by our College Data Analytics TeamThe total cost of attendance at Hood College 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.
Uncover the various financial aid options provided by Hood and determine which ones you may be eligible for by continuing your exploration.
Hood College average financial aid offer for freshmen students is $32,407.00. Financial aid is provided to about 100% of first-year students, with the bulk of support coming in the form of 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.
We feel that loan debt ought to be regarded as a consequence instead of true financial aid. Learn more on student loan debt at Hood College.
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 numbers listed below make reference to help that is offered by Hood College.
99% of incoming freshmen (318 total) were awarded scholarships at Hood College, averaging $27,918.00 a piece. This puts it the top 25th percentile among colleges and universities nationwide.
As well as scholarships, 87% of freshmen (279 total) received a federal grant, for about $3,558.00 a person.
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 | 22.50% | $39,949.00 |
| Income 30k-48k | 8.75% | $37,934.00 |
| Income 48k-75k | 13.12% | $32,001.00 |
| Income 75k-110k | 11.56% | $29,334.00 |
| Income 110k + | 23.44% | $24,683.00 |
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.
100% of the 320 undergraduates at Hood College receive some sort of grant aid. This is a total of about 318 students getting an average of $32,407.00 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.
