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.
What financial aid options does Paine College offer, and what will you qualify for? Keep scrolling for answers.
Paine College average financial aid offer for freshmen students is $11,835.00. A significant 100% of freshmen benefit from financial aid, with the main type being grants and scholarships.
Financial aid contains loans, grants, and scholarships. But college loans need to be repaid, thus they are not a real college discount.
Uneasy about the debt that may be included in your financial aid plan? Find the average amount of debt per student at Paine College.
Institutional scholarships and grants are financial aid awards given by colleges and universities to help students manage tuition costs and other education-related expenses. These awards, which do not need to be repaid, can be classified as merit-based or need-based. Students who excel academically, possess unique talents, or have specific skills can be eligible for merit-based institutional scholarships. Factors such as high school performance, standardized test scores, or participation in extracurricular activities often contribute to eligibility for these scholarships. Need-based institutional grants, on the other hand, are awarded to students who demonstrate financial need. The amount given is generally based on the student’s family’s financial situation, aiming to cover the gap between the cost of attendance and the family’s capacity to pay. To assess a student’s eligibility for need-based grants, colleges and universities may rely on information from the Free Application for Federal Student Aid (FAFSA) or other financial aid forms. Institutional scholarships and grants are essential for students, as they can substantially lower college expenses and make higher education more affordable.
The following numbers pertain to assistance that is supplied by Paine College.
51% of new students (49 total) were offered scholarships at Paine College, averaging $8,709.00 per person. This puts it the top 25th percentile among colleges and universities nationwide.
In addition to scholarships, 95% of first years (91 total) were awarded federal grant aid, averaging $5,806.00 each.
The next table demonstrates grant and scholarship distributions by income level for freshmen getting any form of federally-funded Title IV aid, which includes Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 61.46% | $12,349.00 |
| Income 30k-48k | 15.62% | $13,042.00 |
| Income 48k-75k | 9.38% | $10,876.00 |
| Income 75k-110k | 6.25% | $4,180.00 |
| Income 110k + | 2.08% | $14,910.00 |
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 96 undergraduate students at Paine College around 100% (91 total) receive some form of grant aid. The typical amount awarded was $11,835.00.
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.