by our College Data Analytics TeamThe majority of college students don’t pay the full price for their education, as financial aid packages, including scholarships, grants, loans, and work-study opportunities, help to offset the costs.
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.
College of Saint Benedict average financial aid offer for freshmen students is $32,828.00. A significant 100% of freshmen benefit from financial aid, with the main type being grants and scholarships.
Financial aid helps reduce the cost, or the full retail price of the college. However, be aware that the only true college discount is scholarships & grants.
A student loan isn’t a genuine college price reduction, but rather an additional cost consideration. Discover how much student loan debt from College of Saint Benedict you could end up dealing with.
Financial awards given by a college or university to its students, known as institutional scholarships and grants, help to offset the cost of tuition and other education-related expenses. These awards fall into two categories: merit-based and need-based, and they do not need to be paid back. Merit-based institutional scholarships are granted to students who have shown outstanding academic accomplishments, special talents, or abilities in a particular field. Factors such as high school performance, standardized test results, or involvement in extracurricular activities often contribute to these scholarship decisions. Conversely, need-based institutional grants cater to students who demonstrate financial need. The awarded amount is typically based on the student’s family’s financial standing and is intended to cover the difference between the cost of attendance and the family’s ability to contribute. Colleges and universities might use data from the Free Application for Federal Student Aid (FAFSA) or other financial aid forms to determine a student’s eligibility for need-based grants. Institutional scholarships and grants are a vital source of financial support for students, as they can significantly reduce the cost of attending college and help make higher education more accessible.
The numbers listed below make reference to help that is offered by College of Saint Benedict.
100% of new students (438 total) were offered scholarships at College of Saint Benedict, averaging $29,610.00 per person. This puts it the top 25th percentile among colleges and universities nationwide.
In addition to scholarships, 79% of first years (346 total) were awarded federal grant aid, averaging $2,289.00 each.
The next table demonstrates grant and scholarship distributions by income level for freshmen getting any form of federally-funded Title IV aid, which includes Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 9.13% | $43,683.00 |
| Income 30k-48k | 7.31% | $43,278.00 |
| Income 48k-75k | 7.76% | $40,953.00 |
| Income 75k-110k | 13.47% | $34,749.00 |
| Income 110k + | 33.33% | $29,168.00 |
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.
438 CSB undergrads obtain grant aid (this is about 100% of the entire undergraduate student population). The average amount these students receive is $32,828.00.
Check out the Tuition and Fees page or the Cost Per Credit Hour page to find out more.
References
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