by our College Data Analytics TeamRather than paying the full sticker price for a college education, most students receive a financial aid package that eases the burden with scholarships, grants, loans, and work-study options, while the amount and type of aid may vary among students.
Uncover the various financial aid options provided by Concordia University, Chicago and determine which ones you may be eligible for by continuing your exploration.
Concordia University, Chicago average financial aid offer for freshmen students is $25,430.00. A significant 100% of freshmen benefit from financial aid, with the main type being 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.
Concerned about the student loans that might be part of your financing deal? Look at the average amount of debt per student at Concordia University, Chicago.
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 following numbers apply to scholarships and grants largely offered by the school itself.
100% of first-year students (350 total) were offered scholarships at Concordia University, Chicago, averaging $20,589.00 per person. This puts it the top 25th percentile among colleges and universities nationwide.
As well as scholarships, 53% of first-year students (187 total) got a federal grant, for about $6,379.00 per person.
Amount of Financial Assistance Per Income Level
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 | 22.29% | $27,106.00 |
| Income 30k-48k | 14.86% | $28,404.00 |
| Income 48k-75k | 16.57% | $26,847.00 |
| Income 75k-110k | 14.57% | $24,442.00 |
| Income 110k + | 17.14% | $21,482.00 |
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.
100% of the 350 undergraduates at Concordia University, Chicago receive some sort of grant aid. This is a total of about 350 students getting an average of $25,430.00 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.