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.
What amount of Roanoke financial assistance will actually be available to you?Get answers to your questions here.
$33,665.00 is the typical Roanoke College’s first year financial aid package. 100% of reshman students get financial aid, most of which is in the form of grants and scholarships
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.
Student debt should be thought of as an “outcome” rather than “aid”. Read more about student loan debt at Roanoke College.
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 next numbers refer to grants and scholarships mainly supplied by the college itself.
100% of incoming freshmen (553 total) were awarded scholarships at Roanoke College, averaging $29,960.00 a piece. This puts it the top 25th percentile among colleges and universities nationwide.
In addition to scholarships, 93% of first-year students (515 total) got federal grant aid, averaging $2,185.00 per person.
The table shows scholarship and grant allocations by income for first-year students receiving any type of federal Title IV assistance, including Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 12.84% | $41,050.00 |
| Income 30k-48k | 7.59% | $40,696.00 |
| Income 48k-75k | 13.38% | $37,562.00 |
| Income 75k-110k | 16.64% | $33,503.00 |
| Income 110k + | 30.02% | $29,446.00 |
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.
553 Roanoke undergrads obtain grant aid (this is about 100% of the entire undergraduate student population). The average amount these students receive is $33,665.00.
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.