by our College Data Analytics TeamMost college students will not be charged the full price tag of a school. Instead, they will be offered a financial aid package that includes a combination of loans, grants, scholarships and possibly work-study opportunities.
The amount of financial assistance and scholarships or grants you can get varies based on your circumstances. Keep reading to learn more to help you to know just how much aid and scholarships to expect from MIU.
Maharishi International University average financial aid offer for freshmen students is $14,928.00. 87% 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.
Student debt should be thought of as an “outcome” rather than “aid”. Read more about student loan debt at Maharishi International 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 stats below refer to aid that is provided by Maharishi International University.
80% of new students (12 total) were offered scholarships at Maharishi International University, averaging $8,743.00 per person. This puts it the top 25th percentile among colleges and universities nationwide.
As well as scholarships, 67% of freshmen (10 total) received a federal grant, for about $6,981.00 a person.
The next table shows grant and scholarship distributions by income for first-year students getting any form of federally-funded Title IV aid, including Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 46.67% | $16,551.00 |
| Income 30k-48k | 13.33% | $17,153.00 |
| Income 48k-75k | 6.67% | $17,976.00 |
| Income 75k-110k | 0.00% | $0.00 |
| Income 110k + | 6.67% | $8,000.00 |
The table above shows undergrads who are getting Title IV aid, which is federal assistance from the government in the form of grants, loans, and work-study. Learn more here.
Of the 15 undergraduate students at Maharishi International University around 87% (12 total) receive some form of grant aid. The typical amount awarded was $14,928.00.
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.