by our College Data Analytics TeamMost students won’t pay the advertised price of a school. Instead, they will be provided with a financial aid plan that includes a mix of scholarships, grants, loans, and work-study. But some kinds of aid are more desirable than others, and some students will get more than others.
The amount of financial assistance and scholarships or grants you can get varies based on your circumstances. Keep reading to learn more to help you to know just how much aid and scholarships to expect from GFU.
$21,793.00 is the typical George Fox University’s first year financial aid package. About 100% of first year students receive financial aid, most of which is in the form of 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.
We feel that loan debt ought to be regarded as a consequence instead of true financial aid. Learn more on student loan debt at George Fox 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 following numbers pertain to assistance that is supplied by George Fox University.
97% of incoming freshmen (592 total) were given scholarships at George Fox University, averaging $19,867.00 per student. This puts it the top 25th percentile among colleges and universities nationwide.
In addition to scholarships, 28% of freshman students (170 total) obtained federal grant aid, averaging $5,205.00 a piece.
The following table displays scholarship and grant allocations by family income for freshman students receiving any kind of federal Title IV assistance, such as Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 11.18% | $28,887.00 |
| Income 30k-48k | 7.24% | $28,883.00 |
| Income 48k-75k | 11.84% | $26,690.00 |
| Income 75k-110k | 19.08% | $23,092.00 |
| Income 110k + | 41.45% | $14,882.00 |
The table above shows students who are receiving Title IV aid, which is federal assistance from the government in the form of grants, loans, and work-study. Learn more.
100% of the 608 undergraduates at George Fox University receive some sort of grant aid. This is a total of about 595 students getting an average of $21,793.00 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.