by our College Data Analytics TeamMost college students will not be charged the full price tag of a school. Instead, they will be offered a financial aid package that includes a combination of loans, grants, scholarships and possibly work-study opportunities.
Curious about the financial aid opportunities at Beis Medrash Heichal Dovid and what you may be eligible for? Explore the answers here.
Financial Aid for First Years Students Not Known
A financial aid package includes loans, grants, and scholarships. However, student loans have to be paid back, so they aren’t a true discount.
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 Beis Medrash Heichal Dovid.
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 numbers listed below make reference to help that is offered by Beis Medrash Heichal Dovid.
29% of incoming freshmen (15 total) were awarded scholarships at Beis Medrash Heichal Dovid, averaging $6,526.00 a piece. This puts it in the top 50th percentile among colleges and universities nationwide.
As well as scholarships, 33% of first-year students (17 total) got a federal grant, for about $2,736.00 per person.
The next table displays grant and scholarship distributions by family income for freshman students getting any kind of federally-funded Title IV aid, such as Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 7.69% | $8,990.00 |
| Income 30k-48k | 1.92% | $6,495.00 |
| Income 48k-75k | 5.77% | $8,517.00 |
| Income 75k-110k | 0.00% | $0.00 |
| Income 110k + | 0.00% | $0.00 |
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.
Of the 52 undergraduate students at Beis Medrash Heichal Dovid around 52% (27 total) receive some form of grant aid. The typical amount awarded was $6,011.00.
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.