by our College Data Analytics TeamThe total cost of attendance at George Mason University can seem overwhelming, but remember that the majority of students receive some sort of financial assistance. This could be in the form of scholarships, grants, work-study, or loans.
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 GMU.
$7,278.00 is the typical George Mason University’s first year financial aid package. Financial aid is provided to about 75% of first-year students, with the bulk of support coming in the form of loans.
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.
A loan is not a legitimate college discount, but rather an outcome to consider. See how much student loan debt from George Mason University you may end up taking on.
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 apply to scholarships and grants largely offered by the school itself.
34% of new students (1256 total) were offered scholarships at George Mason University, averaging $9,284.00 per person. This puts it the top 25th percentile among colleges and universities nationwide.
In addition to scholarships, 33% of first-year students (1234 total) got federal grant aid, averaging $5,170.00 per person.
Amount of Financial Assistance Per Income Level
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 11.07% | $10,936.00 |
| Income 30k-48k | 6.86% | $9,738.00 |
| Income 48k-75k | 7.67% | $6,651.00 |
| Income 75k-110k | 6.88% | $3,704.00 |
| Income 110k + | 3.54% | $987.00 |
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.
2314 GMU undergrads obtain grant aid (this is about 75% of the entire undergraduate student population). The average amount these students receive is $7,278.00.
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.