by our College Data Analytics TeamThe total cost of attendance at Vernon College 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.
Interested in understanding the financial aid resources available at Vernon Regional Junior College and your eligibility? Find the answers you seek below.
$7,254.00 is the typical Vernon College’s first year financial aid package. About 93% of first year students receive financial aid, most of which is in the form of grants and scholarships.
Loans are included in the umbrella of ‘financial aid’, even so, the only true discount from the cost of college is a grant or scholarship that you don’t have to pay back.
Uneasy about the debt that may be included in your financial aid plan? Find the average amount of debt per student at Vernon College.
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 apply to scholarships and grants largely offered by the school itself.
30% of new students (82 total) were given scholarships at Vernon College, averaging $4,107.00 per student. This puts it in the top 50th percentile among colleges and universities nationwide.
As well as scholarships, 79% of first-year students (217 total) got a federal grant, for about $5,597.00 per person.
The table below shows grant and scholarship distributions by income for first-year students getting any sort of federally-funded Title IV aid, including Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 47.10% | $8,612.00 |
| Income 30k-48k | 13.77% | $6,753.00 |
| Income 48k-75k | 9.06% | $3,834.00 |
| Income 75k-110k | 4.35% | $2,420.00 |
| Income 110k + | 4.35% | $1,889.00 |
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.
93% of the 276 undergraduates at Vernon College receive some sort of grant aid. This is a total of about 250 students getting an average of $7,254.00 per person.The majority of which come in the form of Pell Grants.
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.