by our College Data Analytics TeamThe total cost of attendance at Hampton University can seem overwhelming, but remember that the majority of students receive some sort of financial assistance. This could be in the form of scholarships, grants, work-study, or loans.
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.
$15,314.00 is the typical Hampton University’s first year financial aid package. 85% of first-year students are awarded financial aid, primarily comprising loans.
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.
Student debt really should be considered to be an added expense and not as “aid” or a “discount”. Find more about student loan debt at Hampton University.
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 following numbers apply to scholarships and grants largely offered by the school itself.
61% of incoming freshmen (547 total) were awarded scholarships at Hampton University, averaging $14,851.00 a piece. This puts it the top 25th percentile among colleges and universities nationwide.
In addition to scholarships, 41% of freshman students (368 total) obtained federal grant aid, averaging $5,128.00 a piece.
The following table shows scholarship and grant allocations by income for first-year students receiving any form of federal Title IV assistance, including Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 15.08% | $14,363.00 |
| Income 30k-48k | 9.61% | $30,367.00 |
| Income 48k-75k | 8.16% | $20,407.00 |
| Income 75k-110k | 0.00% | $0.00 |
| Income 110k + | 1.68% | $7,336.00 |
The table above displays students who are getting Title IV aid, federal aid from the government including loans, grants or work-study. Get more info on Title IV here.
85% of the 895 undergraduates at Hampton University receive some sort of grant aid. This is a total of about 683 students getting an average of $15,314.00 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.