by our College Data Analytics TeamRather than paying the full sticker price for a college education, most students receive a financial aid package that eases the burden with scholarships, grants, loans, and work-study options, while the amount and type of aid may vary among students.
What financial aid options does University of Providence offer, and what will you qualify for? Keep scrolling for answers.
$15,779.00 is the typical University of Providence’s first year financial aid package. About 99% of first year students receive financial aid, most of which is in the form of grants and scholarships.
Student loans come included in financial aid packages, however, the only true discount off of the price of college is a grant or scholarship that you do not need to pay back.
Concerned about the student loans that might be part of your financing deal? Look at the average amount of debt per student at University of Providence.
Colleges and universities offer institutional scholarships and grants as financial assistance to help students cover tuition fees and other educational costs. These awards, which do not require repayment, can be merit-based or need-based. Merit-based institutional scholarships recognize students who have exceptional academic records, special talents, or skills in particular areas. Eligibility for these scholarships often depends on factors such as a student’s high school performance, standardized test scores, or involvement in extracurricular activities. In contrast, need-based institutional grants are designed for students who show financial need. The amount awarded usually depends on the student’s family’s financial condition and aims.
The following numbers pertain to assistance that is supplied by University of Providence.
98% of new students (98 total) were given scholarships at University of Providence, averaging $13,952.00 per student. This puts it the top 25th percentile among colleges and universities nationwide.
In addition to scholarships, 37% of freshman students (37 total) obtained federal grant aid, averaging $4,842.00 a piece.
The following table shows scholarship and grant allocations by income for first-year students receiving any form of federal Title IV assistance, including Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 13.00% | $17,525.00 |
| Income 30k-48k | 12.00% | $16,809.00 |
| Income 48k-75k | 10.00% | $16,012.00 |
| Income 75k-110k | 13.00% | $12,805.00 |
| Income 110k + | 26.00% | $14,899.00 |
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.
99% of the 100 undergraduates at University of Providence receive some sort of grant aid. This is a total of about 98 students getting an average of $15,779.00 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.