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.
However, some types of financial aid are definitely more desireable than others, and some students will receive more aid than others.Find out more by scrolling down the page.
$10,726.00 is the typical Montclair State University’s first year financial aid package. A significant 82% of freshmen benefit from financial aid, with the main type being grants and scholarships.
Loans are included in the umbrella of ‘financial aid’, even so, the only true discount from the cost of college is a grant or scholarship that you don’t have to pay back.
A loan is not a legitimate college discount, but rather an outcome to consider. See how much student loan debt from Montclair State University you may end up taking on.
In addition to scholarships, 47% of freshman students (1443 total) obtained federal grant aid, averaging $5,420.00 a piece.
These grants and scholarships are made up of mainly federal grants, plus some state and local awards.
47% of first years at Montclair State University (1443 total) obtained a federal grant, averaging $5,420.00.
Amount of Financial Assistance Per Income Level
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 24.11% | $13,934.00 |
| Income 30k-48k | 12.56% | $11,813.00 |
| Income 48k-75k | 9.51% | $8,041.00 |
| Income 75k-110k | 4.41% | $2,813.00 |
| Income 110k + | 3.47% | $1,057.00 |
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.
1915 Montclair State undergrads obtain grant aid (this is about 82% of the entire undergraduate student population). The average amount these students receive is $10,726.00.
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.