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.
Interested in understanding the financial aid resources available at Tufts and your eligibility? Find the answers you seek below.
Tufts University average financial aid offer for freshmen students is $43,436.00. Approximately 44% of incoming freshmen obtain financial assistance, with the majority being offered as grants and scholarships.
Loans are included in the umbrella of ‘financial aid’, even so, the only true discount from the cost of college is a grant or scholarship that you don’t have to pay back.
Concerned about the loans that may be included in your financial aid package? See the average amount of debt per student at Tufts University.
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 pertain to assistance that is supplied by Tufts University.
38% of new students (605 total) were offered scholarships at Tufts University, averaging $41,765.00 per person. This puts it the top 25th percentile among colleges and universities nationwide.
As well as scholarships, 13% of freshmen (204 total) received a federal grant, for about $4,756.00 a person.
The table following demonstrates grant and scholarship distributions by income level for freshmen getting any sort of federally-funded Title IV aid, which includes Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 2.98% | $68,029.00 |
| Income 30k-48k | 4.09% | $68,164.00 |
| Income 48k-75k | 3.60% | $56,324.00 |
| Income 75k-110k | 4.96% | $47,529.00 |
| Income 110k + | 14.51% | $21,068.00 |
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.
44% of the 1613 undergraduates at Tufts University receive some sort of grant aid. This is a total of about 608 students getting an average of $43,436.00 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.