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.
Interested in understanding the financial aid resources available at MACU and your eligibility? Find the answers you seek below.
Mid-America Christian University average financial aid offer for freshmen students is $10,411.00. 95% of first-year students are awarded financial aid, primarily comprising grants and scholarships.
A financial aid package includes loans, grants, and scholarships. However, student loans have to be paid back, so they aren’t a true discount.
A student loan isn’t a genuine college price reduction, but rather an additional cost consideration. Discover how much student loan debt from Mid-America Christian University you could end up dealing with.
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 next numbers refer to grants and scholarships mainly supplied by the college itself.
66% of new students (67 total) were given scholarships at Mid-America Christian University, averaging $8,222.00 per student. This puts it in the top 50th percentile among colleges and universities nationwide.
In addition to scholarships, 86% of first years (88 total) were awarded federal grant aid, averaging $4,479.00 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 | 41.18% | $9,812.00 |
| Income 30k-48k | 18.63% | $11,010.00 |
| Income 48k-75k | 9.80% | $11,438.00 |
| Income 75k-110k | 7.84% | $8,096.00 |
| Income 110k + | 5.88% | $9,792.00 |
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.
95% of the 102 undergraduates at Mid-America Christian University receive some sort of grant aid. This is a total of about 95 students getting an average of $10,411.00 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.