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.
Discover the financial aid possibilities at Vanderbilt and learn what assistance you might qualify for by continuing to read.
$47,344.00 is the typical Vanderbilt University’s first year financial aid package. A significant 67% of freshmen benefit from financial aid, with the main type being grants and scholarships.
A financial aid package includes loans, grants, and scholarships. However, student loans have to be paid back, so they aren’t a true discount.
We feel that loan debt ought to be regarded as a consequence instead of true financial aid. Learn more on student loan debt at Vanderbilt University.
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 numbers below apply to scholarships and grants primarily provided by Vanderbilt University.
62% of incoming freshmen (986 total) were awarded scholarships at Vanderbilt University, averaging $45,312.00 a piece. This puts it the top 25th percentile among colleges and universities nationwide.
In addition to scholarships, 22% of first years (347 total) were awarded federal grant aid, averaging $5,621.00 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 | 3.87% | $69,972.00 |
| Income 30k-48k | 6.55% | $68,496.00 |
| Income 48k-75k | 6.36% | $65,454.00 |
| Income 75k-110k | 4.74% | $57,512.00 |
| Income 110k + | 10.79% | $32,639.00 |
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.
Of the 1603 undergraduate students at Vanderbilt University around 67% (1001 total) receive some form of grant aid. The typical amount awarded was $47,344.00.
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.