by our College Data Analytics TeamThe total cost of attendance at University of Louisiana at Monroe can seem overwhelming, but remember that the majority of students receive some sort of financial assistance. This could be in the form of scholarships, grants, work-study, or loans.
What amount of ULM financial assistance will actually be available to you?Get answers to your questions here.
University of Louisiana at Monroe average financial aid offer for freshmen students is $10,416.00. 98% of first-year students are awarded financial aid, primarily comprising grants and scholarships.
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.
A student loan isn’t a genuine college price reduction, but rather an additional cost consideration. Discover how much student loan debt from University of Louisiana at Monroe you could end up dealing with.
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 below apply to scholarships and grants primarily provided by University of Louisiana at Monroe.
63% of new students (709 total) were offered scholarships at University of Louisiana at Monroe, averaging $6,565.00 per person. This puts it in the top 50th percentile among colleges and universities nationwide.
As well as scholarships, 88% of first-year students (985 total) got a federal grant, for about $3,043.00 per person.
Amount of Financial Assistance Per Income Level
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 25.29% | $11,213.00 |
| Income 30k-48k | 11.31% | $11,437.00 |
| Income 48k-75k | 8.55% | $9,467.00 |
| Income 75k-110k | 5.79% | $7,823.00 |
| Income 110k + | 7.21% | $6,933.00 |
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.
1098 ULM undergrads obtain grant aid (this is about 98% of the entire undergraduate student population). The average amount these students receive is $10,416.00.
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.