by our College Data Analytics TeamThe majority of college students don’t pay the full price for their education, as financial aid packages, including scholarships, grants, loans, and work-study opportunities, help to offset the costs.
Interested in understanding the financial aid resources available at Georgia Tech and your eligibility? Find the answers you seek below.
$12,031.00 is the typical Georgia Institute of Technology - Main Campus’s first year financial aid package. Financial aid is provided to about 73% of first-year students, with the bulk of support coming in the form of 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 student loan isn’t a genuine college price reduction, but rather an additional cost consideration. Discover how much student loan debt from Georgia Institute of Technology - Main Campus you could end up dealing with.
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 following numbers apply to scholarships and grants largely offered by the school itself.
25% of new students (769 total) were given scholarships at Georgia Institute of Technology - Main Campus, averaging $11,452.00 per student. This puts it the top 25th percentile among colleges and universities nationwide.
As well as scholarships, 19% of first-year students (587 total) got a federal grant, for about $3,846.00 per person.
Amount of Financial Assistance Per Income Level
The next table shows grant and scholarship distributions by income for first-year students getting any form of federally-funded Title IV aid, including Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 3.30% | $20,473.00 |
| Income 30k-48k | 3.10% | $17,579.00 |
| Income 48k-75k | 3.14% | $13,876.00 |
| Income 75k-110k | 2.78% | $11,734.00 |
| Income 110k + | 5.49% | $10,375.00 |
The table above displays undergrads who are getting Title IV aid, federal aid from the government including loans, grants or work-study. Learn more here.
73% of the 3062 undergraduates at Georgia Institute of Technology - Main Campus receive some sort of grant aid. This is a total of about 2147 students getting an average of $12,031.00 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.