• Mon. Oct 25th, 2021

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Schools that Offer the Most Financial Aid

Posted by Nick Selbe

Wikimedia Commons

Now more than ever, Americans are having a tough time paying for college. Average tuition rates are higher now than they’ve ever been, while the median household income is on a downward trend.

One way students and families can help offset the cost of attending college is through financial aid. StartClass set out to find which schools offer the most grant aid for freshmen.

Using data from the National Center for Education Statistics from the 2013-2014 school year, we identified the top 30 schools based on average financial aid grant amount received by freshmen. It’s important to note that grants can take the form of federal grant aid, state or local grant aid, or institutional grant aid. Grants do not require repayment, but student loans do, so they were not taken into account.

Paying for college is challenging. At these schools, the burden of tuition is a little bit lighter than at others.

#30. Brandeis University

  • Average financial aid amount for freshmen: $33,423
  • Percent of freshmen receiving financial aid: 58%
  • Average financial aid amount for all undergrads: $28,875
  • Percent of all undergrads receiving financial aid: 60%

#29. Cornell University

  • Average financial aid amount for freshmen: $33,434
  • Percent of freshmen receiving financial aid: 55%
  • Average financial aid amount for all undergrads: $30,304
  • Percent of all undergrads receiving financial aid: 59%

#28. Princeton University

  • Average financial aid amount for freshmen: $33,894
  • Percent of freshmen receiving financial aid: 60%
  • Average financial aid amount for all undergrads: $35,654
  • Percent of all undergrads receiving financial aid: 59%

#27. Claremont McKenna College

  • Average financial aid amount for freshmen: $34,023
  • Percent of freshmen receiving financial aid: 42%
  • Average financial aid amount for all undergrads: $36,944
  • Percent of all undergrads receiving financial aid: 54%

#26. Johns Hopkins University

  • Average financial aid amount for freshmen: $34,469
  • Percent of freshmen receiving financial aid: 48%
  • Average financial aid amount for all undergrads: $28,310
  • Percent of all undergrads receiving financial aid: 53%

#25. Massachusetts Institute of Technology

  • Average financial aid amount for freshmen: $34,641
  • Percent of freshmen receiving financial aid: 58%
  • Average financial aid amount for all undergrads: $32,572
  • Percent of all undergrads receiving financial aid: 74%

#24. Barnard College

  • Average financial aid amount for freshmen: $34,719
  • Percent of freshmen receiving financial aid: 46%
  • Average financial aid amount for all undergrads: $32,032
  • Percent of all undergrads receiving financial aid: 47%

#23. Amherst College

  • Average financial aid amount for freshmen: $34,876
  • Percent of freshmen receiving financial aid: 62%
  • Average financial aid amount for all undergrads: $38,839
  • Percent of all undergrads receiving financial aid: 66%

#22. Franklin and Marshall College

  • Average financial aid amount for freshmen: $35,072
  • Percent of freshmen receiving financial aid: 49%
  • Average financial aid amount for all undergrads: $27,904
  • Percent of all undergrads receiving financial aid: 51%

#21. University of Pennsylvania

  • Average financial aid amount for freshmen: $35,539
  • Percent of freshmen receiving financial aid: 48%
  • Average financial aid amount for all undergrads: $30,217
  • Percent of all undergrads receiving financial aid: 53%

#20. Swarthmore College

  • Average financial aid amount for freshmen: $35,783
  • Percent of freshmen receiving financial aid: 58%
  • Average financial aid amount for all undergrads: $34,255
  • Percent of all undergrads receiving financial aid: 57%

#19. Wellesley College

  • Average financial aid amount for freshmen: $35,835
  • Percent of freshmen receiving financial aid: 54%
  • Average financial aid amount for all undergrads: $35,561
  • Percent of all undergrads receiving financial aid: 58%

#18. Washington and Lee University

  • Average financial aid amount for freshmen: $36,055
  • Percent of freshmen receiving financial aid: 60%
  • Average financial aid amount for all undergrads: $32,966
  • Percent of all undergrads receiving financial aid: 59%

#17. Colgate University

  • Average financial aid amount for freshmen: $36,186
  • Percent of freshmen receiving financial aid: 41%
  • Average financial aid amount for all undergrads: $34,425
  • Percent of all undergrads receiving financial aid: 44%

 

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