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.
Curious about the financial aid opportunities at The American University and what you may be eligible for? Explore the answers here.
$29,117.00 is the typical American University’s first year financial aid package. 74% of reshman students get financial aid, most of which is in the form of grants and scholarships
Financial aid contains loans, grants, and scholarships. But college loans need to be repaid, thus they are not a real college 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 American 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 following numbers apply to scholarships and grants largely offered by the school itself.
53% of first-year students (937 total) were offered scholarships at American University, averaging $29,819.00 per person. This puts it the top 25th percentile among colleges and universities nationwide.
In addition to scholarships, 15% of freshman students (269 total) obtained federal grant aid, averaging $4,927.00 a piece.
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 Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 7.24% | $45,308.00 |
| Income 30k-48k | 3.94% | $45,451.00 |
| Income 48k-75k | 6.27% | $39,042.00 |
| Income 75k-110k | 6.96% | $33,198.00 |
| Income 110k + | 19.05% | $13,492.00 |
The table above shows undergrads who are getting Title IV aid, which is federal assistance from the government in the form of grants, loans, and work-study. Learn more here.
1006 The American University undergrads obtain grant aid (this is about 74% of the entire undergraduate student population). The average amount these students receive is $29,117.00.
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.