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.
Curious about the financial aid opportunities at Baker College and what you may be eligible for? Explore the answers here.
$7,180.00 is the typical Baker College’s first year financial aid package. Financial aid is provided to about 97% 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.
Concerned about the student loans that might be part of your financing deal? Look at the average amount of debt per student at Baker 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 numbers below apply to scholarships and grants primarily provided by Baker College.
51% of new students (241 total) were given scholarships at Baker College, averaging $4,319.00 per student. This puts it in the top 50th percentile among colleges and universities nationwide.
As well as scholarships, 83% of freshmen (393 total) received a federal grant, for about $4,304.00 a person.
The following table displays scholarship and grant allocations by family income for freshman students receiving any kind of federal Title IV assistance, such as Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 30.36% | $8,340.00 |
| Income 30k-48k | 14.44% | $8,518.00 |
| Income 48k-75k | 13.16% | $7,312.00 |
| Income 75k-110k | 7.86% | $3,834.00 |
| Income 110k + | 5.73% | $3,090.00 |
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.
413 Baker College undergrads obtain grant aid (this is about 97% of the entire undergraduate student population). The average amount these students receive is $7,180.00.
Check out the Tuition and Fees page or the Cost Per Credit Hour page to find out more.
References
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