by our College Data Analytics TeamThe total cost of attendance at Touro College can seem overwhelming, but remember that the majority of students receive some sort of financial assistance. This could be in the form of scholarships, grants, work-study, or loans.
What amount of Touro financial assistance will actually be available to you?Get answers to your questions here.
$10,257.00 is the typical Touro College’s first year financial aid package. Approximately 88% 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 Touro College.
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 following numbers apply to scholarships and grants largely offered by the school itself.
85% of first-year students (490 total) were offered scholarships at Touro College, averaging $6,232.00 per person. This puts it in the top 50th percentile among colleges and universities nationwide.
In addition to scholarships, 70% of first years (403 total) were awarded federal grant aid, averaging $3,491.00 each.
The table shows scholarship and grant allocations by income for first-year students receiving any type of federal Title IV assistance, including Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 25.30% | $13,341.00 |
| Income 30k-48k | 9.71% | $12,339.00 |
| Income 48k-75k | 4.68% | $8,945.00 |
| Income 75k-110k | 2.43% | $6,770.00 |
| Income 110k + | 5.55% | $5,164.00 |
The table above shows undergrads who are getting Title IV aid, which is federal assistance from the government in the form of grants, loans, and work-study. Learn more here.
505 Touro undergrads obtain grant aid (this is about 88% of the entire undergraduate student population). The average amount these students receive is $10,257.00.
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.