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.
Interested in understanding the financial aid resources available at Rabbinical Academy Mesivta Rabbi Chaim Berlin and your eligibility? Find the answers you seek below.
Financial Aid for First Years Students Not Known
Student loans come included in financial aid packages, however, the only true discount off of the price of college is a grant or scholarship that you do not need to pay back.
Uneasy about the debt that may be included in your financial aid plan? Find the average amount of debt per student at Rabbinical Academy Mesivta Rabbi Chaim Berlin.
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 stats below refer to aid that is provided by Rabbinical Academy Mesivta Rabbi Chaim Berlin.
89% of incoming freshmen (32 total) were given scholarships at Rabbinical Academy Mesivta Rabbi Chaim Berlin, averaging $5,265.00 per student. This puts it in the top 50th percentile among colleges and universities nationwide.
As well as scholarships, 86% of freshmen (31 total) obtained a federal grant, for about $5,082.00 a piece.
The following table shows scholarship and grant allocations by income for first-year students receiving any form of federal Title IV assistance, including Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 5.56% | $14,700.00 |
| Income 30k-48k | 8.33% | $13,483.00 |
| Income 48k-75k | 5.56% | $13,450.00 |
| Income 75k-110k | 5.56% | $11,701.00 |
| Income 110k + | 0.00% | $0.00 |
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.
36 Rabbinical Academy Mesivta Rabbi Chaim Berlin undergrads obtain grant aid (this is about 100% of the entire undergraduate student population). The average amount these students receive is $9,987.00.
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.