by our College Data Analytics TeamFinancial 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.
What financial aid options does Stevens offer, and what will you qualify for? Keep scrolling for answers.
Stevens Institute of Technology average financial aid offer for freshmen students is $30,288.00. 99% of reshman students get financial aid, most of which is in the form of 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 Stevens Institute of Technology.
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 below apply to scholarships and grants primarily provided by Stevens Institute of Technology.
99% of incoming freshmen (960 total) were awarded scholarships at Stevens Institute of Technology, averaging $27,491.00 a piece. This puts it the top 25th percentile among colleges and universities nationwide.
As well as scholarships, 22% of first-year students (209 total) got a federal grant, for about $5,982.00 per person.
The next table displays grant and scholarship distributions by family income for freshman students getting any kind of federally-funded Title IV aid, such as Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 9.29% | $43,197.00 |
| Income 30k-48k | 7.12% | $44,118.00 |
| Income 48k-75k | 7.74% | $42,108.00 |
| Income 75k-110k | 11.04% | $36,014.00 |
| Income 110k + | 35.81% | $26,001.00 |
The table above shows students who are receiving Title IV aid, which is federal assistance from the government in the form of grants, loans, and work-study. Learn more.
960 Stevens undergrads obtain grant aid (this is about 99% of the entire undergraduate student population). The average amount these students receive is $30,288.00.
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.
