by our College Data Analytics TeamMost students won’t pay the advertised price of a school. Instead, they will be provided with a financial aid plan that includes a mix of scholarships, grants, loans, and work-study. But some kinds of aid are more desirable than others, and some students will get more than others.
However, some types of financial aid are definitely more desireable than others, and some students will receive more aid than others.Find out more by scrolling down the page.
$20,252.00 is the typical Martin Methodist College’s first year financial aid package. A significant 100% of freshmen benefit from financial aid, with the main type being 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.
Student debt really should be considered to be an added expense and not as “aid” or a “discount”. Find more about student loan debt at Martin Methodist College.
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 following numbers pertain to assistance that is supplied by Martin Methodist College.
100% of incoming freshmen (233 total) were given scholarships at Martin Methodist College, averaging $13,596.00 per student. This puts it the top 25th percentile among colleges and universities nationwide.
In addition to scholarships, 51% of first years (118 total) were awarded federal grant aid, averaging $5,527.00 each.
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 | 29.61% | $24,335.00 |
| Income 30k-48k | 12.45% | $23,805.00 |
| Income 48k-75k | 13.73% | $19,158.00 |
| Income 75k-110k | 9.87% | $16,040.00 |
| Income 110k + | 10.73% | $15,941.00 |
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.
100% of the 233 undergraduates at Martin Methodist College receive some sort of grant aid. This is a total of about 233 students getting an average of $20,252.00 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.