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.
However, some types of financial aid are definitely more desireable than others, and some students will receive more aid than others.Find out more by scrolling down the page.
$15,046.00 is the typical Regent University’s first year financial aid package. A significant 100% of freshmen benefit from financial aid, with the main type being grants and scholarships.
A financial aid package includes loans, grants, and scholarships. However, student loans have to be paid back, so they aren’t a true discount.
Student debt should be thought of as an “outcome” rather than “aid”. Read more about student loan debt at Regent University.
Institutional scholarships and grants refer to financial aid provided directly by a college or university to support students in covering their educational expenses. These awards can be either merit-based or need-based and do not require repayment. Merit-based institutional scholarships reward students who have demonstrated exceptional academic achievements, talents, or skills in specific areas. Such scholarships often take into account a student’s high school performance, standardized test scores, or extracurricular activities. On the other hand, need-based institutional grants are allocated to students who exhibit financial need. The amount awarded is usually determined by the student’s family’s financial circumstances and aims to cover the difference between the cost of attendance and the family’s capacity to pay. To assess eligibility for need-based grants, colleges and universities may use information from the Free Application for Federal Student Aid (FAFSA) or other financial aid forms. Institutional scholarships and grants play a crucial role in assisting students, as they can considerably lower the cost of college and make higher education more attainable.
The numbers below apply to scholarships and grants primarily provided by Regent University.
99% of first-year students (280 total) were offered scholarships at Regent University, averaging $10,286.00 per person. This puts it the top 25th percentile among colleges and universities nationwide.
As well as scholarships, 40% of freshmen (112 total) received a federal grant, for about $5,126.00 a person.
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 | 18.37% | $9,657.00 |
| Income 30k-48k | 10.25% | $9,429.00 |
| Income 48k-75k | 8.83% | $5,182.00 |
| Income 75k-110k | 1.41% | $490.00 |
| Income 110k + | 0.00% | $0.00 |
The table above displays undergrads who are obtaining Title IV aid, federal aid from the government including loans, grants or work-study. Learn more here.
100% of the 283 undergraduates at Regent University receive some sort of grant aid. This is a total of about 282 students getting an average of $15,046.00 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.