by our College Data Analytics TeamMost students won’t pay the advertised price of a school. Instead, they will be provided with a financial aid plan that includes a mix of scholarships, grants, loans, and work-study. But some kinds of aid are more desirable than others, and some students will get more than others.
Curious about the financial aid opportunities at Alfred and what you may be eligible for? Explore the answers here.
Alfred University average financial aid offer for freshmen students is $24,135.00. A significant 99% of freshmen benefit from financial aid, with the main type being grants and scholarships.
Student loans come included in financial aid packages, however, the only true discount off of the price of college is a grant or scholarship that you do not need to pay back.
Worried about the student loans that might be part of a financing offer? View the average amount of debt per student at Alfred University.
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 Alfred University.
99% of incoming freshmen (453 total) were awarded scholarships at Alfred University, averaging $19,560.00 a piece. This puts it the top 25th percentile among colleges and universities nationwide.
As well as scholarships, 51% of first-year students (235 total) got a federal grant, for about $5,508.00 per person.
The next table demonstrates grant and scholarship distributions by income level for freshmen getting any form of federally-funded Title IV aid, which includes Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 24.67% | $35,530.00 |
| Income 30k-48k | 16.16% | $31,004.00 |
| Income 48k-75k | 12.66% | $26,338.00 |
| Income 75k-110k | 15.07% | $23,187.00 |
| Income 110k + | 15.72% | $18,822.00 |
The table above shows students who are receiving Title IV aid, which is federal assistance from the government in the form of grants, loans, and work-study. Learn more.
99% of the 458 undergraduates at Alfred University receive some sort of grant aid. This is a total of about 454 students getting an average of $24,135.00 per person.
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.