by our College Data Analytics TeamRather than paying the full sticker price for a college education, most students receive a financial aid package that eases the burden with scholarships, grants, loans, and work-study options, while the amount and type of aid may vary among students.
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 Merritt College.
$4,165.00 is the typical Merritt College’s first year financial aid package. About 69% of first year students receive financial aid, most of which is in the form of loans.
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.
Worried about the student loans that might be part of a financing offer? View the average amount of debt per student at Merritt College.
As well as scholarships, 44% of freshmen (100 total) received a federal grant, for about $4,425.00 a person.
Institutional scholarship and grant details for freshmen going to Merritt College are not available. This may be because the school concentrates on mostly adult learners. Read on, and we may have some information below about all undergraduates.
Amount of Financial Assistance Per Income Level
The table shows scholarship and grant allocations by income for first-year students receiving any type of federal Title IV assistance, including Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 28.89% | $6,953.00 |
| Income 30k-48k | 8.44% | $5,114.00 |
| Income 48k-75k | 6.22% | $2,410.00 |
| Income 75k-110k | 0.89% | $1,760.00 |
| Income 110k + | 0.00% | $0.00 |
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.
156 Merritt College undergrads obtain grant aid (this is about 69% of the entire undergraduate student population). The average amount these students receive is $4,165.00.Most of them are distributed as Pell Grants.
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.