by our College Data Analytics TeamMost college students will not be charged the full price tag of a school. Instead, they will be offered a financial aid package that includes a combination of loans, grants, scholarships and possibly work-study opportunities.
Discover the financial aid possibilities at UIUC and learn what assistance you might qualify for by continuing to read.
$16,785.00 is the typical University of Illinois at Urbana-Champaign’s first year financial aid package. 70% of reshman students get 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.
Student debt should be thought of as an “outcome” rather than “aid”. Read more about student loan debt at University of Illinois at Urbana-Champaign.
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 Illinois at Urbana-Champaign.
53% of incoming freshmen (4053 total) were awarded scholarships at University of Illinois at Urbana-Champaign, averaging $9,822.00 a piece. This puts it the top 25th percentile among colleges and universities nationwide.
As well as scholarships, 35% of first-year students (2685 total) got a federal grant, for about $4,759.00 per person.
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 | 12.11% | $25,444.00 |
| Income 30k-48k | 8.29% | $22,266.00 |
| Income 48k-75k | 7.60% | $18,797.00 |
| Income 75k-110k | 3.73% | $7,902.00 |
| Income 110k + | 4.84% | $3,017.00 |
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.
4520 UIUC undergrads obtain grant aid (this is about 70% of the entire undergraduate student population). The average amount these students receive is $16,785.00.
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.