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.
Discover the financial aid possibilities at Daemen College and learn what assistance you might qualify for by continuing to read.
$21,441.00 is the typical Daemen College’s first year financial aid package. About 100% of first year students receive financial aid, most of which is in the form of 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.
Student debt really should be considered to be an added expense and not as “aid” or a “discount”. Find more about student loan debt at Daemen College.
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 Daemen College.
100% of incoming freshmen (412 total) were given scholarships at Daemen College, averaging $17,698.00 per student. This puts it the top 25th percentile among colleges and universities nationwide.
In addition to scholarships, 51% of first-year students (211 total) got federal grant aid, averaging $4,585.00 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 | 13.59% | $31,319.00 |
| Income 30k-48k | 11.17% | $28,168.00 |
| Income 48k-75k | 12.38% | $24,602.00 |
| Income 75k-110k | 19.17% | $18,830.00 |
| Income 110k + | 27.43% | $16,294.00 |
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.
Of the 412 undergraduate students at Daemen College around 100% (412 total) receive some form of grant aid. The typical amount awarded was $21,441.00.
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.