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.
Uncover the various financial aid options provided by Longy and determine which ones you may be eligible for by continuing your exploration.
$23,299.00 is the typical Longy School of Music of Bard College’s first year financial aid package. Financial aid is provided to about 100% of first-year students, with the bulk of support coming in the form of grants and scholarships.
A financial aid package includes loans, grants, and scholarships. However, student loans have to be paid back, so they aren’t a true discount.
Uneasy about the debt that may be included in your financial aid plan? Find the average amount of debt per student at Longy School of Music of Bard College.
Institutional scholarships and grants are financial aid awards given by colleges and universities to help students manage tuition costs and other education-related expenses. These awards, which do not need to be repaid, can be classified as merit-based or need-based. Students who excel academically, possess unique talents, or have specific skills can be eligible for merit-based institutional scholarships. Factors such as high school performance, standardized test scores, or participation in extracurricular activities often contribute to eligibility for these scholarships. Need-based institutional grants, on the other hand, are awarded to students who demonstrate financial need. The amount given is generally based on the student’s family’s financial situation, aiming to cover the gap between the cost of attendance and the family’s capacity to pay. To assess a student’s eligibility for need-based grants, colleges and universities may rely on information from the Free Application for Federal Student Aid (FAFSA) or other financial aid forms. Institutional scholarships and grants are essential for students, as they can substantially lower college expenses and make higher education more affordable.
The following numbers apply to scholarships and grants largely offered by the school itself.
100% of first-year students (8 total) were offered scholarships at Longy School of Music of Bard College, averaging $21,750.00 per person. This puts it the top 25th percentile among colleges and universities nationwide.
In addition to scholarships, 25% of first years (2 total) were awarded federal grant aid, averaging $6,195.00 each.
The following table shows scholarship and grant allocations by income for first-year students receiving any form of federal Title IV assistance, including Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 25.00% | $26,695.00 |
| Income 30k-48k | 0.00% | $0.00 |
| Income 48k-75k | 12.50% | $34,000.00 |
| Income 75k-110k | 12.50% | $5,000.00 |
| Income 110k + | 12.50% | $29,000.00 |
The table above shows students who are obtaining Title IV aid, which is federal assistance from the government in the form of grants, loans, and work-study. Learn more here.
Of the 8 undergraduate students at Longy School of Music of Bard College around 100% (8 total) receive some form of grant aid. The typical amount awarded was $23,299.00.
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.