by our College Data Analytics TeamRather than paying the full sticker price for a college education, most students receive a financial aid package that eases the burden with scholarships, grants, loans, and work-study options, while the amount and type of aid may vary among students.
Curious about the financial aid opportunities at Snead State Community College and what you may be eligible for? Explore the answers here.
Snead State Community College average financial aid offer for freshmen students is $5,760.00. Financial aid is provided to about 88% of first-year students, with the bulk of support coming in the form of 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.
Student debt really should be considered to be an added expense and not as “aid” or a “discount”. Find more about student loan debt at Snead State Community College.
Institutional scholarships and grants are financial aid awards given by colleges and universities to help students manage tuition costs and other education-related expenses. These awards, which do not need to be repaid, can be classified as merit-based or need-based. Students who excel academically, possess unique talents, or have specific skills can be eligible for merit-based institutional scholarships. Factors such as high school performance, standardized test scores, or participation in extracurricular activities often contribute to eligibility for these scholarships. Need-based institutional grants, on the other hand, are awarded to students who demonstrate financial need. The amount given is generally based on the student’s family’s financial situation, aiming to cover the gap between the cost of attendance and the family’s capacity to pay. To assess a student’s eligibility for need-based grants, colleges and universities may rely on information from the Free Application for Federal Student Aid (FAFSA) or other financial aid forms. Institutional scholarships and grants are essential for students, as they can substantially lower college expenses and make higher education more affordable.
The numbers below apply to scholarships and grants primarily provided by Snead State Community College.
13% of incoming freshmen (74 total) were awarded scholarships at Snead State Community College, averaging $5,906.00 a piece. This puts it in the top 50th percentile among colleges and universities nationwide.
In addition to scholarships, 62% of freshman students (357 total) obtained federal grant aid, averaging $5,319.00 a piece.
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 | 37.95% | $6,402.00 |
| Income 30k-48k | 13.52% | $5,690.00 |
| Income 48k-75k | 8.67% | $3,348.00 |
| Income 75k-110k | 0.52% | $3,794.00 |
| Income 110k + | 0.00% | $0.00 |
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 577 undergraduate students at Snead State Community College around 88% (397 total) receive some form of grant aid. The typical amount awarded was $5,760.00.The bulk of which are Pell Grants.
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.