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.
Uncover the various financial aid options provided by Gettysburg and determine which ones you may be eligible for by continuing your exploration.
$37,000.00 is the typical Gettysburg College’s first year financial aid package. A significant 92% of freshmen benefit from financial aid, with the main type being grants and scholarships.
Financial aid helps decrease the expense, or the “sticker” price of the school. But keep in mind that the only real discounts off the cost of college are in the form of grants and scholarships.
A loan is not a legitimate college discount, but rather an outcome to consider. See how much student loan debt from Gettysburg College 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 numbers listed below make reference to help that is offered by Gettysburg College.
89% of incoming freshmen (609 total) were awarded scholarships at Gettysburg College, averaging $35,383.00 a piece. This puts it the top 25th percentile among colleges and universities nationwide.
As well as scholarships, 21% of first-year students (145 total) got a federal grant, for about $5,571.00 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 | 9.25% | $57,645.00 |
| Income 30k-48k | 6.17% | $58,051.00 |
| Income 48k-75k | 8.08% | $53,459.00 |
| Income 75k-110k | 8.66% | $40,344.00 |
| Income 110k + | 20.12% | $31,513.00 |
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.
610 Gettysburg undergrads obtain grant aid (this is about 92% of the entire undergraduate student population). The average amount these students receive is $37,000.00.
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.
