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.
Discover the financial aid possibilities at UMHB and learn what assistance you might qualify for by continuing to read.
University of Mary Hardin - Baylor average financial aid offer for freshmen students is $15,183.00. Approximately 97% of incoming freshmen obtain financial assistance, with the majority being offered as grants and scholarships.
Financial aid helps reduce the cost, or the full retail price of the college. However, be aware that the only true college discount is scholarships & grants.
Student debt really should be considered to be an added expense and not as “aid” or a “discount”. Find more about student loan debt at University of Mary Hardin - Baylor.
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 following numbers pertain to assistance that is supplied by University of Mary Hardin - Baylor.
97% of new students (837 total) were given scholarships at University of Mary Hardin - Baylor, averaging $10,807.00 per student. This puts it the top 25th percentile among colleges and universities nationwide.
In addition to scholarships, 56% of freshman students (487 total) obtained federal grant aid, averaging $4,608.00 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 | 22.75% | $18,263.00 |
| Income 30k-48k | 11.09% | $18,415.00 |
| Income 48k-75k | 13.86% | $17,127.00 |
| Income 75k-110k | 14.32% | $15,936.00 |
| Income 110k + | 17.55% | $10,526.00 |
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.
97% of the 866 undergraduates at University of Mary Hardin - Baylor receive some sort of grant aid. This is a total of about 841 students getting an average of $15,183.00 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.