Financial Aid Statistics Comparison
For all undergraduate students, the average percent receiving aid is 58.30 % and the average aid amount is $38,607. 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 Production / Operations schools for academic year 2022-2023.
| Rank | Name | Number Receiving Aid | Percent Receiving Aid | Average Amount |
|---|---|---|---|---|
| 1 | Massachusetts Institute of Technology | 3,557 | 77% | $44,422 |
| 2 | Carnegie Mellon University | 3,306 | 48% | $40,660 |
| 3 | University of Pennsylvania | 5,720 | 51% | $47,776 |
| 4 | University of Michigan-Ann Arbor | 22,636 | 70% | $16,599 |
| 5 | Stanford University | 4,827 | 63% | $56,737 |
| 6 | Northwestern University | 4,780 | 54% | $53,533 |
| 7 | Purdue University-Main Campus | 17,194 | 45% | $9,819 |
| 8 | Columbia University in the City of New York | 5,002 | 57% | $49,638 |
| 8 | Harvard University | 4,422 | 46% | $55,433 |
| 10 | Indiana University-Bloomington | 24,658 | 72% | $11,451 |
| Average | 9,610 | 58.30% | $38,607 | |
Beginning Students Financial Aid
For first-time, full-time beginning students, the average percent of receiving grant and/or scholarship is 5.64 % and the average grant amount is $4,263. 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 1.93 % and the average loan amount is $1,060. The following table compares the financial aid statistics for first-time, full-time undergraduate students (freshmen) between best Production / Operations schools for academic year 2022-2023.
| Rank | Name | Grants/Scholarships | Student Loans | ||
|---|---|---|---|---|---|
| Number Receiving Aid (Percentage) | Average Amount | Number Receiving Aid (Percentage) | Average Amount | ||
| 1 | Massachusetts Institute of Technology | 832 (71%) | $45,591 | 80 (7%) | $13,792 |
| 2 | Carnegie Mellon University | 896 (47%) | $43,966 | 804 (42%) | $6,525 |
| 3 | University of Pennsylvania | 1,084 (46%) | $57,175 | 245 (10%) | $12,499 |
| 4 | University of Michigan-Ann Arbor | 4,824 (67%) | $15,121 | 1,793 (25%) | $8,470 |
| 5 | Stanford University | 1,120 (53%) | $60,619 | 144 (7%) | $12,999 |
| 6 | Northwestern University | 1,042 (50%) | $61,716 | 417 (20%) | $6,973 |
| 7 | Purdue University-Main Campus | 4,932 (48%) | $8,950 | 2,960 (29%) | $9,125 |
| 8 | Columbia University in the City of New York | 824 (52%) | $61,061 | 155 (10%) | $16,849 |
| 8 | Harvard University | 1,094 (56%) | $61,801 | 167 (9%) | $9,004 |
| 10 | Indiana University-Bloomington | 7,012 (74%) | $10,336 | 3,202 (34%) | $9,757 |
| Average | 2,366 (56.40%) | $42,634 | 997 (19.30%) | $10,599 | |
The ranking data is provided by CollegeEvaluator.