by our College Data Analytics TeamMany students attending Pratt Institute - Main can expect to receive financial assistance in various forms, such as scholarships, grants, loans, and work-study programs, making the cost of attendance more manageable.
The amount of financial assistance and scholarships or grants you can get varies based on your circumstances. Keep reading to learn more to help you to know just how much aid and scholarships to expect from Pratt Institute.
$22,192.00 is the typical Pratt Institute - Main’s first year financial aid package. A significant 81% 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.
Worried about the student loans that might be part of a financing offer? View the average amount of debt per student at Pratt Institute - Main.
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 Pratt Institute - Main.
69% of incoming freshmen (581 total) were awarded scholarships at Pratt Institute - Main, averaging $22,182.00 a piece. This puts it the top 25th percentile among colleges and universities nationwide.
As well as scholarships, 18% of first-year students (153 total) got a federal grant, for about $5,703.00 per person.
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 | 7.71% | $29,456.00 |
| Income 30k-48k | 4.39% | $27,888.00 |
| Income 48k-75k | 5.81% | $20,159.00 |
| Income 75k-110k | 5.46% | $18,909.00 |
| Income 110k + | 14.23% | $18,915.00 |
The table above displays students who are getting Title IV aid, federal aid from the government including loans, grants or work-study. Get more info on Title IV here.
620 Pratt Institute undergrads obtain grant aid (this is about 81% of the entire undergraduate student population). The average amount these students receive is $22,192.00.
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.