by our College Data Analytics TeamThe total cost of attendance at Ball State University can seem overwhelming, but remember that the majority of students receive some sort of financial assistance. This could be in the form of scholarships, grants, work-study, or loans.
Interested in understanding the financial aid resources available at Ball State and your eligibility? Find the answers you seek below.
$11,141.00 is the typical Ball State University’s first year financial aid package. A significant 90% of freshmen benefit from financial aid, with the main type being grants and scholarships.
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.
Concerned about the loans that may be included in your financial aid package? See the average amount of debt per student at Ball State University.
Colleges and universities offer institutional scholarships and grants as financial assistance to help students cover tuition fees and other educational costs. These awards, which do not require repayment, can be merit-based or need-based. Merit-based institutional scholarships recognize students who have exceptional academic records, special talents, or skills in particular areas. Eligibility for these scholarships often depends on factors such as a student’s high school performance, standardized test scores, or involvement in extracurricular activities. In contrast, need-based institutional grants are designed for students who show financial need. The amount awarded usually depends on the student’s family’s financial condition and aims.
The following numbers pertain to assistance that is supplied by Ball State University.
59% of incoming freshmen (2378 total) were given scholarships at Ball State University, averaging $7,206.00 per student. This puts it in the top 50th percentile among colleges and universities nationwide.
As well as scholarships, 40% of freshmen (1637 total) received a federal grant, for about $5,258.00 a person.
The table below demonstrates scholarship and grant allocations by income level for freshmen receiving any type of federal Title IV assistance, which includes Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 18.53% | $16,166.00 |
| Income 30k-48k | 10.64% | $13,653.00 |
| Income 48k-75k | 11.16% | $9,281.00 |
| Income 75k-110k | 8.48% | $4,876.00 |
| Income 110k + | 6.08% | $2,564.00 |
The table above displays students who are getting Title IV aid, federal aid from the government including loans, grants or work-study. Get more info on Title IV here.
Of the 4043 undergraduate students at Ball State University around 90% (3072 total) receive some form of grant aid. The typical amount awarded was $11,141.00.
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.