by our College Data Analytics TeamThe total cost of attendance at St. Thomas University can seem overwhelming, but remember that the majority of students receive some sort of financial assistance. This could be in the form of scholarships, grants, work-study, or loans.
Curious about the financial aid opportunities at STU and what you may be eligible for? Explore the answers here.
St. Thomas University average financial aid offer for freshmen students is $21,705.00. 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 contains loans, grants, and scholarships. But college loans need to be repaid, thus they are not a real college discount.
Student debt should be thought of as an “outcome” rather than “aid”. Read more about student loan debt at St. Thomas University.
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.
98% of incoming freshmen (456 total) were awarded scholarships at St. Thomas University, averaging $15,045.00 a piece. This puts it the top 25th percentile among colleges and universities nationwide.
In addition to scholarships, 88% of first-year students (410 total) got federal grant aid, averaging $4,297.00 per person.
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 | 41.38% | $23,637.00 |
| Income 30k-48k | 16.59% | $22,793.00 |
| Income 48k-75k | 11.21% | $23,203.00 |
| Income 75k-110k | 5.39% | $17,804.00 |
| Income 110k + | 6.90% | $20,073.00 |
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.
100% of the 464 undergraduates at St. Thomas University receive some sort of grant aid. This is a total of about 462 students getting an average of $21,705.00 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.