Financial Aid at Elon University

Hello there! I'm a junior thinking about applying to Elon, but the cost is a significant factor for me and my family. Can anyone share their experience with Elon's financial aid process? How generous are they? Are there additional scholarships I should look into?

Financial aid can definitely play a significant role when selecting a college, so I understand your concerns. In terms of generosity, the average need-based scholarship or grant awarded at Elon University is about $18,000, which equates to around 38% of the tuition fee. It's also worth mentioning that approximately 40% of their first-year students receive some form of need-based financial aid.

When it comes to the application process, you'll need to complete the Free Application for Federal Student Aid (FAFSA) to be considered for both federal and institutional aid. To ensure you receive the most aid possible, it's best to submit the FAFSA as soon as it opens.

Apart from need-based financial aid, Elon offers various merit scholarships. For example, the Elon Engagement scholarship is awarded to incoming first-year students and offers $5,000 per year. In addition, each recipient will be given a one-time $2,000 grant to be used for an approved Elon Experience or project. Some of the merit scholarships require a separate application.

Lastly, don't forget about outside scholarships. There are many national and local scholarship programs and some are very specialized, from scholarships for students of a particular heritage to scholarships for students pursuing specific careers.

Remember, if you have any questions or concerns, the financial aid office at Elon can be a great resource. They can guide you through the application process and show you additional ways to finance your education. Good luck on your journey to find a college that's a good fit for you academically, socially, and financially.