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.
The amount of financial assistance and scholarships or grants you can get varies based on your circumstances. Keep reading to learn more to help you to know just how much aid and scholarships to expect from Magdalen College.
$24,211.00 is the typical Magdalen College of the Liberal Arts’s first year financial aid package. Financial aid is provided to about 100% of first-year students, with the bulk of support coming in the form of grants and scholarships.
Financial aid contains loans, grants, and scholarships. But college loans need to be repaid, thus they are not a real college discount.
Worried about the student loans that might be part of a financing offer? View the average amount of debt per student at Magdalen College of the Liberal Arts.
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 below apply to scholarships and grants primarily provided by Magdalen College of the Liberal Arts.
100% of incoming freshmen (31 total) were awarded scholarships at Magdalen College of the Liberal Arts, averaging $21,272.00 a piece. This puts it the top 25th percentile among colleges and universities nationwide.
In addition to scholarships, 55% of first-year students (17 total) got federal grant aid, averaging $5,092.00 per person.
The table below demonstrates scholarship and grant allocations by income level for freshmen receiving any type of federal Title IV assistance, which includes Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 19.35% | $27,781.00 |
| Income 30k-48k | 12.90% | $31,385.00 |
| Income 48k-75k | 22.58% | $28,183.00 |
| Income 75k-110k | 16.13% | $26,001.00 |
| Income 110k + | 6.45% | $20,526.00 |
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.
Of the 31 undergraduate students at Magdalen College of the Liberal Arts around 100% (31 total) receive some form of grant aid. The typical amount awarded was $24,211.00.
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.