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.
However, some types of financial aid are definitely more desireable than others, and some students will receive more aid than others.Find out more by scrolling down the page.
$38,255.00 is the typical Grinnell College’s first year financial aid package. 88% of reshman students get financial aid, most of which is in the form of grants and scholarships
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.
Worried about the student loans that might be part of a financing offer? View the average amount of debt per student at Grinnell College.
Colleges and universities offer institutional scholarships and grants as financial assistance to help students cover tuition fees and other educational costs. These awards, which do not require repayment, can be merit-based or need-based. Merit-based institutional scholarships recognize students who have exceptional academic records, special talents, or skills in particular areas. Eligibility for these scholarships often depends on factors such as a student’s high school performance, standardized test scores, or involvement in extracurricular activities. In contrast, need-based institutional grants are designed for students who show financial need. The amount awarded usually depends on the student’s family’s financial condition and aims.
The numbers listed below make reference to help that is offered by Grinnell College.
88% of incoming freshmen (402 total) were given scholarships at Grinnell College, averaging $36,960.00 per student. This puts it the top 25th percentile among colleges and universities nationwide.
As well as scholarships, 18% of freshmen (83 total) obtained a federal grant, for about $5,549.00 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 | 8.50% | $57,511.00 |
| Income 30k-48k | 5.66% | $56,675.00 |
| Income 48k-75k | 5.45% | $54,234.00 |
| Income 75k-110k | 5.88% | $46,892.00 |
| Income 110k + | 17.65% | $32,307.00 |
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.
402 Grinnell undergrads obtain grant aid (this is about 88% of the entire undergraduate student population). The average amount these students receive is $38,255.00.
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.