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.
What financial aid options does The Colleges offer, and what will you qualify for? Keep scrolling for answers.
Hobart and William Smith Colleges average financial aid offer for freshmen students is $36,128.00. Financial aid is provided to about 93% of first-year students, with the bulk of support coming in the form of grants and scholarships.
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 Hobart and William Smith Colleges.
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 following numbers apply to scholarships and grants largely offered by the school itself.
90% of incoming freshmen (418 total) were given scholarships at Hobart and William Smith Colleges, averaging $33,604.00 per student. This puts it the top 25th percentile among colleges and universities nationwide.
In addition to scholarships, 22% of freshman students (101 total) obtained federal grant aid, averaging $7,767.00 a piece.
Amount of Financial Assistance Per Income Level
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 9.01% | $60,149.00 |
| Income 30k-48k | 6.44% | $52,421.00 |
| Income 48k-75k | 8.80% | $47,912.00 |
| Income 75k-110k | 6.87% | $37,480.00 |
| Income 110k + | 34.12% | $28,593.00 |
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.
93% of the 466 undergraduates at Hobart and William Smith Colleges receive some sort of grant aid. This is a total of about 420 students getting an average of $36,128.00 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.