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 financial aid options does Saint Joseph’s Maine offer, and what will you qualify for? Keep scrolling for answers.
Saint Joseph’s College of Maine average financial aid offer for freshmen students is $24,560.00. A significant 99% 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 student loan isn’t a genuine college price reduction, but rather an additional cost consideration. Discover how much student loan debt from Saint Joseph’s College of Maine you could end up dealing with.
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 Saint Joseph’s College of Maine.
99% of incoming freshmen (209 total) were given scholarships at Saint Joseph’s College of Maine, averaging $22,768.00 per student. This puts it the top 25th percentile among colleges and universities nationwide.
In addition to scholarships, 72% of first years (152 total) were awarded federal grant aid, averaging $2,404.00 each.
The following table shows scholarship and grant allocations by income for first-year students receiving any form of federal Title IV assistance, including Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 10.38% | $29,250.00 |
| Income 30k-48k | 10.85% | $29,770.00 |
| Income 48k-75k | 11.79% | $28,041.00 |
| Income 75k-110k | 21.23% | $25,021.00 |
| Income 110k + | 37.26% | $21,501.00 |
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.
209 Saint Joseph’s Maine undergrads obtain grant aid (this is about 99% of the entire undergraduate student population). The average amount these students receive is $24,560.00.
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.