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What Kind of University of Scranton Fin Aid Could You Get?

Most college students will not be charged the full price tag of a school. Instead, they will be offered a financial aid package that includes a combination of loans, grants, scholarships and possibly work-study opportunities.

Discover the financial aid possibilities at University of Scranton and learn what assistance you might qualify for by continuing to read.

Covered on this Page:

What is Inside a Typical Financial Aid Package at University of Scranton?

$26,510.00 is the typical University of Scranton’s first year financial aid package. Financial aid is provided to about 99% of first-year students, with the bulk of support coming in the form of grants and scholarships.

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Is it a True Discount?

A financial aid package includes loans, grants, and scholarships. However, student loans have to be paid back, so they aren’t a true discount.

What About College Loans?

A student loan isn’t a genuine college price reduction, but rather an additional cost consideration. Discover how much student loan debt from University of Scranton you could end up dealing with.

How Much Aid Is Offered That I Don’t Have to Pay Back? A.K.A. Scholarships & Grants

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 numbers below apply to scholarships and grants primarily provided by University of Scranton.

95% of incoming freshmen (944 total) were given scholarships at University of Scranton, averaging $25,098.00 per student. This puts it the top 25th percentile among colleges and universities nationwide.

As well as scholarships, 42% of freshmen (413 total) obtained a federal grant, for about $2,989.00 a piece.

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Amount of Financial Assistance Per Income Level

The table below demonstrates scholarship and grant allocations by income level for freshmen receiving any type of federal Title IV assistance, which includes Federal PLUS loans.

Income LevelPercent of FreshmanAverage Assistance
Income 0-30k9.36%$38,054.00
Income 30k-48k6.24%$39,213.00
Income 48k-75k7.44%$32,536.00
Income 75k-110k11.37%$29,482.00
Income 110k +38.33%$22,547.00

Title IV Aid

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.

The Average Undergrad Who Gets a Scholarship or Grant Gets $26,510.00.

99% of the 994 undergraduates at University of Scranton receive some sort of grant aid. This is a total of about 961 students getting an average of $26,510.00 per person.

Seeking Information on Tuition and Fee Expenses?

Check out the Tuition and Fees page or the Cost Per Credit Hour page to find out more.

Information about University of Scranton’s Financial Aid.

Notes and References

References

More about our data sources and methodologies.

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