by our College Data Analytics TeamFinancial aid in the form of loans, grants, work-study, and scholarships is one way colleges reduce the cost of attendance so most students can actually afford to attend.
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 MCLA.
$9,876.00 is the typical Massachusetts College of Liberal Arts’s first year financial aid package. 99% of reshman students get financial aid, most of which is in the form of 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 Massachusetts College of Liberal Arts.
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 Massachusetts College of Liberal Arts.
96% of incoming freshmen (274 total) were awarded scholarships at Massachusetts College of Liberal Arts, averaging $5,222.00 a piece. This puts it in the top 50th percentile among colleges and universities nationwide.
As well as scholarships, 67% of freshmen (191 total) obtained a federal grant, for about $3,955.00 a piece.
The table following demonstrates grant and scholarship distributions by income level for freshmen getting any sort of federally-funded Title IV aid, which includes Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 17.19% | $12,141.00 |
| Income 30k-48k | 8.07% | $14,045.00 |
| Income 48k-75k | 10.18% | $7,956.00 |
| Income 75k-110k | 11.58% | $5,844.00 |
| Income 110k + | 12.63% | $5,067.00 |
The table above displays undergrads who are getting Title IV aid, federal aid from the government including loans, grants or work-study. Learn more here.
99% of the 285 undergraduates at Massachusetts College of Liberal Arts receive some sort of grant aid. This is a total of about 279 students getting an average of $9,876.00 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.