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 UHC and what you may be eligible for? Explore the answers here.
$10,554.00 is the typical University of Holy Cross’s first year financial aid package. About 93% of first year students receive financial aid, most of which is in the form of grants and scholarships.
A financial aid package includes loans, grants, and scholarships. However, student loans have to be paid back, so they aren’t a true discount.
A loan is not a legitimate college discount, but rather an outcome to consider. See how much student loan debt from University of Holy Cross you may end up taking on.
Institutional scholarships and grants refer to financial aid provided directly by a college or university to support students in covering their educational expenses. These awards can be either merit-based or need-based and do not require repayment. Merit-based institutional scholarships reward students who have demonstrated exceptional academic achievements, talents, or skills in specific areas. Such scholarships often take into account a student’s high school performance, standardized test scores, or extracurricular activities. On the other hand, need-based institutional grants are allocated to students who exhibit financial need. The amount awarded is usually determined by the student’s family’s financial circumstances and aims to cover the difference between the cost of attendance and the family’s capacity to pay. To assess eligibility for need-based grants, colleges and universities may use information from the Free Application for Federal Student Aid (FAFSA) or other financial aid forms. Institutional scholarships and grants play a crucial role in assisting students, as they can considerably lower the cost of college and make higher education more attainable.
The following numbers pertain to assistance that is supplied by University of Holy Cross.
48% of new students (29 total) were given scholarships at University of Holy Cross, averaging $6,162.00 per student. This puts it in the top 50th percentile among colleges and universities nationwide.
As well as scholarships, 82% of first-year students (50 total) got a federal grant, for about $4,274.00 per person.
The following table displays scholarship and grant allocations by family income for freshman students receiving any kind of federal Title IV assistance, such as Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 44.26% | $12,795.00 |
| Income 30k-48k | 8.20% | $10,392.00 |
| Income 48k-75k | 8.20% | $10,179.00 |
| Income 75k-110k | 6.56% | $5,062.00 |
| Income 110k + | 8.20% | $3,569.00 |
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.
53 UHC undergrads obtain grant aid (this is about 93% of the entire undergraduate student population). The average amount these students receive is $10,554.00.
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.