options does Spalding offer, and what will you qualify for? Keep scrolling for answers.
Spalding University average financial aid offer for freshmen students is $15,153.00. About 99% of first year students receive financial aid, most of which is in the form of 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.
Uneasy about the debt that may be included in your financial aid plan? Find the average amount of debt per student at Spalding 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 below apply to scholarships and grants primarily provided by Spalding University.
92% of first-year students (125 total) were offered scholarships at Spalding University, averaging $9,016.00 per person. This puts it the top 25th percentile among colleges and universities nationwide.
As well as scholarships, 54% of freshmen (73 total) obtained a federal grant, for about $5,102.00 a piece.
The following table displays scholarship and grant allocations by family income for freshman students receiving any kind of federal Title IV assistance, such as Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 24.26% | $17,511.00 |
| Income 30k-48k | 16.18% | $19,222.00 |
| Income 48k-75k | 14.71% | $17,939.00 |
| Income 75k-110k | 13.24% | $13,290.00 |
| Income 110k + | 15.44% | $11,744.00 |
The table above displays undergrads who are obtaining Title IV aid, federal aid from the government including loans, grants or work-study. Learn more here.
134 Spalding undergrads obtain grant aid (this is about 99% of the entire undergraduate student population). The average amount these students receive is $15,153.00.
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.