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Financial Aid Comparison Between Best Undergraduate Engineering Schools

All UndergraduateBeginning Students

Financial Aid Statistics Comparison

For all undergraduate students, the average percent receiving aid is 58.20 % and the average aid amount is $31,632. 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 Undergraduate Engineering schools for academic year 2023-2024.
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All Undergraduate Financial Aid Statistics Between Best Undergraduate Engineering Schools
RankNameNumber Receiving AidPercent Receiving AidAverage Amount
1 Massachusetts Institute of Technology
2,98064%$55,629
2 Stanford University
4,86660%$58,688
3 Georgia Institute of Technology-Main Campus
12,92670%$11,761
4 University of California-Berkeley
18,62957%$22,996
5 California Institute of Technology
59761%$52,266
5 University of Illinois Urbana-Champaign
19,40555%$16,592
7 University of Michigan-Ann Arbor
16,89152%$24,478
7 Carnegie Mellon University
3,37948%$43,489
7 Purdue University-Main Campus
16,77743%$10,024
10 Cornell University
7,88150%$56,472
10 The University of Texas at Austin
20,93551%$12,383
12 Princeton University
3,36560%$62,593
13 Johns Hopkins University
3,66761%$54,088
14 Northwestern University
4,81954%$57,927
15 Texas A & M University-College Station
32,74157%$11,036
16 Virginia Polytechnic Institute and State University
15,81652%$9,452
17 University of California-Los Angeles
17,82055%$21,007
18 University of Wisconsin-Madison
15,19142%$14,133
19 Columbia University in the City of New York
4,98355%$52,519
20 Duke University
3,44752%$53,004
21 Pennsylvania State University-Main Campus
20,39649%$13,716
22 University of California-San Diego
18,87957%$21,788
23 University of Maryland-College Park
15,04050%$12,278
24 University of Pennsylvania
5,73151%$49,451
25 Ohio State University-Main Campus
28,67762%$11,931
26 Rice University
2,84563%$50,264
27 University of Minnesota-Twin Cities
19,90951%$11,363
28 University of Southern California
14,18769%$44,920
29 University of Washington-Seattle Campus
14,14839%$15,799
30 Harvard University
4,56249%$55,827
31 North Carolina State University at Raleigh
13,48351%$11,521
32 University of California-Davis
18,62159%$19,877
33 University of Colorado Boulder
15,30949%$11,665
34 Arizona State University Campus Immersion
50,58877%$12,396
35 Rensselaer Polytechnic Institute
5,22589%$39,546
36 University of Florida
28,73883%$9,719
37 Brown University
3,63848%$56,234
38 Case Western Reserve University
5,00483%$36,077
39 Colorado School of Mines
4,81384%$10,790
40 Northeastern University
10,52765%$34,044
41 University of California-Irvine
18,36764%$20,868
42 University of California-Santa Barbara
13,28557%$19,022
43 University of Virginia-Main Campus
7,27842%$26,492
44 Vanderbilt University
4,71666%$53,335
45 Yale University
3,67955%$60,846
46 Boston University
8,92048%$50,703
47 Michigan State University
28,59873%$9,950
48 University of Notre Dame
5,44561%$47,922
49 Washington University in St Louis
3,57044%$53,057
50 Iowa State University
18,50773%$9,680
Average12,79658.20%$31,632
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Beginning Students Financial Aid

For first-time, full-time beginning students, the average percent of receiving grant and/or scholarship is 1.17 % and the average grant amount is $680. 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 0.50 % and the average loan amount is $181. The following table compares the financial aid statistics for first-time, full-time undergraduate students (freshmen) between best Undergraduate Engineering schools for academic year 2023-2024.

