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.
Uncover the various financial aid options provided by AU and determine which ones you may be eligible for by continuing your exploration.
Averett University average financial aid offer for freshmen students is $23,497.00. About 100% of first year students receive financial aid, most of which is in the form of 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.
Concerned about the loans that may be included in your financial aid package? See the average amount of debt per student at Averett University.
Financial awards given by a college or university to its students, known as institutional scholarships and grants, help to offset the cost of tuition and other education-related expenses. These awards fall into two categories: merit-based and need-based, and they do not need to be paid back. Merit-based institutional scholarships are granted to students who have shown outstanding academic accomplishments, special talents, or abilities in a particular field. Factors such as high school performance, standardized test results, or involvement in extracurricular activities often contribute to these scholarship decisions. Conversely, need-based institutional grants cater to students who demonstrate financial need. The awarded amount is typically based on the student’s family’s financial standing and is intended to cover the difference between the cost of attendance and the family’s ability to contribute. Colleges and universities might use data from the Free Application for Federal Student Aid (FAFSA) or other financial aid forms to determine a student’s eligibility for need-based grants. Institutional scholarships and grants are a vital source of financial support for students, as they can significantly reduce the cost of attending college and help make higher education more accessible.
The next numbers refer to grants and scholarships mainly supplied by the college itself.
100% of first-year students (229 total) were offered scholarships at Averett University, averaging $18,074.00 per person. This puts it the top 25th percentile among colleges and universities nationwide.
As well as scholarships, 88% of freshmen (202 total) received a federal grant, for about $3,274.00 a person.
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 | 24.45% | $25,386.00 |
| Income 30k-48k | 14.85% | $26,056.00 |
| Income 48k-75k | 15.72% | $2,607.00 |
| Income 75k-110k | 13.10% | $21,128.00 |
| Income 110k + | 13.97% | $17,379.00 |
The table above shows students who are receiving Title IV aid, which is federal assistance from the government in the form of grants, loans, and work-study. Learn more.
229 AU undergrads obtain grant aid (this is about 100% of the entire undergraduate student population). The average amount these students receive is $23,497.00.
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.