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.
Uncover the various financial aid options provided by UNL and determine which ones you may be eligible for by continuing your exploration.
$7,123.00 is the typical University of Nebraska - Lincoln’s first year financial aid package. Financial aid is provided to about 93% of first-year students, with the bulk of support coming in the form of grants and scholarships.
Financial aid helps lower the cost, or the full retail price of the institution. But bear in mind that the only true college discount is scholarships & grants.
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 Nebraska - Lincoln 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 next numbers refer to grants and scholarships mainly supplied by the college itself.
83% of new students (3959 total) were given scholarships at University of Nebraska - Lincoln, averaging $8,046.00 per student. This puts it in the top 50th percentile among colleges and universities nationwide.
In addition to scholarships, 38% of first-year students (1781 total) got federal grant aid, averaging $3,946.00 per person.
Amount of Financial Assistance Per Income Level
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 7.41% | $12,728.00 |
| Income 30k-48k | 6.00% | $10,947.00 |
| Income 48k-75k | 7.92% | $9,006.00 |
| Income 75k-110k | 6.97% | $4,847.00 |
| Income 110k + | 9.25% | $2,938.00 |
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.
4053 UNL undergrads obtain grant aid (this is about 93% of the entire undergraduate student population). The average amount these students receive is $7,123.00.
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.