Undergraduate Financial Aid by Type

The average amount of grants of scholarship aid is $25,284 and the average loan amount is $6,277. The average financial aid amount is 78.43% of tuition & fees (tuition & fees: $32,236).
Number Receiving AidPercent Receiving AidTotal Amount of Aid ReceivedAverage Amount of Aid Received
Grant or scholarship aid333 89%$8,419,518$25,284
Pell Grants191 51%$947,201$4,959
Federal Students Loans180 48%$1,129,870$6,277

Undergraduate Student Financial Aid Comparison Chart

First-time (full-time) Undergraduate Students Financial Aid

For the full-time, first-time undergraduate students (freshmen, in most cases), 45 students have received one or more types of financial aid at Salem College.
The average amount of federal, state, local or institutional grant aid is $30,048 and the average amount of student loans awarded to full-time first-time undergraduate students is $5,150.
The following table shows the financial data by type of aid at Salem College.

First-time Undergraduate Financial Aid by Type

Number Receiving AidPercent Receiving AidTotal Amount of Aid ReceivedAverage Amount of Aid Received
Any Financial Aid45100%--
Grant or scholarship aid45 100%$1,352,143$30,048
Federal Grants44 98%$365,337$8,303
Pell Grants28 62%$146,540$5,234
Other Federal Grants44 98%$218,797$4,973
State/Local Grants28 62%$184,775$6,599
Institutional Grants45 100%$802,031$17,823
Student Loans24 53%$123,606$5,150
Federal Student Loans24 53%$108,946$4,539
Other Student Loans2 4%$14,660$7,330