by our College Data Analytics TeamFinancial aid in the form of loans, grants, work-study, and scholarships is one way colleges reduce the cost of attendance so most students can actually afford to attend.
Interested in understanding the financial aid resources available at Aurora and your eligibility? Find the answers you seek below.
$18,063.00 is the typical Aurora University’s first year financial aid package. Financial aid is provided to about 100% of first-year students, with the bulk of support coming in the form of grants and scholarships.
Financial aid helps decrease the expense, or the “sticker” price of the school. But keep in mind that the only real discounts off the cost of college are in the form of grants and scholarships.
Student debt really should be considered to be an added expense and not as “aid” or a “discount”. Find more about student loan debt at Aurora 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 next numbers refer to grants and scholarships mainly supplied by the college itself.
99% of first-year students (806 total) were offered scholarships at Aurora University, averaging $13,149.00 per person. This puts it the top 25th percentile among colleges and universities nationwide.
As well as scholarships, 48% of freshmen (386 total) obtained a federal grant, for about $6,324.00 a piece.
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 | 19.24% | $22,087.00 |
| Income 30k-48k | 12.95% | $22,385.00 |
| Income 48k-75k | 18.62% | $20,013.00 |
| Income 75k-110k | 13.93% | $15,830.00 |
| Income 110k + | 20.72% | $13,855.00 |
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.
100% of the 811 undergraduates at Aurora University receive some sort of grant aid. This is a total of about 811 students getting an average of $18,063.00 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.