by our College Data Analytics TeamThe total cost of attendance at University of Mobile 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.
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 University of Mobile.
University of Mobile average financial aid offer for freshmen students is $15,129.00. Financial aid is provided to about 98% of first-year students, with the bulk of support coming in the form of grants and scholarships.
Financial aid helps lower the cost, or the full retail price of the institution. But bear in mind that the only true college discount is scholarships & grants.
A loan is not a legitimate college discount, but rather an outcome to consider. See how much student loan debt from University of Mobile you may end up taking on.
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.
97% of incoming freshmen (259 total) were given scholarships at University of Mobile, averaging $12,372.00 per student. This puts it the top 25th percentile among colleges and universities nationwide.
As well as scholarships, 37% of freshmen (98 total) received a federal grant, for about $5,224.00 a person.
The following table displays scholarship and grant allocations by family income for freshman students receiving any kind of federal Title IV assistance, such as Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 19.17% | $17,237.00 |
| Income 30k-48k | 10.53% | $16,542.00 |
| Income 48k-75k | 12.03% | $12,355.00 |
| Income 75k-110k | 14.29% | $10,563.00 |
| Income 110k + | 15.04% | $10,341.00 |
The table above displays undergrads who are obtaining Title IV aid, federal aid from the government including loans, grants or work-study. Learn more here.
261 University of Mobile undergrads obtain grant aid (this is about 98% of the entire undergraduate student population). The average amount these students receive is $15,129.00.
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.