by our College Data Analytics TeamMost students won’t pay the advertised price of a school. Instead, they will be provided with a financial aid plan that includes a mix of scholarships, grants, loans, and work-study. But some kinds of aid are more desirable than others, and some students will get more than others.
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.
$26,038.00 is the typical Centenary University’s first year financial aid package. Financial aid is provided to about 98% of first-year students, with the bulk of support coming in the form of grants and scholarships.
Loans are a part of financial aid plans, but the only true college discount is a scholarship or grant that you don’t have to repay.
A college loan is not a true college discount, but rather an outcome to consider. Find out how much student loan debt from Centenary University you may end up taking on.
Institutional scholarships and grants are financial aid awards given by colleges and universities to help students manage tuition costs and other education-related expenses. These awards, which do not need to be repaid, can be classified as merit-based or need-based. Students who excel academically, possess unique talents, or have specific skills can be eligible for merit-based institutional scholarships. Factors such as high school performance, standardized test scores, or participation in extracurricular activities often contribute to eligibility for these scholarships. Need-based institutional grants, on the other hand, are awarded to students who demonstrate financial need. The amount given is generally based on the student’s family’s financial situation, aiming to cover the gap between the cost of attendance and the family’s capacity to pay. To assess a student’s eligibility for need-based grants, colleges and universities may rely on information from the Free Application for Federal Student Aid (FAFSA) or other financial aid forms. Institutional scholarships and grants are essential for students, as they can substantially lower college expenses and make higher education more affordable.
The numbers listed below make reference to help that is offered by Centenary University.
98% of incoming freshmen (196 total) were given scholarships at Centenary University, averaging $19,998.00 per student. This puts it the top 25th percentile among colleges and universities nationwide.
As well as scholarships, 87% of freshmen (174 total) received a federal grant, for about $2,697.00 a person.
The table below shows grant and scholarship distributions by income for first-year students getting any sort of federally-funded Title IV aid, including Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 14.00% | $37,784.00 |
| Income 30k-48k | 11.00% | $33,334.00 |
| Income 48k-75k | 9.50% | $24,945.00 |
| Income 75k-110k | 10.00% | $22,002.00 |
| Income 110k + | 8.00% | $19,599.00 |
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.
98% of the 200 undergraduates at Centenary University receive some sort of grant aid. This is a total of about 196 students getting an average of $26,038.00 per person.
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.