by our College Data Analytics TeamRather than paying the full sticker price for a college education, most students receive a financial aid package that eases the burden with scholarships, grants, loans, and work-study options, while the amount and type of aid may vary among students.
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.
$8,256.00 is the typical Northern Vermont University’s first year financial aid package. 99% of first-year students are awarded financial aid, primarily comprising loans.
Loans are a part of financial aid plans, but the only true college discount is a scholarship or grant that you don’t have to repay.
Student debt should be thought of as an “outcome” rather than “aid”. Read more about student loan debt at Northern Vermont University.
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.
97% of incoming freshmen (299 total) were given scholarships at Northern Vermont University, averaging $5,193.00 per student. This puts it in the top 50th percentile among colleges and universities nationwide.
As well as scholarships, 62% of freshmen (189 total) obtained a federal grant, for about $5,728.00 a piece.
Amount of Financial Assistance Per Income Level
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 18.89% | $11,205.00 |
| Income 30k-48k | 9.12% | $10,965.00 |
| Income 48k-75k | 12.70% | $9,100.00 |
| Income 75k-110k | 5.54% | $5,068.00 |
| Income 110k + | 5.54% | $3,296.00 |
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.
99% of the 307 undergraduates at Northern Vermont University receive some sort of grant aid. This is a total of about 305 students getting an average of $8,256.00 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.