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.
What amount of Philander Smith financial assistance will actually be available to you?Get answers to your questions here.
Philander Smith College average financial aid offer for freshmen students is $12,632.00. 100% of first-year students are awarded financial aid, primarily comprising 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.
A student loan isn’t a genuine college price reduction, but rather an additional cost consideration. Discover how much student loan debt from Philander Smith College you could end up dealing with.
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 numbers listed below make reference to help that is offered by Philander Smith College.
81% of new students (205 total) were given scholarships at Philander Smith College, averaging $9,623.00 per student. This puts it the top 25th percentile among colleges and universities nationwide.
As well as scholarships, 80% of freshmen (201 total) received a federal grant, for about $5,664.00 a person.
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 | 56.75% | $12,279.00 |
| Income 30k-48k | 17.06% | $13,371.00 |
| Income 48k-75k | 6.35% | $8,901.00 |
| Income 75k-110k | 2.78% | $10,966.00 |
| Income 110k + | 3.97% | $11,242.00 |
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.
100% of the 252 undergraduates at Philander Smith College receive some sort of grant aid. This is a total of about 249 students getting an average of $12,632.00 per person.
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.