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 Harris - Stowe State University and determine which ones you may be eligible for by continuing your exploration.
$7,779.00 is the typical Harris - Stowe State University’s first year financial aid package. Financial aid is provided to about 99% of first-year students, with the bulk of support coming in the form of loans.
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.
A loan is not a legitimate college discount, but rather an outcome to consider. See how much student loan debt from Harris - Stowe State University you may end up taking on.
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 next numbers refer to grants and scholarships mainly supplied by the college itself.
84% of new students (313 total) were given scholarships at Harris - Stowe State University, averaging $5,353.00 per student. This puts it in the top 50th percentile among colleges and universities nationwide.
As well as scholarships, 86% of freshmen (322 total) obtained a federal grant, for about $5,390.00 a piece.
The table shows scholarship and grant allocations by income for first-year students receiving any type of federal Title IV assistance, including Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 26.74% | $7,558.00 |
| Income 30k-48k | 9.36% | $8,419.00 |
| Income 48k-75k | 1.87% | $6,216.00 |
| Income 75k-110k | 2.14% | $3,374.00 |
| Income 110k + | 0.53% | $1,498.00 |
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.
Of the 374 undergraduate students at Harris - Stowe State University around 99% (371 total) receive some form of grant aid. The typical amount awarded was $7,779.00.
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.