by our College Data Analytics TeamMany students attending William Paterson University of New Jersey 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.
What financial aid options does William Paterson University offer, and what will you qualify for? Keep scrolling for answers.
William Paterson University of New Jersey average financial aid offer for freshmen students is $8,208.00. 90% of reshman students get financial aid, most of which is 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.
We feel that loan debt ought to be regarded as a consequence instead of true financial aid. Learn more on student loan debt at William Paterson University of New Jersey.
Institutional scholarships and grants refer to financial aid provided directly by a college or university to support students in covering their educational expenses. These awards can be either merit-based or need-based and do not require repayment. Merit-based institutional scholarships reward students who have demonstrated exceptional academic achievements, talents, or skills in specific areas. Such scholarships often take into account a student’s high school performance, standardized test scores, or extracurricular activities. On the other hand, need-based institutional grants are allocated to students who exhibit financial need. The amount awarded is usually determined by the student’s family’s financial circumstances and aims to cover the difference between the cost of attendance and the family’s capacity to pay. To assess eligibility for need-based grants, colleges and universities may use information from the Free Application for Federal Student Aid (FAFSA) or other financial aid forms. Institutional scholarships and grants play a crucial role in assisting students, as they can considerably lower the cost of college and make higher education more attainable.
The following numbers pertain to assistance that is supplied by William Paterson University of New Jersey.
40% of new students (619 total) were given scholarships at William Paterson University of New Jersey, averaging $4,221.00 per student. This puts it in the top 50th percentile among colleges and universities nationwide.
In addition to scholarships, 60% of freshman students (921 total) obtained federal grant aid, averaging $5,281.00 a piece.
Amount of Financial Assistance Per Income Level
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 33.49% | $8,589.00 |
| Income 30k-48k | 15.89% | $8,773.00 |
| Income 48k-75k | 9.74% | $5,578.00 |
| Income 75k-110k | 3.47% | $2,818.00 |
| Income 110k + | 3.86% | $2,825.00 |
The table above displays undergrads who are obtaining Title IV aid, federal aid from the government including loans, grants or work-study. Learn more here.
1159 William Paterson University undergrads obtain grant aid (this is about 90% of the entire undergraduate student population). The average amount these students receive is $8,208.00.
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.