by our College Data Analytics TeamThe total cost of attendance at ECPI University can seem overwhelming, but remember that the majority of students receive some sort of financial assistance. This could be in the form of scholarships, grants, work-study, or loans.
Uncover the various financial aid options provided by ECPI University and determine which ones you may be eligible for by continuing your exploration.
ECPI University average financial aid offer for freshmen students is $5,645.00. About 84% of first year students receive financial aid, most of which is in the form of loans.
Financial aid helps decrease the expense, or the “sticker” price of the school. But keep in mind that the only real discounts off the cost of college are in the form of grants and scholarships.
We feel that loan debt ought to be regarded as a consequence instead of true financial aid. Learn more on student loan debt at ECPI University.
Institutional scholarships and grants are financial aid awards given by colleges and universities to help students manage tuition costs and other education-related expenses. These awards, which do not need to be repaid, can be classified as merit-based or need-based. Students who excel academically, possess unique talents, or have specific skills can be eligible for merit-based institutional scholarships. Factors such as high school performance, standardized test scores, or participation in extracurricular activities often contribute to eligibility for these scholarships. Need-based institutional grants, on the other hand, are awarded to students who demonstrate financial need. The amount given is generally based on the student’s family’s financial situation, aiming to cover the gap between the cost of attendance and the family’s capacity to pay. To assess a student’s eligibility for need-based grants, colleges and universities may rely on information from the Free Application for Federal Student Aid (FAFSA) or other financial aid forms. Institutional scholarships and grants are essential for students, as they can substantially lower college expenses and make higher education more affordable.
The following numbers apply to scholarships and grants largely offered by the school itself.
30% of new students (410 total) were offered scholarships at ECPI University, averaging $3,441.00 per person. This puts it in the top 50th percentile among colleges and universities nationwide.
In addition to scholarships, 66% of freshman students (919 total) obtained federal grant aid, averaging $4,820.00 a piece.
The following table shows scholarship and grant allocations by income for first-year students receiving any form of federal Title IV assistance, including Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 45.27% | $5,862.00 |
| Income 30k-48k | 15.74% | $5,470.00 |
| Income 48k-75k | 8.30% | $4,106.00 |
| Income 75k-110k | 3.32% | $2,612.00 |
| Income 110k + | 0.79% | $744.00 |
The table above shows students who are obtaining Title IV aid, which is federal assistance from the government in the form of grants, loans, and work-study. Learn more here.
Of the 1385 undergraduate students at ECPI University around 84% (1061 total) receive some form of grant aid. The typical amount awarded was $5,645.00.The largest share of which are in the guise of Pell Grants.
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.