by our College Data Analytics TeamMany students attending Sacred Heart Major Seminary can expect to receive financial assistance in various forms, such as scholarships, grants, loans, and work-study programs, making the cost of attendance more manageable.
Uncover the various financial aid options provided by SHMS and determine which ones you may be eligible for by continuing your exploration.
Sacred Heart Major Seminary average financial aid offer for freshmen students is $17,742.00. Financial aid is provided to about 100% of first-year students, with the bulk of support coming in the form of grants and scholarships.
Financial aid helps reduce the cost, or the full retail price of the college. However, be aware that the only true college discount is scholarships & grants.
A college loan is not a true college discount, but rather an outcome to consider. Find out how much student loan debt from Sacred Heart Major Seminary you may end up taking on.
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 stats below refer to aid that is provided by Sacred Heart Major Seminary.
100% of first-year students (2 total) were offered scholarships at Sacred Heart Major Seminary, averaging $15,619.00 per person. This puts it the top 25th percentile among colleges and universities nationwide.
In addition to scholarships, 50% of first-year students (1 total) got federal grant aid, averaging $4,245.00 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 | 0.00% | $0.00 |
| Income 30k-48k | 50.00% | $8,245.00 |
| Income 48k-75k | 0.00% | $0.00 |
| Income 75k-110k | 0.00% | $0.00 |
| Income 110k + | 50.00% | $27,238.00 |
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.
2 SHMS undergrads obtain grant aid (this is about 100% of the entire undergraduate student population). The average amount these students receive is $17,742.00.
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.