by our College Data Analytics TeamMost college students will not be charged the full price tag of a school. Instead, they will be offered a financial aid package that includes a combination of loans, grants, scholarships and possibly work-study opportunities.
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 Sterling.
Sterling College average financial aid offer for freshmen students is $33,627.00. 100% of first-year students are awarded financial aid, primarily comprising grants and scholarships.
Financial aid helps reduce the cost, or the full retail price of the college. However, be aware that the only true college discount is scholarships & grants.
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 Sterling College.
Colleges and universities offer institutional scholarships and grants as financial assistance to help students cover tuition fees and other educational costs. These awards, which do not require repayment, can be merit-based or need-based. Merit-based institutional scholarships recognize students who have exceptional academic records, special talents, or skills in particular areas. Eligibility for these scholarships often depends on factors such as a student’s high school performance, standardized test scores, or involvement in extracurricular activities. In contrast, need-based institutional grants are designed for students who show financial need. The amount awarded usually depends on the student’s family’s financial condition and aims.
The numbers listed below make reference to help that is offered by Sterling College.
100% of first-year students (24 total) were offered scholarships at Sterling College, averaging $28,153.00 per person. This puts it the top 25th percentile among colleges and universities nationwide.
In addition to scholarships, 88% of first-year students (21 total) got federal grant aid, averaging $4,955.00 per person.
The table following demonstrates grant and scholarship distributions by income level for freshmen getting any sort of federally-funded Title IV aid, which includes Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 25.00% | $43,899.00 |
| Income 30k-48k | 20.83% | $39,668.00 |
| Income 48k-75k | 16.67% | $37,684.00 |
| Income 75k-110k | 16.67% | $32,960.00 |
| Income 110k + | 8.33% | $26,626.00 |
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.
24 Sterling undergrads obtain grant aid (this is about 100% of the entire undergraduate student population). The average amount these students receive is $33,627.00.
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.