Dad and mom of college-bound kids who’re contemplating high-cost personal non-profit schools typically marvel how one can qualify for institutional advantage grants. These grants might or might not likely be based mostly on advantage, however slightly operate as a reduction on the price of attendance.
College students who wish to enhance their possibilities of receiving an institutional advantage grant at a personal non-profit 4-year school ought to apply to reasonably selective schools (particularly higher-cost schools), have stellar grades and check scores, choose rich mother and father, don’t take a spot yr and enroll in school full-time.
We glance all of the statistics of which college students are getting institutional advantage grants.
Common Institutional Grants
Based mostly on information from the 2015-16 Nationwide Postsecondary Pupil Support Examine (NPSAS), 80% of scholars at personal non-profit 4-year schools obtain grants, a mean of $15,820 per recipient. However, this contains grants from sources aside from the school itself, reminiscent of Federal Pell Grants.
Greater than half of the scholars (57%) obtain institutional grants, a mean of $16,027. This contains institutional merit-only grants (36%, $12,060), institutional need-based grants (31%, $12,354) and institutional non-need grants (13.3%, $6,289). Combining the institutional merit-only and non-need grant classes, 44% obtain institutional non-need and merit-only grants, a mean of $12,008.
The institutional non-need grants embody institutional grants that aren’t based mostly on want or advantage, reminiscent of tuition and price waivers for college and employees.
The institutional merit-only grants theoretically are based mostly on some kind of advantage, reminiscent of educational or athletic expertise, however may embody different standards, reminiscent of the scholar’s standing as a full-pay pupil.
So, greater than a 3rd (36%) of scholars at personal non-profit 4-year schools get institutional merit-only grants, a mean of $12,060 per recipient. The median is $11,000. 1 / 4 of the scholars who obtain institutional advantage grants get $16,000 or extra and 10% cent $21,600 or extra.
Which Faculties Award Institutional Benefit Grants
Probably the most selective schools, reminiscent of Harvard, Princeton and MIT, don’t award institutional advantage grants. All of their monetary help is awarded based mostly on monetary want, not advantage.
The following tier down, nonetheless, award some institutional advantage grants. They use the grants as a recruiting device to draw rich college students and gifted college students.
Of the scholars receiving institutional advantage grants at personal non-profit 4-year schools, 22% are enrolled at very selective schools, 69% at reasonably selective schools, 6% at minimally selective schools and three% at open admission schools.
The percentages of receiving an institutional advantage grant at a personal non-profit 4-year school are 30% at very selective schools, 52% at reasonably selective schools, 19% at minimally selective schools and 9% at open admission schools. These figures are total averages. The percentages of receiving advantage grants varies by school inside every class.
The common advantage grant additionally varies by kind of school, from $13,853 at very selective schools to $7,730 at open admission schools, most likely correlating with the price of attendance.
Personal non-profit 4-year schools that provide on-line lessons are much less prone to provide institutional advantage grants (45% vs. 21%). That is very true of schools that present their complete program on-line (44% vs. 4%).
Grants Based mostly On Tutorial Benefit
This desk reveals that greater than half of scholars with a 3.5 to 4.0 highschool grade level common (GPA) obtain institutional advantage grants. However, it additionally reveals that even college students with a lower than 2.0 GPA can obtain institutional advantage grants.
Of scholars who obtain institutional grants, greater than half (58%) have a 3.5 to 4.0 GPA, 1 / 4 (27%) have a 3.0 to three.4 GPA, 9% have a 2.5 to 2.9 GPA, 5% have a 2.0 to 2.4 GPA, and 1% have lower than a 2.0 GPA.
This desk reveals comparable statistics, however restricted to reasonably selective personal non-profit 4-year schools. The odds receiving institutional advantage grants are larger, though the typical advantage grant is analogous.
This desk reveals that SAT check scores don’t correlate properly with the probability of receiving institutional advantage grants at personal non-profit 4-year schools. The common grant does enhance with larger check scores, maybe as a result of the scholars enroll at dearer schools.
Of the scholars receiving institutional advantage grants, a 3rd (33%) have below-average SAT check scores, 40% have SAT check scores of 1000 to 1199, 22% have SAT check scores of 1200 to 1399 and 5% have SAT check scores of 1400 to 1600.
The decrease share of scholars with a 1400 to 1600 SAT check rating who obtain institutional advantage grants could also be because of these college students being extra prone to enroll at extra selective schools.
This desk limits the information to reasonably selective schools, demonstrating that college students with higher check scores usually tend to obtain institutional advantage grants.
Thus, college students with higher SAT check scores usually tend to obtain institutional advantage grants, until they enroll at very selective schools.
These tables present that college students who take AP lessons or college-level lessons whereas in highschool are barely extra prone to obtain institutional advantage grants.
This desk reveals that college students who take extra superior math lessons in highschool usually tend to obtain institutional advantage grants. Additionally they obtain bigger grants.
This desk reveals that college students whose mother and father have a extra superior training usually tend to obtain institutional advantage grants and bigger grants.
Grants Based mostly On Revenue
College students from wealthier households usually tend to obtain institutional advantage grants at personal non-profit 4-year schools, as proven on this desk.
Of the recipients of institutional advantage grants, a 3rd (32%) are low-income, 1 / 4 (27%) are middle-income and 41% are high-income.
Grants Based mostly On Price Of Attendance
This desk reveals how the proportion receiving institutional advantage grants and the typical grant enhance as the price of attendance will increase. Wealthier schools have extra money obtainable to offer institutional grants. Nonetheless, a mum or dad nonetheless pays extra at a high-cost school that provides out an institutional advantage grant of $10,000 or greater than at a lower-cost in-state public school.
The proportion receiving institutional advantage grants does lower at the costliest schools, which can embody a few of the most selective schools that don’t award institutional advantage grants, dragging down the proportion.
This desk reveals the identical information restricted to reasonably selective schools. The proportion receiving institutional advantage grants nonetheless decreases at the costliest schools, however not as a lot.
Grants Based mostly On Gender And Race
Women and men are equally prone to obtain institutional merit-only grants, and the typical award quantity is about the identical.
This desk reveals that White college students usually tend to obtain institutional merit-only grants than minority college students. Additionally they obtain bigger grants.
Grants Based mostly On Enrollment Standing
This desk reveals that college students who enroll full-time are more likely to obtain institutional advantage grants than college students who enroll part-time.
College students who take a spot yr are a lot much less prone to obtain institutional advantage grants, and the grants are decrease.
Grants Based mostly On Dependency Standing
This desk reveals that dependent college students usually tend to obtain institutional merit-only grants than impartial college students. Additionally they obtain bigger grants.
At reasonably selective schools, 66.8% of dependent college students and 18.9% of impartial college students obtain institutional merit-only grants.
This desk reveals the same outcome when the information relies on the age of the scholar. College students age 24 and older are robotically impartial.
This desk reveals that veterans are much less prone to obtain institutional advantage grants. Veterans are robotically impartial. They’re additionally much less prone to enroll in Bachelor’s diploma applications.
Associated: Information To VA And Army Schooling Advantages
The following two tables present that college students who’re married are much less prone to obtain institutional advantage grants. Married college students and college students with dependents are robotically impartial.
This desk reveals that homeless college students are much less prone to obtain institutional advantage grants. Homeless college students are robotically impartial.
Grants Based mostly On Monetary Want
This desk reveals that college students who file the FAFSA usually tend to obtain institutional advantage grants.
This desk reveals that college students whose monetary help exceeds their monetary want usually tend to have obtained institutional advantage grants.
