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.
What financial aid options does Vaughn College of Aeronautics and Technology offer, and what will you qualify for? Keep scrolling for answers.
$7,189.00 is the typical Vaughn College of Aeronautics and Technology’s first year financial aid package. 89% of first-year students are awarded financial aid, primarily comprising grants and scholarships.
Loans are included in the umbrella of ‘financial aid’, even so, the only true discount from the cost of college is a grant or scholarship that you don’t have to pay back.
We feel that loan debt ought to be regarded as a consequence instead of true financial aid. Learn more on student loan debt at Vaughn College of Aeronautics and Technology.
Colleges and universities offer institutional scholarships and grants as financial assistance to help students cover tuition fees and other educational costs. These awards, which do not require repayment, can be merit-based or need-based. Merit-based institutional scholarships recognize students who have exceptional academic records, special talents, or skills in particular areas. Eligibility for these scholarships often depends on factors such as a student’s high school performance, standardized test scores, or involvement in extracurricular activities. In contrast, need-based institutional grants are designed for students who show financial need. The amount awarded usually depends on the student’s family’s financial condition and aims.
The stats below refer to aid that is provided by Vaughn College of Aeronautics and Technology.
79% of incoming freshmen (259 total) were awarded scholarships at Vaughn College of Aeronautics and Technology, averaging $3,814.00 a piece. This puts it in the top 50th percentile among colleges and universities nationwide.
In addition to scholarships, 62% of freshman students (203 total) obtained federal grant aid, averaging $2,834.00 a piece.
The next table demonstrates grant and scholarship distributions by income level for freshmen getting any form of federally-funded Title IV aid, which includes Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 37.61% | $7,950.00 |
| Income 30k-48k | 13.46% | $7,715.00 |
| Income 48k-75k | 11.93% | $5,696.00 |
| Income 75k-110k | 4.28% | $3,720.00 |
| Income 110k + | 6.42% | $5,155.00 |
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 327 undergraduate students at Vaughn College of Aeronautics and Technology around 89% (275 total) receive some form of grant aid. The typical amount awarded was $7,189.00.
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.