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.
Interested in understanding the financial aid resources available at Austin College and your eligibility? Find the answers you seek below.
$32,279.00 is the typical Austin College’s first year financial aid package. 100% of first-year students are awarded financial aid, primarily comprising grants and scholarships.
A financial aid package includes loans, grants, and scholarships. However, student loans have to be paid back, so they aren’t a true discount.
Uneasy about the debt that may be included in your financial aid plan? Find the average amount of debt per student at Austin College.
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 following numbers pertain to assistance that is supplied by Austin College.
100% of new students (378 total) were given scholarships at Austin College, averaging $28,749.00 per student. This puts it the top 25th percentile among colleges and universities nationwide.
As well as scholarships, 81% of freshmen (305 total) obtained a federal grant, for about $3,515.00 a piece.
The table shows scholarship and grant allocations by income for first-year students receiving any type of federal Title IV assistance, including Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 21.69% | $39,012.00 |
| Income 30k-48k | 9.52% | $40,483.00 |
| Income 48k-75k | 9.52% | $37,822.00 |
| Income 75k-110k | 7.67% | $32,442.00 |
| Income 110k + | 16.67% | $27,759.00 |
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.
Of the 378 undergraduate students at Austin College around 100% (378 total) receive some form of grant aid. The typical amount awarded was $32,279.00.
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.