by our College Data Analytics TeamRather than paying the full sticker price for a college education, most students receive a financial aid package that eases the burden with scholarships, grants, loans, and work-study options, while the amount and type of aid may vary among students.
What financial aid options does Auburn offer, and what will you qualify for? Keep scrolling for answers.
$8,168.00 is the typical Auburn University’s first year financial aid package. A significant 74% of freshmen benefit from financial aid, with the main type being loans.
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.
A loan is not a legitimate college discount, but rather an outcome to consider. See how much student loan debt from Auburn University you may end up taking on.
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 Auburn University.
59% of incoming freshmen (2808 total) were awarded scholarships at Auburn University, averaging $9,292.00 a piece. This puts it the top 25th percentile among colleges and universities nationwide.
As well as scholarships, 26% of freshmen (1256 total) obtained a federal grant, for about $2,251.00 a piece.
The following table shows scholarship and grant allocations by income for first-year students receiving any form of federal Title IV assistance, including Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 3.21% | $14,330.00 |
| Income 30k-48k | 2.54% | $13,132.00 |
| Income 48k-75k | 3.19% | $8,728.00 |
| Income 75k-110k | 4.62% | $6,807.00 |
| Income 110k + | 10.61% | $5,896.00 |
The table above displays undergrads who are getting Title IV aid, federal aid from the government including loans, grants or work-study. Learn more here.
74% of the 4761 undergraduates at Auburn University receive some sort of grant aid. This is a total of about 3194 students getting an average of $8,168.00 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.