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 University of Advancing Technology and your eligibility? Find the answers you seek below.
University of Advancing Technology average financial aid offer for freshmen students is $14,550.00. About 89% of first year students receive financial aid, most of which is in the form of 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.
We feel that loan debt ought to be regarded as a consequence instead of true financial aid. Learn more on student loan debt at University of Advancing Technology.
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 next numbers refer to grants and scholarships mainly supplied by the college itself.
73% of incoming freshmen (96 total) were awarded scholarships at University of Advancing Technology, averaging $8,081.00 a piece. This puts it in the top 50th percentile among colleges and universities nationwide.
As well as scholarships, 71% of freshmen (94 total) received a federal grant, for about $6,208.00 a 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 | 50.00% | $14,558.00 |
| Income 30k-48k | 7.58% | $10,606.00 |
| Income 48k-75k | 9.09% | $9,064.00 |
| Income 75k-110k | 1.52% | $3,485.00 |
| Income 110k + | 1.52% | $5,000.00 |
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.
89% of the 132 undergraduates at University of Advancing Technology receive some sort of grant aid. This is a total of about 96 students getting an average of $14,550.00 per person.
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.