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.
However, some types of financial aid are definitely more desireable than others, and some students will receive more aid than others.Find out more by scrolling down the page.
$20,227.00 is the typical Belmont University’s first year financial aid package. Financial aid is provided to about 91% of first-year students, with the bulk of support coming 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.
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 Belmont 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 numbers listed below make reference to help that is offered by Belmont University.
87% of new students (1460 total) were given scholarships at Belmont University, averaging $18,187.00 per student. This puts it the top 25th percentile among colleges and universities nationwide.
As well as scholarships, 27% of freshmen (452 total) received a federal grant, for about $4,824.00 a person.
Amount of Financial Assistance Per Income Level
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 10.75% | $35,517.00 |
| Income 30k-48k | 4.48% | $33,629.00 |
| Income 48k-75k | 7.82% | $28,282.00 |
| Income 75k-110k | 10.27% | $24,786.00 |
| Income 110k + | 19.28% | $14,355.00 |
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 1675 undergraduate students at Belmont University around 91% (1486 total) receive some form of grant aid. The typical amount awarded was $20,227.00.
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.