by our College Data Analytics TeamMost college students will not be charged the full price tag of a school. Instead, they will be offered a financial aid package that includes a combination of loans, grants, scholarships and possibly work-study opportunities.
What amount of Fairfield U financial assistance will actually be available to you?Get answers to your questions here.
$23,973.00 is the typical Fairfield University’s first year financial aid package. A significant 97% of freshmen benefit from financial aid, with the main type being grants and scholarships.
Student loans come included in financial aid packages, however, the only true discount off of the price of college is a grant or scholarship that you do not need to pay back.
A loan is not a legitimate college discount, but rather an outcome to consider. See how much student loan debt from Fairfield University you may end up taking on.
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.
95% of incoming freshmen (1109 total) were given scholarships at Fairfield University, averaging $23,437.00 per student. This puts it the top 25th percentile among colleges and universities nationwide.
In addition to scholarships, 8% of freshman students (95 total) obtained federal grant aid, averaging $6,076.00 a piece.
The table shows scholarship and grant allocations by income for first-year students receiving any type of federal Title IV assistance, including Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 4.09% | $46,036.00 |
| Income 30k-48k | 2.64% | $45,273.00 |
| Income 48k-75k | 3.41% | $41,151.00 |
| Income 75k-110k | 5.97% | $36,410.00 |
| Income 110k + | 40.58% | $26,202.00 |
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.
97% of the 1173 undergraduates at Fairfield University receive some sort of grant aid. This is a total of about 1111 students getting an average of $23,973.00 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.