by our College Data Analytics TeamMost college students will not be charged the full price tag of a school. Instead, they will be offered a financial aid package that includes a combination of loans, grants, scholarships and possibly work-study opportunities.
Curious about the financial aid opportunities at University of Sioux Falls and what you may be eligible for? Explore the answers here.
$8,617.00 is the typical University of Sioux Falls’s first year financial aid package. Financial aid is provided to about 100% of first-year students, with the bulk of support coming in the form of loans.
Financial aid contains loans, grants, and scholarships. But college loans need to be repaid, thus they are not a real college discount.
Uneasy about the debt that may be included in your financial aid plan? Find the average amount of debt per student at University of Sioux Falls.
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.
99% of incoming freshmen (290 total) were awarded scholarships at University of Sioux Falls, averaging $7,032.00 a piece. This puts it in the top 50th percentile among colleges and universities nationwide.
In addition to scholarships, 37% of first years (107 total) were awarded federal grant aid, averaging $3,934.00 each.
The next table shows grant and scholarship distributions by income for first-year students getting any form of federally-funded Title IV aid, including Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 9.25% | $13,030.00 |
| Income 30k-48k | 7.19% | $12,191.00 |
| Income 48k-75k | 13.36% | $9,480.00 |
| Income 75k-110k | 24.32% | $8,746.00 |
| Income 110k + | 28.08% | $6,291.00 |
The table above displays undergrads who are getting Title IV aid, federal aid from the government including loans, grants or work-study. Learn more here.
100% of the 292 undergraduates at University of Sioux Falls receive some sort of grant aid. This is a total of about 290 students getting an average of $8,617.00 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.