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.
Interested in understanding the financial aid resources available at FHU and your eligibility? Find the answers you seek below.
$17,914.00 is the typical Freed-Hardeman University’s first year financial aid package. Approximately 99% of incoming freshmen obtain financial assistance, with the majority being offered as grants and scholarships.
Loans are a part of financial aid plans, but the only true college discount is a scholarship or grant that you don’t have to repay.
Worried about the student loans that might be part of a financing offer? View the average amount of debt per student at Freed-Hardeman 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 numbers listed below make reference to help that is offered by Freed-Hardeman University.
99% of new students (325 total) were offered scholarships at Freed-Hardeman University, averaging $13,442.00 per person. This puts it the top 25th percentile among colleges and universities nationwide.
In addition to scholarships, 44% of first-year students (144 total) got federal grant aid, averaging $4,532.00 per person.
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 | 17.13% | $22,286.00 |
| Income 30k-48k | 7.65% | $19,565.00 |
| Income 48k-75k | 10.70% | $18,302.00 |
| Income 75k-110k | 16.51% | $16,126.00 |
| Income 110k + | 17.74% | $14,542.00 |
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 327 undergraduate students at Freed-Hardeman University around 99% (325 total) receive some form of grant aid. The typical amount awarded was $17,914.00.
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.