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.
What amount of Neumann financial assistance will actually be available to you?Get answers to your questions here.
$21,135.00 is the typical Neumann University’s first year financial aid package. Financial aid is provided to about 99% of first-year students, with the bulk of support coming in the form of grants and scholarships.
Loans are a part of financial aid plans, but the only true college discount is a scholarship or grant that you don’t have to repay.
Uneasy about the debt that may be included in your financial aid plan? Find the average amount of debt per student at Neumann University.
Colleges and universities offer institutional scholarships and grants as financial assistance to help students cover tuition fees and other educational costs. These awards, which do not require repayment, can be merit-based or need-based. Merit-based institutional scholarships recognize students who have exceptional academic records, special talents, or skills in particular areas. Eligibility for these scholarships often depends on factors such as a student’s high school performance, standardized test scores, or involvement in extracurricular activities. In contrast, need-based institutional grants are designed for students who show financial need. The amount awarded usually depends on the student’s family’s financial condition and aims.
The next numbers refer to grants and scholarships mainly supplied by the college itself.
99% of incoming freshmen (412 total) were awarded scholarships at Neumann University, averaging $17,267.00 a piece. This puts it the top 25th percentile among colleges and universities nationwide.
As well as scholarships, 46% of freshmen (191 total) received a federal grant, for about $5,408.00 a person.
The table below demonstrates scholarship and grant allocations by income level for freshmen receiving any type of federal Title IV assistance, which includes Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 21.88% | $26,546.00 |
| Income 30k-48k | 12.26% | $26,835.00 |
| Income 48k-75k | 14.66% | $22,498.00 |
| Income 75k-110k | 12.26% | $17,038.00 |
| Income 110k + | 12.98% | $18,281.00 |
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.
412 Neumann undergrads obtain grant aid (this is about 99% of the entire undergraduate student population). The average amount these students receive is $21,135.00.
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.