by our College Data Analytics TeamRather than paying the full sticker price for a college education, most students receive a financial aid package that eases the burden with scholarships, grants, loans, and work-study options, while the amount and type of aid may vary among students.
Curious about the financial aid opportunities at Welch and what you may be eligible for? Explore the answers here.
Welch College average financial aid offer for freshmen students is $12,851.00. A significant 88% of freshmen benefit from financial aid, with the main type being 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.
We feel that loan debt ought to be regarded as a consequence instead of true financial aid. Learn more on student loan debt at Welch 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 stats below refer to aid that is provided by Welch College.
81% of first-year students (58 total) were offered scholarships at Welch College, averaging $9,407.00 per person. This puts it the top 25th percentile among colleges and universities nationwide.
In addition to scholarships, 36% of first years (26 total) were awarded federal grant aid, averaging $4,803.00 each.
The next table displays grant and scholarship distributions by family income for freshman students getting any kind of federally-funded Title IV aid, such as Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 13.89% | $15,418.00 |
| Income 30k-48k | 6.94% | $17,603.00 |
| Income 48k-75k | 19.44% | $13,461.00 |
| Income 75k-110k | 15.28% | $8,911.00 |
| Income 110k + | 8.33% | $8,948.00 |
The table above displays undergrads who are obtaining Title IV aid, federal aid from the government including loans, grants or work-study. Learn more here.
63 Welch undergrads obtain grant aid (this is about 88% of the entire undergraduate student population). The average amount these students receive is $12,851.00.
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.