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.
What financial aid options does Rollins offer, and what will you qualify for? Keep scrolling for answers.
$34,476.00 is the typical Rollins College’s first year financial aid package. A significant 95% 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.
Concerned about the loans that may be included in your financial aid package? See the average amount of debt per student at Rollins College.
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 following numbers pertain to assistance that is supplied by Rollins College.
92% of incoming freshmen (510 total) were awarded scholarships at Rollins College, averaging $29,532.00 a piece. This puts it the top 25th percentile among colleges and universities nationwide.
In addition to scholarships, 26% of first years (144 total) were awarded federal grant aid, averaging $5,445.00 each.
The next table demonstrates grant and scholarship distributions by income level for freshmen getting any form of federally-funded Title IV aid, which includes Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 10.43% | $40,430.00 |
| Income 30k-48k | 5.04% | $45,294.00 |
| Income 48k-75k | 6.12% | $39,253.00 |
| Income 75k-110k | 7.19% | $36,312.00 |
| Income 110k + | 13.13% | $31,197.00 |
The table above shows undergrads who are getting Title IV aid, which is federal assistance from the government in the form of grants, loans, and work-study. Learn more here.
95% of the 556 undergraduates at Rollins College receive some sort of grant aid. This is a total of about 526 students getting an average of $34,476.00 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.