by our College Data Analytics TeamMany students attending Shepherd University can expect to receive financial assistance in various forms, such as scholarships, grants, loans, and work-study programs, making the cost of attendance more manageable.
However, some types of financial aid are definitely more desireable than others, and some students will receive more aid than others.Find out more by scrolling down the page.
$6,809.00 is the typical Shepherd University’s first year financial aid package. Financial aid is provided to about 95% 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.
Concerned about the loans that may be included in your financial aid package? See the average amount of debt per student at Shepherd University.
Institutional scholarships and grants refer to financial aid provided directly by a college or university to support students in covering their educational expenses. These awards can be either merit-based or need-based and do not require repayment. Merit-based institutional scholarships reward students who have demonstrated exceptional academic achievements, talents, or skills in specific areas. Such scholarships often take into account a student’s high school performance, standardized test scores, or extracurricular activities. On the other hand, need-based institutional grants are allocated to students who exhibit financial need. The amount awarded is usually determined by the student’s family’s financial circumstances and aims to cover the difference between the cost of attendance and the family’s capacity to pay. To assess eligibility for need-based grants, colleges and universities may use information from the Free Application for Federal Student Aid (FAFSA) or other financial aid forms. Institutional scholarships and grants play a crucial role in assisting students, as they can considerably lower the cost of college and make higher education more attainable.
The following numbers apply to scholarships and grants largely offered by the school itself.
67% of incoming freshmen (330 total) were awarded scholarships at Shepherd University, averaging $4,413.00 a piece. This puts it in the top 50th percentile among colleges and universities nationwide.
In addition to scholarships, 52% of freshman students (259 total) obtained federal grant aid, averaging $4,296.00 a piece.
The table below demonstrates scholarship and grant allocations by income level for freshmen receiving any type of federal Title IV assistance, which includes Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 14.75% | $9,972.00 |
| Income 30k-48k | 7.47% | $8,633.00 |
| Income 48k-75k | 9.09% | $6,643.00 |
| Income 75k-110k | 5.25% | $3,505.00 |
| Income 110k + | 7.88% | $3,075.00 |
The table above displays undergrads who are getting Title IV aid, federal aid from the government including loans, grants or work-study. Learn more here.
Of the 495 undergraduate students at Shepherd University around 95% (441 total) receive some form of grant aid. The typical amount awarded was $6,809.00.
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.