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 Geneva financial assistance will actually be available to you?Get answers to your questions here.
$19,055.00 is the typical Geneva College’s first year financial aid package. A significant 94% 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.
A college loan is not a true college discount, but rather an outcome to consider. Find out how much student loan debt from Geneva College you may end up taking on.
Colleges and universities offer institutional scholarships and grants as financial assistance to help students cover tuition fees and other educational costs. These awards, which do not require repayment, can be merit-based or need-based. Merit-based institutional scholarships recognize students who have exceptional academic records, special talents, or skills in particular areas. Eligibility for these scholarships often depends on factors such as a student’s high school performance, standardized test scores, or involvement in extracurricular activities. In contrast, need-based institutional grants are designed for students who show financial need. The amount awarded usually depends on the student’s family’s financial condition and aims.
The numbers below apply to scholarships and grants primarily provided by Geneva College.
94% of first-year students (291 total) were offered scholarships at Geneva College, averaging $16,261.00 per person. This puts it the top 25th percentile among colleges and universities nationwide.
As well as scholarships, 33% of first-year students (102 total) got a federal grant, for about $4,480.00 per person.
Amount of Financial Assistance Per Income Level
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 9.68% | $23,359.00 |
| Income 30k-48k | 9.35% | $21,806.00 |
| Income 48k-75k | 15.48% | $21,419.00 |
| Income 75k-110k | 20.65% | $19,761.00 |
| Income 110k + | 22.26% | $16,186.00 |
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.
291 Geneva undergrads obtain grant aid (this is about 94% of the entire undergraduate student population). The average amount these students receive is $19,055.00.
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.