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.
Curious about the financial aid opportunities at Mitchell College and what you may be eligible for? Explore the answers here.
Mitchell College average financial aid offer for freshmen students is $20,326.00. 100% of first-year students are awarded financial aid, primarily comprising grants and scholarships.
Financial aid contains loans, grants, and scholarships. But college loans need to be repaid, thus they are not a real college discount.
A loan is not a legitimate college discount, but rather an outcome to consider. See how much student loan debt from Mitchell College you may end up taking on.
Institutional scholarships and grants are financial aid awards given by colleges and universities to help students manage tuition costs and other education-related expenses. These awards, which do not need to be repaid, can be classified as merit-based or need-based. Students who excel academically, possess unique talents, or have specific skills can be eligible for merit-based institutional scholarships. Factors such as high school performance, standardized test scores, or participation in extracurricular activities often contribute to eligibility for these scholarships. Need-based institutional grants, on the other hand, are awarded to students who demonstrate financial need. The amount given is generally based on the student’s family’s financial situation, aiming to cover the gap between the cost of attendance and the family’s capacity to pay. To assess a student’s eligibility for need-based grants, colleges and universities may rely on information from the Free Application for Federal Student Aid (FAFSA) or other financial aid forms. Institutional scholarships and grants are essential for students, as they can substantially lower college expenses and make higher education more affordable.
The following numbers apply to scholarships and grants largely offered by the school itself.
100% of new students (128 total) were offered scholarships at Mitchell College, averaging $17,219.00 per person. This puts it the top 25th percentile among colleges and universities nationwide.
As well as scholarships, 50% of first-year students (64 total) got a federal grant, for about $5,416.00 per person.
The table below shows grant and scholarship distributions by income for first-year students getting any sort of federally-funded Title IV aid, including Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 74.22% | $24,185.00 |
| Income 30k-48k | 5.47% | $23,517.00 |
| Income 48k-75k | 3.91% | $22,906.00 |
| Income 75k-110k | 0.00% | $0.00 |
| Income 110k + | 0.78% | $25,000.00 |
The table above displays undergrads who are obtaining Title IV aid, federal aid from the government including loans, grants or work-study. Learn more here.
Of the 128 undergraduate students at Mitchell College around 100% (128 total) receive some form of grant aid. The typical amount awarded was $20,326.00.
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.