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.
Discover the financial aid possibilities at Three Rivers College and learn what assistance you might qualify for by continuing to read.
Three Rivers College average financial aid offer for freshmen students is $6,618.00. Financial aid is provided to about 96% 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 should be thought of as an “outcome” rather than “aid”. Read more about student loan debt at Three Rivers 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 next numbers refer to grants and scholarships mainly supplied by the college itself.
25% of new students (130 total) were given scholarships at Three Rivers College, averaging $3,568.00 per student. This puts it in the top 50th percentile among colleges and universities nationwide.
As well as scholarships, 88% of freshmen (464 total) obtained a federal grant, for about $5,360.00 a piece.
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 | 41.70% | $7,774.00 |
| Income 30k-48k | 14.72% | $6,869.00 |
| Income 48k-75k | 11.32% | $5,686.00 |
| Income 75k-110k | 0.57% | $2,661.00 |
| Income 110k + | 0.57% | $2,228.00 |
The table above shows students who are obtaining Title IV aid, which is federal assistance from the government in the form of grants, loans, and work-study. Learn more here.
Of the 530 undergraduate students at Three Rivers College around 96% (504 total) receive some form of grant aid. The typical amount awarded was $6,618.00.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.