by our College Data Analytics TeamThe total cost of attendance at University of Mount Union 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.
Curious about the financial aid opportunities at Mount Union and what you may be eligible for? Explore the answers here.
University of Mount Union average financial aid offer for freshmen students is $20,324.00. About 100% 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.
Uneasy about the debt that may be included in your financial aid plan? Find the average amount of debt per student at University of Mount Union.
Institutional scholarships and grants are financial aid awards given by colleges and universities to help students manage tuition costs and other education-related expenses. These awards, which do not need to be repaid, can be classified as merit-based or need-based. Students who excel academically, possess unique talents, or have specific skills can be eligible for merit-based institutional scholarships. Factors such as high school performance, standardized test scores, or participation in extracurricular activities often contribute to eligibility for these scholarships. Need-based institutional grants, on the other hand, are awarded to students who demonstrate financial need. The amount given is generally based on the student’s family’s financial situation, aiming to cover the gap between the cost of attendance and the family’s capacity to pay. To assess a student’s eligibility for need-based grants, colleges and universities may rely on information from the Free Application for Federal Student Aid (FAFSA) or other financial aid forms. Institutional scholarships and grants are essential for students, as they can substantially lower college expenses and make higher education more affordable.
The following numbers pertain to assistance that is supplied by University of Mount Union.
100% of first-year students (553 total) were offered scholarships at University of Mount Union, averaging $17,838.00 per person. This puts it the top 25th percentile among colleges and universities nationwide.
In addition to scholarships, 43% of first-year students (238 total) got federal grant aid, averaging $4,209.00 per person.
Amount of Financial Assistance Per Income Level
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 14.59% | $25,497.00 |
| Income 30k-48k | 8.65% | $24,484.00 |
| Income 48k-75k | 12.97% | $22,406.00 |
| Income 75k-110k | 16.04% | $19,716.00 |
| Income 110k + | 41.26% | $17,991.00 |
The table above displays students who are getting Title IV aid, federal aid from the government including loans, grants or work-study. Get more info on Title IV here.
Of the 555 undergraduate students at University of Mount Union around 100% (553 total) receive some form of grant aid. The typical amount awarded was $20,324.00.
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.
