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 Peru State offer, and what will you qualify for? Keep scrolling for answers.
$6,114.00 is the typical Peru State College’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.
Financial aid helps decrease the expense, or the “sticker” price of the school. But keep in mind that the only real discounts off the cost of college are in the form of grants and scholarships.
Uneasy about the debt that may be included in your financial aid plan? Find the average amount of debt per student at Peru State College.
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 stats below refer to aid that is provided by Peru State College.
92% of new students (253 total) were given scholarships at Peru State College, averaging $3,298.00 per student. This puts it in the top 50th percentile among colleges and universities nationwide.
In addition to scholarships, 59% of first-year students (162 total) got federal grant aid, averaging $4,598.00 per person.
The table below shows grant and scholarship distributions by income for first-year students getting any sort of federally-funded Title IV aid, including Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 21.38% | $8,326.00 |
| Income 30k-48k | 14.13% | $8,295.00 |
| Income 48k-75k | 17.39% | $6,482.00 |
| Income 75k-110k | 19.93% | $4,358.00 |
| Income 110k + | 22.10% | $3,941.00 |
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.
Of the 276 undergraduate students at Peru State College around 99% (270 total) receive some form of grant aid. The typical amount awarded was $6,114.00.
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.