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 Hendrix and determine which ones you may be eligible for by continuing your exploration.
Hendrix College average financial aid offer for freshmen students is $43,140.00. A significant 100% of freshmen benefit from financial aid, with the main type being grants and scholarships.
Financial aid helps reduce the cost, or the full retail price of the college. However, be aware that the only true college discount is scholarships & grants.
A loan is not a legitimate college discount, but rather an outcome to consider. See how much student loan debt from Hendrix College you may end up taking on.
Institutional scholarships and grants are financial aid awards given by colleges and universities to help students manage tuition costs and other education-related expenses. These awards, which do not need to be repaid, can be classified as merit-based or need-based. Students who excel academically, possess unique talents, or have specific skills can be eligible for merit-based institutional scholarships. Factors such as high school performance, standardized test scores, or participation in extracurricular activities often contribute to eligibility for these scholarships. Need-based institutional grants, on the other hand, are awarded to students who demonstrate financial need. The amount given is generally based on the student’s family’s financial situation, aiming to cover the gap between the cost of attendance and the family’s capacity to pay. To assess a student’s eligibility for need-based grants, colleges and universities may rely on information from the Free Application for Federal Student Aid (FAFSA) or other financial aid forms. Institutional scholarships and grants are essential for students, as they can substantially lower college expenses and make higher education more affordable.
The following numbers apply to scholarships and grants largely offered by the school itself.
100% of incoming freshmen (283 total) were given scholarships at Hendrix College, averaging $39,565.00 per student. This puts it the top 25th percentile among colleges and universities nationwide.
In addition to scholarships, 31% of first years (89 total) were awarded federal grant aid, averaging $5,479.00 each.
Amount of Financial Assistance Per Income Level
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 | 12.68% | $51,224.00 |
| Income 30k-48k | 11.97% | $53,185.00 |
| Income 48k-75k | 11.97% | $45,926.00 |
| Income 75k-110k | 11.27% | $41,244.00 |
| Income 110k + | 24.30% | $36,927.00 |
The table above displays undergrads who are obtaining Title IV aid, federal aid from the government including loans, grants or work-study. Learn more here.
284 Hendrix undergrads obtain grant aid (this is about 100% of the entire undergraduate student population). The average amount these students receive is $43,140.00.
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.