by our College Data Analytics TeamFinancial aid in the form of loans, grants, work-study, and scholarships is one way colleges reduce the cost of attendance so most students can actually afford to attend.
What financial aid options does EU offer, and what will you qualify for? Keep scrolling for answers.
$24,625.00 is the typical Eastern University’s first year financial aid package. 100% of first-year students are awarded financial aid, primarily comprising grants and scholarships.
Financial aid helps lower the cost, or the full retail price of the institution. But bear in mind that the only true college discount is scholarships & grants.
Student debt should be thought of as an “outcome” rather than “aid”. Read more about student loan debt at Eastern University.
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 Eastern University.
99% of incoming freshmen (327 total) were given scholarships at Eastern University, averaging $20,252.00 per student. This puts it the top 25th percentile among colleges and universities nationwide.
As well as scholarships, 84% of freshmen (277 total) received a federal grant, for about $3,508.00 a person.
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 | 24.01% | $24,698.00 |
| Income 30k-48k | 8.81% | $30,284.00 |
| Income 48k-75k | 12.77% | $28,445.00 |
| Income 75k-110k | 13.37% | $24,586.00 |
| Income 110k + | 20.36% | $20,415.00 |
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 329 undergraduate students at Eastern University around 100% (327 total) receive some form of grant aid. The typical amount awarded was $24,625.00.
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.