by our College Data Analytics TeamThe majority of college students don’t pay the full price for their education, as financial aid packages, including scholarships, grants, loans, and work-study opportunities, help to offset the costs.
Curious about the financial aid opportunities at NC State and what you may be eligible for? Explore the answers here.
North Carolina State University average financial aid offer for freshmen students is $9,595.00. About 68% of first year students receive financial aid, most of which is in the form of 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.
Concerned about the student loans that might be part of your financing deal? Look at the average amount of debt per student at North Carolina State University.
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 stats below refer to aid that is provided by North Carolina State University.
46% of incoming freshmen (2248 total) were awarded scholarships at North Carolina State University, averaging $7,432.00 a piece. This puts it in the top 50th percentile among colleges and universities nationwide.
As well as scholarships, 27% of freshmen (1332 total) received a federal grant, for about $4,345.00 a person.
The next table displays grant and scholarship distributions by family income for freshman students getting any kind of federally-funded Title IV aid, such as Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 7.34% | $16,919.00 |
| Income 30k-48k | 5.51% | $14,754.00 |
| Income 48k-75k | 6.52% | $9,778.00 |
| Income 75k-110k | 6.54% | $4,369.00 |
| Income 110k + | 5.12% | $1,152.00 |
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.
2533 NC State undergrads obtain grant aid (this is about 68% of the entire undergraduate student population). The average amount these students receive is $9,595.00.
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.