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Beginning Student Financial Aid Comparison Between Best Undergraduate Engineering Schools
RankNameGrants/ScholarshipsStudent Loans
Number Receiving Aid (Percentage)Average AmountNumber Receiving Aid (Percentage)Average Amount
1 Massachusetts Institute of Technology
654
(58%)		$58,33186
(8%)		$12,071
2 Stanford University
952
(55%)		$64,164124
(7%)		$14,075
3 Georgia Institute of Technology-Main Campus
2,566
(71%)		$13,423797
(22%)		$7,726
4 University of California-Berkeley
3,369
(50%)		$25,9511,390
(21%)		$6,529
5 California Institute of Technology
124
(55%)		$60,20137
(17%)		$10,614
5 University of Illinois Urbana-Champaign
3,842
(48%)		$17,5242,423
(30%)		$7,193
7 University of Michigan-Ann Arbor
3,850
(55%)		$22,0051,687
(24%)		$9,814
7 Carnegie Mellon University
837
(49%)		$47,550619
(36%)		$6,883
7 Purdue University-Main Campus
3,627
(39%)		$11,1262,662
(28%)		$9,001
10 Cornell University
1,767
(51%)		$56,7411,003
(29%)		$8,574
10 The University of Texas at Austin
4,198
(47%)		$12,0602,662
(30%)		$6,066
12 Princeton University
904
(60%)		$60,629116
(8%)		$7,667
13 Johns Hopkins University
840
(60%)		$58,456170
(12%)		$10,600
14 Northwestern University
1,055
(52%)		$64,463444
(22%)		$7,403
15 Texas A & M University-College Station
6,970
(61%)		$11,6073,395
(30%)		$8,772
16 Virginia Polytechnic Institute and State University
3,938
(55%)		$8,5422,917
(41%)		$10,390
17 University of California-Los Angeles
3,144
(49%)		$22,4411,383
(21%)		$6,406
18 University of Wisconsin-Madison
4,193
(49%)		$11,3502,199
(26%)		$9,061
19 Columbia University in the City of New York
777
(52%)		$65,173109
(7%)		$14,737
20 Duke University
724
(41%)		$59,327282
(16%)		$11,551
21 Pennsylvania State University-Main Campus
3,331
(36%)		$11,5774,173
(45%)		$13,736
22 University of California-San Diego
4,147
(64%)		$24,1761,888
(29%)		$5,294
23 University of Maryland-College Park
3,017
(52%)		$12,1421,362
(23%)		$9,453
24 University of Pennsylvania
1,160
(48%)		$59,721289
(12%)		$13,512
25 Ohio State University-Main Campus
5,109
(64%)		$11,7912,614
(33%)		$8,718
26 Rice University
687
(57%)		$53,52685
(7%)		$10,083
27 University of Minnesota-Twin Cities
4,183
(62%)		$11,8072,791
(42%)		$10,378
28 University of Southern California
2,319
(68%)		$43,208866
(25%)		$9,085
29 University of Washington-Seattle Campus
3,125
(43%)		$14,3901,389
(19%)		$6,813
30 Harvard University
932
(57%)		$64,942145
(9%)		$8,729
31 North Carolina State University at Raleigh
2,778
(50%)		$11,8112,300
(41%)		$7,609
32 University of California-Davis
3,219
(51%)		$21,2581,450
(23%)		$6,182
33 University of Colorado Boulder
3,772
(54%)		$10,8382,135
(30%)		$10,773
34 Arizona State University Campus Immersion
13,371
(89%)		$11,9924,480
(30%)		$8,308
35 Rensselaer Polytechnic Institute
1,921
(96%)		$43,9941,160
(58%)		$8,839
36 University of Florida
5,789
(88%)		$10,724665
(10%)		$6,562
37 Brown University
879
(51%)		$58,378170
(10%)		$11,780
38 Case Western Reserve University
1,340
(86%)		$40,1971,028
(66%)		$6,182
39 Colorado School of Mines
1,414
(94%)		$11,204573
(38%)		$9,759
40 Northeastern University
1,831
(73%)		$46,558991
(39%)		$9,028
41 University of California-Irvine
3,685
(65%)		$21,5331,413
(25%)		$6,223
42 University of California-Santa Barbara
2,480
(50%)		$21,7321,188
(24%)		$7,480
43 University of Virginia-Main Campus
1,122
(28%)		$29,675737
(18%)		$10,002
44 Vanderbilt University
1,064
(66%)		$57,723160
(10%)		$11,345
45 Yale University
837
(54%)		$59,07693
(6%)		$5,256
46 Boston University
1,804
(50%)		$55,080770
(21%)		$11,732
47 Michigan State University
9,276
(96%)		$8,1473,370
(35%)		$9,086
48 University of Notre Dame
1,195
(59%)		$51,128505
(25%)		$9,073
49 Washington University in St Louis
869
(48%)		$61,036296
(16%)		$7,789
50 Iowa State University
4,366
(77%)		$10,7182,678
(47%)		$8,317
Average2,787
(58.66%)		$34,0231,325
(25.02%)		$9,045
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The ranking data is provided by CollegeEvaluator.