by our College Data Analytics TeamThe total cost of attendance at Central Penn College 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.
Uncover the various financial aid options provided by Central Penn and determine which ones you may be eligible for by continuing your exploration.
Central Penn College average financial aid offer for freshmen students is $10,607.00. 98% of first-year students are awarded financial aid, primarily comprising 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.
Student debt should be thought of as an “outcome” rather than “aid”. Read more about student loan debt at Central Penn 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 stats below refer to aid that is provided by Central Penn College.
84% of incoming freshmen (43 total) were awarded scholarships at Central Penn College, averaging $5,420.00 a piece. This puts it in the top 50th percentile among colleges and universities nationwide.
As well as scholarships, 63% of first-year students (32 total) got a federal grant, for about $5,806.00 per person.
The next table shows grant and scholarship distributions by income for first-year students getting any form of federally-funded Title IV aid, including Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 41.18% | $9,305.00 |
| Income 30k-48k | 19.61% | $8,428.00 |
| Income 48k-75k | 9.80% | $7,837.00 |
| Income 75k-110k | 13.73% | $4,689.00 |
| Income 110k + | 3.92% | $3,627.00 |
The table above displays undergrads who are obtaining Title IV aid, federal aid from the government including loans, grants or work-study. Learn more here.
Of the 51 undergraduate students at Central Penn College around 98% (48 total) receive some form of grant aid. The typical amount awarded was $10,607.00.
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.