by our College Data Analytics TeamMany students attending Goodwin College can expect to receive financial assistance in various forms, such as scholarships, grants, loans, and work-study programs, making the cost of attendance more manageable.
What amount of Goodwin financial assistance will actually be available to you?Get answers to your questions here.
$15,804.00 is the typical Goodwin College’s first year financial aid package. Financial aid is provided to about 96% 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.
We feel that loan debt ought to be regarded as a consequence instead of true financial aid. Learn more on student loan debt at Goodwin College.
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 stats below refer to aid that is provided by Goodwin College.
92% of incoming freshmen (86 total) were awarded scholarships at Goodwin College, averaging $11,914.00 a piece. This puts it the top 25th percentile among colleges and universities nationwide.
As well as scholarships, 68% of freshmen (63 total) obtained a federal grant, for about $5,252.00 a piece.
The table following demonstrates grant and scholarship distributions by income level for freshmen getting any sort of federally-funded Title IV aid, which includes Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 41.94% | $16,311.00 |
| Income 30k-48k | 18.28% | $16,042.00 |
| Income 48k-75k | 9.68% | $12,165.00 |
| Income 75k-110k | 6.45% | $12,298.00 |
| Income 110k + | 5.38% | $16,124.00 |
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.
89 Goodwin undergrads obtain grant aid (this is about 96% of the entire undergraduate student population). The average amount these students receive is $15,804.00.
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.