by our College Data Analytics TeamThe total cost of attendance at Madonna University 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.
What financial aid options does Madonna offer, and what will you qualify for? Keep scrolling for answers.
$17,552.00 is the typical Madonna University’s first year financial aid package. 98% of first-year students are awarded financial aid, primarily comprising 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.
Uneasy about the debt that may be included in your financial aid plan? Find the average amount of debt per student at Madonna 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 numbers below apply to scholarships and grants primarily provided by Madonna University.
98% of incoming freshmen (260 total) were given scholarships at Madonna University, averaging $13,397.00 per student. This puts it the top 25th percentile among colleges and universities nationwide.
As well as scholarships, 91% of freshmen (242 total) received a federal grant, for about $2,676.00 a person.
The next table demonstrates grant and scholarship distributions by income level for freshmen getting any form of federally-funded Title IV aid, which includes Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 20.00% | $20,063.00 |
| Income 30k-48k | 9.43% | $22,657.00 |
| Income 48k-75k | 11.32% | $18,188.00 |
| Income 75k-110k | 13.21% | $16,487.00 |
| Income 110k + | 24.91% | $13,790.00 |
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.
260 Madonna undergrads obtain grant aid (this is about 98% of the entire undergraduate student population). The average amount these students receive is $17,552.00.
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.