by our College Data Analytics TeamMost students won’t pay the advertised price of a school. Instead, they will be provided with a financial aid plan that includes a mix of scholarships, grants, loans, and work-study. But some kinds of aid are more desirable than others, and some students will get more than others.
Discover the financial aid possibilities at UD and learn what assistance you might qualify for by continuing to read.
$8,715.00 is the typical University of Delaware’s first year financial aid package. A significant 89% of freshmen benefit from financial aid, with the main type being loans.
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 should be thought of as an “outcome” rather than “aid”. Read more about student loan debt at University of Delaware.
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 numbers listed below make reference to help that is offered by University of Delaware.
72% of incoming freshmen (3313 total) were given scholarships at University of Delaware, averaging $11,006.00 per student. This puts it the top 25th percentile among colleges and universities nationwide.
As well as scholarships, 19% of first-year students (871 total) got a federal grant, for about $5,012.00 per person.
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 | 5.76% | $14,982.00 |
| Income 30k-48k | 4.44% | $14,125.00 |
| Income 48k-75k | 4.55% | $11,448.00 |
| Income 75k-110k | 3.25% | $6,615.00 |
| Income 110k + | 5.72% | $3,299.00 |
The table above displays undergrads who are obtaining Title IV aid, federal aid from the government including loans, grants or work-study. Learn more here.
89% of the 4617 undergraduates at University of Delaware receive some sort of grant aid. This is a total of about 3936 students getting an average of $8,715.00 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.