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 financial aid options does Northwest School of Wooden Boat Building offer, and what will you qualify for? Keep scrolling for answers.
$1,029.00 is the typical Northwest School of Wooden Boat Building’s first year financial aid package. A significant 71% of freshmen benefit from financial aid, with the main type being loans.
Financial aid helps lower the cost, or the full retail price of the institution. But bear in mind that the only true college discount is scholarships & grants.
Uneasy about the debt that may be included in your financial aid plan? Find the average amount of debt per student at Northwest School of Wooden Boat Building.
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.
14% of first-year students (1 total) were offered scholarships at Northwest School of Wooden Boat Building, averaging $1,125.00 per person. This puts it in the bottom 50th percentile among colleges and universities nationwide.
As well as scholarships, 29% of first-year students (2 total) got a federal grant, for about $466.00 per person.
Amount of Financial Assistance Per Income Level
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 | 14.29% | $362.00 |
| Income 30k-48k | 14.29% | $1,125.00 |
| Income 48k-75k | 0.00% | $0.00 |
| Income 75k-110k | 0.00% | $0.00 |
| Income 110k + | 0.00% | $0.00 |
The table above shows undergrads who are getting Title IV aid, which is federal assistance from the government in the form of grants, loans, and work-study. Learn more here.
Of the 7 undergraduate students at Northwest School of Wooden Boat Building around 71% (2 total) receive some form of grant aid. The typical amount awarded was $1,029.00.
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.