by our College Data Analytics TeamFinancial aid in the form of loans, grants, work-study, and scholarships is one way colleges reduce the cost of attendance so most students can actually afford to attend.
Curious about the financial aid opportunities at Ripon and what you may be eligible for? Explore the answers here.
$34,472.00 is the typical Ripon College’s first year financial aid package. A significant 100% 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 Ripon College 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 listed below make reference to help that is offered by Ripon College.
100% of incoming freshmen (220 total) were awarded scholarships at Ripon College, averaging $31,125.00 a piece. This puts it the top 25th percentile among colleges and universities nationwide.
In addition to scholarships, 68% of first-year students (151 total) got federal grant aid, averaging $3,937.00 per person.
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 | 14.93% | $41,884.00 |
| Income 30k-48k | 12.67% | $38,292.00 |
| Income 48k-75k | 12.67% | $37,974.00 |
| Income 75k-110k | 23.08% | $33,463.00 |
| Income 110k + | 20.81% | $29,239.00 |
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.
100% of the 221 undergraduates at Ripon College receive some sort of grant aid. This is a total of about 221 students getting an average of $34,472.00 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.