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 Eureka College and learn what assistance you might qualify for by continuing to read.
$15,814.00 is the typical Eureka College’s first year financial aid package. Approximately 100% of incoming freshmen obtain financial assistance, with the majority being offered as 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.
Concerned about the student loans that might be part of your financing deal? Look at the average amount of debt per student at Eureka College.
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 pertain to assistance that is supplied by Eureka College.
100% of new students (108 total) were offered scholarships at Eureka College, averaging $11,098.00 per person. This puts it the top 25th percentile among colleges and universities nationwide.
As well as scholarships, 84% of first-year students (91 total) got a federal grant, for about $3,540.00 per person.
The next table shows grant and scholarship distributions by income for first-year students getting any form of federally-funded Title IV aid, including Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 23.15% | $20,113.00 |
| Income 30k-48k | 9.26% | $19,414.00 |
| Income 48k-75k | 11.11% | $17,161.00 |
| Income 75k-110k | 22.22% | $14,078.00 |
| Income 110k + | 22.22% | $13,369.00 |
The table above shows undergrads who are getting Title IV aid, which is federal assistance from the government in the form of grants, loans, and work-study. Learn more here.
Of the 108 undergraduate students at Eureka College around 100% (108 total) receive some form of grant aid. The typical amount awarded was $15,814.00.
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.