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 Ramapo College and determine which ones you may be eligible for by continuing your exploration.
Ramapo College of New Jersey average financial aid offer for freshmen students is $11,972.00. A significant 78% of freshmen benefit from financial aid, with the main type being grants and scholarships.
Loans are a part of financial aid plans, but the only true college discount is a scholarship or grant that you don’t have to repay.
A loan is not a legitimate college discount, but rather an outcome to consider. See how much student loan debt from Ramapo College of New Jersey you may end up taking on.
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 numbers below apply to scholarships and grants primarily provided by Ramapo College of New Jersey.
33% of incoming freshmen (336 total) were awarded scholarships at Ramapo College of New Jersey, averaging $8,263.00 a piece. This puts it the top 25th percentile among colleges and universities nationwide.
As well as scholarships, 29% of freshmen (298 total) obtained a federal grant, for about $5,399.00 a piece.
The next table displays grant and scholarship distributions by family income for freshman students getting any kind of federally-funded Title IV aid, such as Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 14.77% | $16,930.00 |
| Income 30k-48k | 8.07% | $12,645.00 |
| Income 48k-75k | 5.44% | $7,104.00 |
| Income 75k-110k | 3.21% | $2,022.00 |
| Income 110k + | 4.57% | $1,417.00 |
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.
Of the 1029 undergraduate students at Ramapo College of New Jersey around 78% (520 total) receive some form of grant aid. The typical amount awarded was $11,972.00.
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.