by our College Data Analytics TeamMany students attending Kenyon College can expect to receive financial assistance in various forms, such as scholarships, grants, loans, and work-study programs, making the cost of attendance more manageable.
What financial aid options does Kenyon offer, and what will you qualify for? Keep scrolling for answers.
Kenyon College average financial aid offer for freshmen students is $33,688.00. A significant 74% of freshmen benefit from financial aid, with the main type being grants and scholarships.
Student loans come included in financial aid packages, however, the only true discount off of the price of college is a grant or scholarship that you do not need to pay back.
Concerned about the loans that may be included in your financial aid package? See the average amount of debt per student at Kenyon 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 next numbers refer to grants and scholarships mainly supplied by the college itself.
70% of incoming freshmen (343 total) were given scholarships at Kenyon College, averaging $32,980.00 per student. This puts it the top 25th percentile among colleges and universities nationwide.
In addition to scholarships, 9% of first years (46 total) were awarded federal grant aid, averaging $7,234.00 each.
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 | 3.49% | $59,592.00 |
| Income 30k-48k | 2.26% | $55,576.00 |
| Income 48k-75k | 5.13% | $53,823.00 |
| Income 75k-110k | 3.90% | $46,752.00 |
| Income 110k + | 18.48% | $26,244.00 |
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.
74% of the 487 undergraduates at Kenyon College receive some sort of grant aid. This is a total of about 346 students getting an average of $33,688.00 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.