by our College Data Analytics TeamThe majority of college students don’t pay the full price for their education, as financial aid packages, including scholarships, grants, loans, and work-study opportunities, help to offset the costs.
Interested in understanding the financial aid resources available at South University, Montgomery and your eligibility? Find the answers you seek below.
South University, Montgomery average financial aid offer for freshmen students is $7,845.00. A significant 100% of freshmen benefit from financial aid, with the main type being loans.
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.
A student loan isn’t a genuine college price reduction, but rather an additional cost consideration. Discover how much student loan debt from South University, Montgomery you could end up dealing with.
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 following numbers apply to scholarships and grants largely offered by the school itself.
46% of new students (6 total) were given scholarships at South University, Montgomery, averaging $5,647.00 per student. This puts it in the top 50th percentile among colleges and universities nationwide.
In addition to scholarships, 85% of freshman students (11 total) obtained federal grant aid, averaging $5,769.00 a piece.
The next table shows grant and scholarship distributions by income for first-year students getting any form of federally-funded Title IV aid, including Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 61.54% | $8,276.00 |
| Income 30k-48k | 15.38% | $6,717.00 |
| Income 48k-75k | 7.69% | $2,354.00 |
| Income 75k-110k | 0.00% | $0.00 |
| Income 110k + | 7.69% | $16,920.00 |
The table above shows undergrads who are getting Title IV aid, which is federal assistance from the government in the form of grants, loans, and work-study. Learn more here.
100% of the 13 undergraduates at South University, Montgomery receive some sort of grant aid. This is a total of about 13 students getting an average of $7,845.00 per person.The largest share of which are in the guise of 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.