by our College Data Analytics TeamThe total cost of attendance at Providence College can seem overwhelming, but remember that the majority of students receive some sort of financial assistance. This could be in the form of scholarships, grants, work-study, or loans.
Curious about the financial aid opportunities at Providence and what you may be eligible for? Explore the answers here.
Providence College average financial aid offer for freshmen students is $32,100.00. Approximately 76% of incoming freshmen obtain financial assistance, with the majority being offered as grants and scholarships.
Financial aid helps reduce the cost, or the full retail price of the college. However, be aware that the only true college discount is scholarships & grants.
Concerned about the student loans that might be part of your financing deal? Look at the average amount of debt per student at Providence 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 next numbers refer to grants and scholarships mainly supplied by the college itself.
69% of new students (755 total) were offered scholarships at Providence College, averaging $31,218.00 per person. This puts it the top 25th percentile among colleges and universities nationwide.
As well as scholarships, 29% of freshmen (311 total) obtained a federal grant, for about $4,071.00 a piece.
The table following demonstrates grant and scholarship distributions by income level for freshmen getting any sort of federally-funded Title IV aid, which includes Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 6.06% | $50,364.00 |
| Income 30k-48k | 3.85% | $50,543.00 |
| Income 48k-75k | 6.70% | $43,393.00 |
| Income 75k-110k | 8.35% | $36,653.00 |
| Income 110k + | 28.99% | $21,235.00 |
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.
76% of the 1090 undergraduates at Providence College receive some sort of grant aid. This is a total of about 778 students getting an average of $32,100.00 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.