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.
Uncover the various financial aid options provided by Salem State and determine which ones you may be eligible for by continuing your exploration.
Salem State University average financial aid offer for freshmen students is $6,763.00. 97% of reshman students get financial aid, most of which is in the form of loans
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.
We feel that loan debt ought to be regarded as a consequence instead of true financial aid. Learn more on student loan debt at Salem State University.
In addition to scholarships, 46% of freshman students (454 total) obtained federal grant aid, averaging $5,027.00 a piece.
The following scholarships and grants are made up of mainly federally provided grants, plus some state and local grants.
46% of freshmen at Salem State University (454 total) received a federal grant, averaging $5,027.00.
Amount of Financial Assistance Per Income Level
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 | 22.27% | $11,863.00 |
| Income 30k-48k | 10.53% | $9,755.00 |
| Income 48k-75k | 13.44% | $8,282.00 |
| Income 75k-110k | 12.24% | $5,022.00 |
| Income 110k + | 19.76% | $2,118.00 |
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.
Of the 997 undergraduate students at Salem State University around 97% (964 total) receive some form of grant aid. The typical amount awarded was $6,763.00.
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.