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 K College and determine which ones you may be eligible for by continuing your exploration.
$36,212.00 is the typical Kalamazoo College’s first year financial aid package. About 100% of first year students receive financial aid, most of which is in the form of grants and scholarships.
Financial aid helps lower the cost, or the full retail price of the institution. But bear in mind that the only true college discount is scholarships & grants.
A college loan is not a true college discount, but rather an outcome to consider. Find out how much student loan debt from Kalamazoo College 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 numbers listed below make reference to help that is offered by Kalamazoo College.
98% of new students (388 total) were given scholarships at Kalamazoo College, averaging $34,304.00 per student. This puts it the top 25th percentile among colleges and universities nationwide.
In addition to scholarships, 59% of first-year students (232 total) got federal grant aid, averaging $2,825.00 per person.
The table below shows grant and scholarship distributions by income for first-year students getting any sort of federally-funded Title IV aid, including Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 10.13% | $45,994.00 |
| Income 30k-48k | 6.08% | $45,962.00 |
| Income 48k-75k | 10.13% | $43,048.00 |
| Income 75k-110k | 9.11% | $37,961.00 |
| Income 110k + | 9.87% | $33,903.00 |
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.
392 K College undergrads obtain grant aid (this is about 100% of the entire undergraduate student population). The average amount these students receive is $36,212.00.
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.