Financial Aid Statistics Comparison
For all undergraduate students, the average percent receiving aid is 54.40 % and the average aid amount is $32,156. The financial aid includes Federal (Pell and other federal), state, local, institutional or other grant aid, and federal student loans. The following table compares the total number and percentage of undergraduate students who received any financial aid between best Industrial / Manufacturing / Systems Engineering schools for academic year 2023-2024.
| Rank | Name | Number Receiving Aid | Percent Receiving Aid | Average Amount |
|---|---|---|---|---|
| 1 | Georgia Institute of Technology-Main Campus | 12,926 | 70% | $11,761 |
| 2 | University of Michigan-Ann Arbor | 16,891 | 52% | $24,478 |
| 3 | Northwestern University | 4,819 | 54% | $57,927 |
| 3 | University of California-Berkeley | 18,629 | 57% | $22,996 |
| 5 | Stanford University | 4,866 | 60% | $58,688 |
| 6 | Massachusetts Institute of Technology | 2,980 | 64% | $55,629 |
| 7 | Cornell University | 7,881 | 50% | $56,472 |
| 8 | Purdue University-Main Campus | 16,777 | 43% | $10,024 |
| 8 | Virginia Polytechnic Institute and State University | 15,816 | 52% | $9,452 |
| 10 | University of Wisconsin-Madison | 15,191 | 42% | $14,133 |
| Average | 11,678 | 54.40% | $32,156 | |
Beginning Students Financial Aid
For first-time, full-time beginning students, the average percent of receiving grant and/or scholarship is 5.35 % and the average grant amount is $3,361. This includes grants or scholarship from all sources - federal (pell grants and other federal grants), state/local, and institutions. The average percent of students who receiving student loans (federal and other student loans) is 2.28 % and the average loan amount is $946. The following table compares the financial aid statistics for first-time, full-time undergraduate students (freshmen) between best Industrial / Manufacturing / Systems Engineering schools for academic year 2023-2024.
| Rank | Name | Grants/Scholarships | Student Loans | ||
|---|---|---|---|---|---|
| Number Receiving Aid (Percentage) | Average Amount | Number Receiving Aid (Percentage) | Average Amount | ||
| 1 | Georgia Institute of Technology-Main Campus | 2,566 (71%) | $13,423 | 797 (22%) | $7,726 |
| 2 | University of Michigan-Ann Arbor | 3,850 (55%) | $22,005 | 1,687 (24%) | $9,814 |
| 3 | Northwestern University | 1,055 (52%) | $64,463 | 444 (22%) | $7,403 |
| 3 | University of California-Berkeley | 3,369 (50%) | $25,951 | 1,390 (21%) | $6,529 |
| 5 | Stanford University | 952 (55%) | $64,164 | 124 (7%) | $14,075 |
| 6 | Massachusetts Institute of Technology | 654 (58%) | $58,331 | 86 (8%) | $12,071 |
| 7 | Cornell University | 1,767 (51%) | $56,741 | 1,003 (29%) | $8,574 |
| 8 | Purdue University-Main Campus | 3,627 (39%) | $11,126 | 2,662 (28%) | $9,001 |
| 8 | Virginia Polytechnic Institute and State University | 3,938 (55%) | $8,542 | 2,917 (41%) | $10,390 |
| 10 | University of Wisconsin-Madison | 4,193 (49%) | $11,350 | 2,199 (26%) | $9,061 |
| Average | 2,597 (53.50%) | $33,610 | 1,331 (22.80%) | $9,464 | |
The ranking data is provided by CollegeEvaluator.
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