by our College Data Analytics TeamMost college students will not be charged the full price tag of a school. Instead, they will be offered a financial aid package that includes a combination of loans, grants, scholarships and possibly work-study opportunities.
Uncover the various financial aid options provided by Purdue and determine which ones you may be eligible for by continuing your exploration.
Purdue University - Main Campus average financial aid offer for freshmen students is $10,293.00. A significant 61% 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.
Student debt should be thought of as an “outcome” rather than “aid”. Read more about student loan debt at Purdue University - Main Campus.
Financial awards given by a college or university to its students, known as institutional scholarships and grants, help to offset the cost of tuition and other education-related expenses. These awards fall into two categories: merit-based and need-based, and they do not need to be paid back. Merit-based institutional scholarships are granted to students who have shown outstanding academic accomplishments, special talents, or abilities in a particular field. Factors such as high school performance, standardized test results, or involvement in extracurricular activities often contribute to these scholarship decisions. Conversely, need-based institutional grants cater to students who demonstrate financial need. The awarded amount is typically based on the student’s family’s financial standing and is intended to cover the difference between the cost of attendance and the family’s ability to contribute. Colleges and universities might use data from the Free Application for Federal Student Aid (FAFSA) or other financial aid forms to determine a student’s eligibility for need-based grants. Institutional scholarships and grants are a vital source of financial support for students, as they can significantly reduce the cost of attending college and help make higher education more accessible.
The stats below refer to aid that is provided by Purdue University - Main Campus.
40% of incoming freshmen (3272 total) were awarded scholarships at Purdue University - Main Campus, averaging $7,357.00 a piece. This puts it in the top 50th percentile among colleges and universities nationwide.
In addition to scholarships, 14% of freshman students (1171 total) obtained federal grant aid, averaging $4,879.00 a piece.
Amount of Financial Assistance Per Income Level
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 | 3.80% | $16,650.00 |
| Income 30k-48k | 3.86% | $16,792.00 |
| Income 48k-75k | 4.35% | $14,195.00 |
| Income 75k-110k | 2.91% | $5,521.00 |
| Income 110k + | 3.18% | $1,786.00 |
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.
3402 Purdue undergrads obtain grant aid (this is about 61% of the entire undergraduate student population). The average amount these students receive is $10,293.00.
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.