by our College Data Analytics TeamFinancial aid in the form of loans, grants, work-study, and scholarships is one way colleges reduce the cost of attendance so most students can actually afford to attend.
Uncover the various financial aid options provided by Goucher and determine which ones you may be eligible for by continuing your exploration.
$33,495.00 is the typical Goucher College’s first year financial aid package. 100% of reshman students get financial aid, most of which is in the form of grants and scholarships
Loans are included in the umbrella of ‘financial aid’, even so, the only true discount from the cost of college is a grant or scholarship that you don’t have to pay back.
Concerned about the student loans that might be part of your financing deal? Look at the average amount of debt per student at Goucher 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 following numbers pertain to assistance that is supplied by Goucher College.
100% of new students (338 total) were given scholarships at Goucher College, averaging $30,321.00 per student. This puts it the top 25th percentile among colleges and universities nationwide.
As well as scholarships, 41% of first-year students (137 total) got a federal grant, for about $5,440.00 per person.
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 | 14.20% | $46,746.00 |
| Income 30k-48k | 9.76% | $41,269.00 |
| Income 48k-75k | 11.54% | $41,424.00 |
| Income 75k-110k | 13.02% | $37,457.00 |
| Income 110k + | 22.78% | $28,510.00 |
The table above shows undergrads who are getting Title IV aid, which is federal assistance from the government in the form of grants, loans, and work-study. Learn more here.
338 Goucher undergrads obtain grant aid (this is about 100% of the entire undergraduate student population). The average amount these students receive is $33,495.00.
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.