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 St. Lawrence and what you may be eligible for? Explore the answers here.
$41,467.00 is the typical St Lawrence University’s first year financial aid package. About 97% of first year students receive financial aid, most of which is in the form of grants and scholarships.
Financial aid helps lower the cost, or the full retail price of the institution. But bear in mind that the only true college discount is scholarships & grants.
Uneasy about the debt that may be included in your financial aid plan? Find the average amount of debt per student at St Lawrence University.
Financial awards given by a college or university to its students, known as institutional scholarships and grants, help to offset the cost of tuition and other education-related expenses. These awards fall into two categories: merit-based and need-based, and they do not need to be paid back. Merit-based institutional scholarships are granted to students who have shown outstanding academic accomplishments, special talents, or abilities in a particular field. Factors such as high school performance, standardized test results, or involvement in extracurricular activities often contribute to these scholarship decisions. Conversely, need-based institutional grants cater to students who demonstrate financial need. The awarded amount is typically based on the student’s family’s financial standing and is intended to cover the difference between the cost of attendance and the family’s ability to contribute. Colleges and universities might use data from the Free Application for Federal Student Aid (FAFSA) or other financial aid forms to determine a student’s eligibility for need-based grants. Institutional scholarships and grants are a vital source of financial support for students, as they can significantly reduce the cost of attending college and help make higher education more accessible.
The numbers below apply to scholarships and grants primarily provided by St Lawrence University.
97% of first-year students (584 total) were offered scholarships at St Lawrence University, averaging $39,245.00 per person. This puts it the top 25th percentile among colleges and universities nationwide.
In addition to scholarships, 30% of first years (183 total) were awarded federal grant aid, averaging $4,827.00 each.
The table below shows grant and scholarship distributions by income for first-year students getting any sort of federally-funded Title IV aid, including Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 9.59% | $63,683.00 |
| Income 30k-48k | 6.12% | $57,942.00 |
| Income 48k-75k | 9.75% | $52,649.00 |
| Income 75k-110k | 12.89% | $47,735.00 |
| Income 110k + | 26.78% | $33,862.00 |
The table above displays students who are getting Title IV aid, federal aid from the government including loans, grants or work-study. Get more info on Title IV here.
97% of the 605 undergraduates at St Lawrence University receive some sort of grant aid. This is a total of about 584 students getting an average of $41,467.00 per person.
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.