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.
Uncover the various financial aid options provided by Salve Regina and determine which ones you may be eligible for by continuing your exploration.
Salve Regina University average financial aid offer for freshmen students is $25,413.00. 100% of first-year students are awarded financial aid, primarily comprising grants and scholarships.
Student loans come included in financial aid packages, however, the only true discount off of the price of college is a grant or scholarship that you do not need to pay back.
Concerned about the loans that may be included in your financial aid package? See the average amount of debt per student at Salve Regina University.
Financial awards given by a college or university to its students, known as institutional scholarships and grants, help to offset the cost of tuition and other education-related expenses. These awards fall into two categories: merit-based and need-based, and they do not need to be paid back. Merit-based institutional scholarships are granted to students who have shown outstanding academic accomplishments, special talents, or abilities in a particular field. Factors such as high school performance, standardized test results, or involvement in extracurricular activities often contribute to these scholarship decisions. Conversely, need-based institutional grants cater to students who demonstrate financial need. The awarded amount is typically based on the student’s family’s financial standing and is intended to cover the difference between the cost of attendance and the family’s ability to contribute. Colleges and universities might use data from the Free Application for Federal Student Aid (FAFSA) or other financial aid forms to determine a student’s eligibility for need-based grants. Institutional scholarships and grants are a vital source of financial support for students, as they can significantly reduce the cost of attending college and help make higher education more accessible.
The numbers listed below make reference to help that is offered by Salve Regina University.
99% of incoming freshmen (646 total) were given scholarships at Salve Regina University, averaging $24,755.00 per student. This puts it the top 25th percentile among colleges and universities nationwide.
As well as scholarships, 30% of freshmen (198 total) received a federal grant, for about $3,665.00 a person.
The next table displays grant and scholarship distributions by family income for freshman students getting any kind of federally-funded Title IV aid, such as Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 6.12% | $33,662.00 |
| Income 30k-48k | 4.74% | $33,964.00 |
| Income 48k-75k | 9.17% | $31,412.00 |
| Income 75k-110k | 14.07% | $29,053.00 |
| Income 110k + | 43.88% | $24,211.00 |
The table above shows students who are receiving Title IV aid, which is federal assistance from the government in the form of grants, loans, and work-study. Learn more.
Of the 654 undergraduate students at Salve Regina University around 100% (652 total) receive some form of grant aid. The typical amount awarded was $25,413.00.
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.