by our College Data Analytics TeamMost 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 ASU - Tempe and learn what assistance you might qualify for by continuing to read.
Arizona State University - Tempe average financial aid offer for freshmen students is $12,233.00. Approximately 94% of incoming freshmen obtain financial assistance, with the majority being offered as grants and scholarships.
Financial aid helps lower the cost, or the full retail price of the institution. But bear in mind that the only true college discount is scholarships & grants.
Student debt should be thought of as an “outcome” rather than “aid”. Read more about student loan debt at Arizona State University - Tempe.
Institutional scholarships and grants refer to financial aid provided directly by a college or university to support students in covering their educational expenses. These awards can be either merit-based or need-based and do not require repayment. Merit-based institutional scholarships reward students who have demonstrated exceptional academic achievements, talents, or skills in specific areas. Such scholarships often take into account a student’s high school performance, standardized test scores, or extracurricular activities. On the other hand, need-based institutional grants are allocated to students who exhibit financial need. The amount awarded is usually determined by the student’s family’s financial circumstances and aims to cover the difference between the cost of attendance and the family’s capacity to pay. To assess eligibility for need-based grants, colleges and universities may use information from the Free Application for Federal Student Aid (FAFSA) or other financial aid forms. Institutional scholarships and grants play a crucial role in assisting students, as they can considerably lower the cost of college and make higher education more attainable.
The stats below refer to aid that is provided by Arizona State University - Tempe.
88% of first-year students (12193 total) were offered scholarships at Arizona State University - Tempe, averaging $10,809.00 per person. This puts it the top 25th percentile among colleges and universities nationwide.
In addition to scholarships, 34% of first-year students (4736 total) got federal grant aid, averaging $5,405.00 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 | 14.97% | $18,087.00 |
| Income 30k-48k | 8.18% | $16,428.00 |
| Income 48k-75k | 5.87% | $11,495.00 |
| Income 75k-110k | 3.58% | $8,025.00 |
| Income 110k + | 5.12% | $6,282.00 |
The table above shows students who are obtaining Title IV aid, which is federal assistance from the government in the form of grants, loans, and work-study. Learn more here.
94% of the 13837 undergraduates at Arizona State University - Tempe receive some sort of grant aid. This is a total of about 12468 students getting an average of $12,233.00 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.