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.
Curious about the financial aid opportunities at Simpson U and what you may be eligible for? Explore the answers here.
$23,228.00 is the typical Simpson University’s first year financial aid package. A significant 99% of freshmen benefit from financial aid, with the main type being grants and scholarships.
Financial aid contains loans, grants, and scholarships. But college loans need to be repaid, thus they are not a real college discount.
Concerned about the loans that may be included in your financial aid package? See the average amount of debt per student at Simpson University.
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.
99% of new students (108 total) were offered scholarships at Simpson University, averaging $19,143.00 per person. This puts it the top 25th percentile among colleges and universities nationwide.
In addition to scholarships, 64% of first years (70 total) were awarded federal grant aid, averaging $3,347.00 each.
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 | 15.60% | $24,772.00 |
| Income 30k-48k | 11.01% | $23,457.00 |
| Income 48k-75k | 10.09% | $25,572.00 |
| Income 75k-110k | 5.50% | $27,832.00 |
| Income 110k + | 32.11% | $17,829.00 |
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.
Of the 109 undergraduate students at Simpson University around 99% (108 total) receive some form of grant aid. The typical amount awarded was $23,228.00.
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.