by our College Data Analytics TeamMany students attending University of New England can expect to receive financial assistance in various forms, such as scholarships, grants, loans, and work-study programs, making the cost of attendance more manageable.
Interested in understanding the financial aid resources available at UNE and your eligibility? Find the answers you seek below.
$20,372.00 is the typical University of New England’s first year financial aid package. 100% of first-year students are awarded financial aid, primarily comprising grants and scholarships.
A financial aid package includes loans, grants, and scholarships. However, student loans have to be paid back, so they aren’t a true discount.
Worried about the student loans that might be part of a financing offer? View the average amount of debt per student at University of New England.
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 apply to scholarships and grants largely offered by the school itself.
100% of first-year students (710 total) were offered scholarships at University of New England, averaging $18,993.00 per person. This puts it the top 25th percentile among colleges and universities nationwide.
In addition to scholarships, 25% of freshman students (180 total) obtained federal grant aid, averaging $4,797.00 a piece.
The next table displays grant and scholarship distributions by family income for freshman students getting any kind of federally-funded Title IV aid, such as Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 11.13% | $26,290.00 |
| Income 30k-48k | 8.17% | $26,903.00 |
| Income 48k-75k | 14.79% | $24,499.00 |
| Income 75k-110k | 18.03% | $21,761.00 |
| Income 110k + | 43.94% | $17,016.00 |
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.
710 UNE undergrads obtain grant aid (this is about 100% of the entire undergraduate student population). The average amount these students receive is $20,372.00.
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.