What does the average freshman financial aid package consist of?
In 2008–09, the average freshman award included $24,500 of grant/scholarship funding from institutional, federal, state, and private sources. Awards for U.S. freshmen with financial need also include $3,500 to $5,500 in student loans, and a Federal Work-Study allocation of approximately $1,900. [Back to Top.
In 2009–10, the average freshman award included $25,475 of grant/scholarship funding from institutional sources, or an average of $27,603 from institutional, federal, state, and private sources. Awards for U.S. freshmen with financial need also include $3,500 to $5,500 in subsidized and unsubsidized student loans, and a Federal Work-Study allocation of approximately $2,000.
