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.
Curious about the financial aid opportunities at Montevallo and what you may be eligible for? Explore the answers here.
University of Montevallo average financial aid offer for freshmen students is $7,372.00. Approximately 98% of incoming freshmen obtain financial assistance, with the majority being offered as 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 Montevallo you could end up dealing with.
Financial awards given by a college or university to its students, known as institutional scholarships and grants, help to offset the cost of tuition and other education-related expenses. These awards fall into two categories: merit-based and need-based, and they do not need to be paid back. Merit-based institutional scholarships are granted to students who have shown outstanding academic accomplishments, special talents, or abilities in a particular field. Factors such as high school performance, standardized test results, or involvement in extracurricular activities often contribute to these scholarship decisions. Conversely, need-based institutional grants cater to students who demonstrate financial need. The awarded amount is typically based on the student’s family’s financial standing and is intended to cover the difference between the cost of attendance and the family’s ability to contribute. Colleges and universities might use data from the Free Application for Federal Student Aid (FAFSA) or other financial aid forms to determine a student’s eligibility for need-based grants. Institutional scholarships and grants are a vital source of financial support for students, as they can significantly reduce the cost of attending college and help make higher education more accessible.
The following numbers apply to scholarships and grants largely offered by the school itself.
82% of incoming freshmen (395 total) were awarded scholarships at University of Montevallo, averaging $10,335.00 a piece. This puts it the top 25th percentile among colleges and universities nationwide.
As well as scholarships, 79% of freshmen (381 total) received a federal grant, for about $3,249.00 a person.
Amount of Financial Assistance Per Income Level
The table following demonstrates grant and scholarship distributions by income level for freshmen getting any sort of federally-funded Title IV aid, which includes Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 19.92% | $10,006.00 |
| Income 30k-48k | 8.71% | $8,593.00 |
| Income 48k-75k | 8.09% | $6,575.00 |
| Income 75k-110k | 6.43% | $4,721.00 |
| Income 110k + | 11.20% | $4,810.00 |
The table above shows students who are receiving Title IV aid, which is federal assistance from the government in the form of grants, loans, and work-study. Learn more.
Of the 482 undergraduate students at University of Montevallo around 98% (466 total) receive some form of grant aid. The typical amount awarded was $7,372.00.
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.