by our College Data Analytics TeamMost students won’t pay the advertised price of a school. Instead, they will be provided with a financial aid plan that includes a mix of scholarships, grants, loans, and work-study. But some kinds of aid are more desirable than others, and some students will get more than others.
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.
$20,166.00 is the typical Sierra Nevada College’s first year financial aid package. About 96% of first year students receive financial aid, most of which is in the form of grants and scholarships.
Financial aid helps reduce the cost, or the full retail price of the college. However, be aware that the only true college discount is scholarships & grants.
Worried about the student loans that might be part of a financing offer? View the average amount of debt per student at Sierra Nevada College.
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.
96% of incoming freshmen (54 total) were awarded scholarships at Sierra Nevada College, averaging $18,809.00 a piece. This puts it the top 25th percentile among colleges and universities nationwide.
As well as scholarships, 38% of freshmen (21 total) obtained a federal grant, for about $3,271.00 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 | 46.43% | $20,886.00 |
| Income 30k-48k | 3.57% | $5,500.00 |
| Income 48k-75k | 3.57% | $13,500.00 |
| Income 75k-110k | 1.79% | $18,000.00 |
| Income 110k + | 3.57% | $21,200.00 |
The table above displays undergrads who are obtaining Title IV aid, federal aid from the government including loans, grants or work-study. Learn more here.
54 SNC undergrads obtain grant aid (this is about 96% of the entire undergraduate student population). The average amount these students receive is $20,166.00.
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.