For the academic year 2022-2023, total 316 full-time, first-time students (100% of all freshmen) awarded any student financial aid. The headcount includes the number of full-time, first-time degree seeking beginning undergraduate students.
For all undergraduate students, total 1,128 students (93% of all students) received grants or scholarships and the average grant amount is $21,773. In addition, 986 students received student loans and the average loan amount is $6,817.
Below tables show the number and amount by source of financial aid at Nichols College.
For all undergraduate students, total 1,128 students (93% of all students) received grants or scholarships and the average grant amount is $21,773. In addition, 986 students received student loans and the average loan amount is $6,817.
Below tables show the number and amount by source of financial aid at Nichols College.
| Type of Aid | Number Receiving Aid | Percent Receiving Aid | Average Amount of Aid Received |
|---|---|---|---|
| Federal, state, local, institutional or other grant aid | 1,128 | 93% | $21,773 |
| Pell Grants | 367 | 30% | $4,770 |
| Federal Student Loans | 986 | 82% | $6,817 |
| Type of Aid | Number Receiving Aid | Percent Receiving Aid | Average Amount of Aid Received |
|---|---|---|---|
| Any Student Financial Aid | 316 | 100% | - |
| Grants or Scholarship from All Sources | 316 | 100% | $26,515 |
| Federal Grants | 99 | 31% | $4,572 |
| Pell Grants | 99 | 31% | $4,225 |
| Other Federal Grants | 88 | 28% | $391 |
| State/Local Grants | 126 | 40% | $1,998 |
| Institutional Grants | 316 | 100% | $24,286 |
| Student Loans | 289 | 91% | $7,875 |
| Federal Student Loans | 289 | 91% | $4,895 |
| Other Student Loans | 58 | 18% | $14,849 |
What is the Financial aid?
Federal Work Study, grants, loans to students (government and/or private), assistantships, scholarships, fellowships, tuition waivers, tuition discounts, employer aid (tuition reimbursement) and other monies (other than from relatives/friends) provided to students to meet expenses. This excludes loans to parents.
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