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.
Discover the financial aid possibilities at Suffolk and learn what assistance you might qualify for by continuing to read.
Suffolk University average financial aid offer for freshmen students is $23,424.00. Financial aid is provided to about 93% of first-year students, with the bulk of support coming in the form of grants and scholarships.
Financial aid helps decrease the expense, or the “sticker” price of the school. But keep in mind that the only real discounts off the cost of college are in the form of grants and scholarships.
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 Suffolk University.
Institutional scholarships and grants refer to financial aid provided directly by a college or university to support students in covering their educational expenses. These awards can be either merit-based or need-based and do not require repayment. Merit-based institutional scholarships reward students who have demonstrated exceptional academic achievements, talents, or skills in specific areas. Such scholarships often take into account a student’s high school performance, standardized test scores, or extracurricular activities. On the other hand, need-based institutional grants are allocated to students who exhibit financial need. The amount awarded is usually determined by the student’s family’s financial circumstances and aims to cover the difference between the cost of attendance and the family’s capacity to pay. To assess eligibility for need-based grants, colleges and universities may use information from the Free Application for Federal Student Aid (FAFSA) or other financial aid forms. Institutional scholarships and grants play a crucial role in assisting students, as they can considerably lower the cost of college and make higher education more attainable.
The following numbers apply to scholarships and grants largely offered by the school itself.
92% of incoming freshmen (987 total) were given scholarships at Suffolk University, averaging $21,479.00 per student. This puts it the top 25th percentile among colleges and universities nationwide.
As well as scholarships, 28% of first-year students (298 total) got a federal grant, for about $5,088.00 per person.
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 | 12.89% | $29,393.00 |
| Income 30k-48k | 7.66% | $28,626.00 |
| Income 48k-75k | 9.62% | $28,239.00 |
| Income 75k-110k | 12.04% | $29,123.00 |
| Income 110k + | 24.65% | $23,342.00 |
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.
93% of the 1071 undergraduates at Suffolk University receive some sort of grant aid. This is a total of about 994 students getting an average of $23,424.00 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.