by our College Data Analytics TeamMany students attending Menlo College can expect to receive financial assistance in various forms, such as scholarships, grants, loans, and work-study programs, making the cost of attendance more manageable.
Interested in understanding the financial aid resources available at Menlo and your eligibility? Find the answers you seek below.
Menlo College average financial aid offer for freshmen students is $35,143.00. A significant 98% 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.
Concerned about the loans that may be included in your financial aid package? See the average amount of debt per student at Menlo College.
Financial awards given by a college or university to its students, known as institutional scholarships and grants, help to offset the cost of tuition and other education-related expenses. These awards fall into two categories: merit-based and need-based, and they do not need to be paid back. Merit-based institutional scholarships are granted to students who have shown outstanding academic accomplishments, special talents, or abilities in a particular field. Factors such as high school performance, standardized test results, or involvement in extracurricular activities often contribute to these scholarship decisions. Conversely, need-based institutional grants cater to students who demonstrate financial need. The awarded amount is typically based on the student’s family’s financial standing and is intended to cover the difference between the cost of attendance and the family’s ability to contribute. Colleges and universities might use data from the Free Application for Federal Student Aid (FAFSA) or other financial aid forms to determine a student’s eligibility for need-based grants. Institutional scholarships and grants are a vital source of financial support for students, as they can significantly reduce the cost of attending college and help make higher education more accessible.
The stats below refer to aid that is provided by Menlo College.
98% of incoming freshmen (234 total) were awarded scholarships at Menlo College, averaging $30,773.00 a piece. This puts it the top 25th percentile among colleges and universities nationwide.
As well as scholarships, 84% of freshmen (201 total) received a federal grant, for about $3,558.00 a person.
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 | 21.76% | $35,628.00 |
| Income 30k-48k | 10.88% | $34,866.00 |
| Income 48k-75k | 10.46% | $34,619.00 |
| Income 75k-110k | 6.28% | $39,304.00 |
| Income 110k + | 12.55% | $28,849.00 |
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.
98% of the 239 undergraduates at Menlo College receive some sort of grant aid. This is a total of about 234 students getting an average of $35,143.00 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.