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.
The amount of financial assistance and scholarships or grants you can get varies based on your circumstances. Keep reading to learn more to help you to know just how much aid and scholarships to expect from Sarah Lawrence.
$32,769.00 is the typical Sarah Lawrence College’s first year financial aid package. Financial aid is provided to about 82% of first-year students, with the bulk of support coming in the form of grants and scholarships.
Loans are included in the umbrella of ‘financial aid’, even so, the only true discount from the cost of college is a grant or scholarship that you don’t have to pay back.
A student loan isn’t a genuine college price reduction, but rather an additional cost consideration. Discover how much student loan debt from Sarah Lawrence College 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 next numbers refer to grants and scholarships mainly supplied by the college itself.
79% of incoming freshmen (315 total) were given scholarships at Sarah Lawrence College, averaging $32,426.00 per student. This puts it the top 25th percentile among colleges and universities nationwide.
As well as scholarships, 55% of first-year students (217 total) got a federal grant, for about $1,479.00 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 | 4.27% | $45,557.00 |
| Income 30k-48k | 3.02% | $48,358.00 |
| Income 48k-75k | 5.53% | $45,732.00 |
| Income 75k-110k | 10.05% | $41,044.00 |
| Income 110k + | 28.64% | $32,648.00 |
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.
82% of the 398 undergraduates at Sarah Lawrence College receive some sort of grant aid. This is a total of about 323 students getting an average of $32,769.00 per person.
Check out the Tuition and Fees page or the Cost Per Credit Hour page to find out more.
References
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