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 UMass Lowell and your eligibility? Find the answers you seek below.
University of Massachusetts - Lowell average financial aid offer for freshmen students is $9,941.00. Approximately 91% of incoming freshmen obtain financial assistance, with the majority being offered as 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.
Worried about the student loans that might be part of a financing offer? View the average amount of debt per student at University of Massachusetts - Lowell.
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 following numbers pertain to assistance that is supplied by University of Massachusetts - Lowell.
77% of first-year students (1801 total) were offered scholarships at University of Massachusetts - Lowell, averaging $8,084.00 per person. This puts it in the top 50th percentile among colleges and universities nationwide.
In addition to scholarships, 47% of first years (1112 total) were awarded federal grant aid, averaging $4,298.00 each.
The next table shows grant and scholarship distributions by income for first-year students getting any form of federally-funded Title IV aid, including Federal PLUS loans.Income Level Percent of Freshman Average Assistance Income 0-30k 11.82% $16,677.00 Income 30k-48k 8.89% $15,050.00 Income 48k-75k 11.56% $12,061.00 Income 75k-110k 8.97% $6,662.00 Income 110k + 14.33% $2,576.00
The table above displays undergrads who are getting Title IV aid, federal aid from the government including loans, grants or work-study. Learn more here.
1913 UMass Lowell undergrads obtain grant aid (this is about 91% of the entire undergraduate student population). The average amount these students receive is $9,941.00.
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.