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SVC Ranks Among Best Colleges for Financial Aid

SVC Ranks Among Best Colleges for Financial Aid

by Public Relations | January 22, 2020

LATROBE, PA – In a study released by LendEDU, Saint Vincent College has been ranked among the top institutions in the nation for financial aid distribution.

The study analyzed data from Peterson’s Undergraduate Financial Aid Database and the National Center for Education Statistics’ Integrated Postsecondary Education Data System (IPEDS) and ranked Saint Vincent College eighth among 77 institutions in Pennsylvania and among the top 20 percent of 829 institutions ranked nationally.

“We appreciate this ranking as it recognizes our commitment to making higher education affordable for our students,” said Saint Vincent College president Father Paul R. Taylor, O.S.B. “We make it our goal that any student who desires to attend Saint Vincent College is able to do so and providing financial aid, based on both need and academic achievement, is a vital step in achieving that goal. The hard work of our admission and financial aid staff, as well as the generosity of our alumni and friends of the college, enables us to meet this goal for our students.”

Institutions were ranked on three metrics: non-need-based financial aid, need-based financial aid and international student financial aid.

The need-based financial aid was evaluated on the combination of the likelihood of students with financial need receiving aid and the percent of total need met for students with financial need who were awarded aid. In this category, Saint Vincent College received a score of 83.20.

Similarly, the non-need-based financial aid score was calculated by dividing the total amount of non-need-based scholarships and grants awarded to undergraduates by the undergraduate enrollment, then dividing the result by the overall cost of attendance. Saint Vincent received a score of 67.95, sixth best among Pennsylvania schools.

The international financial aid score was calculated by dividing the average amount of financial aid awarded to undergraduate international students by the overall cost of attendance. Saint Vincent scored 61.29.

Saint Vincent College provides numerous financial aid opportunities to its students, as 100 percent of the College’s freshman class is awarded aid. Among the array of scholarships and grants available, Saint Vincent College offers renewable scholarships up to $27,000 annually, while upward of $2 million annually is awarded from more than 250 endowed funds.   

For more information on the financial aid opportunities at Saint Vincent College, visit www.stvincent.edu/admission-aid/index.

Launched in 2014, LendEDU is a website that helps consumers learn about and compare financial products including student loans, personal loans, credit cards, insurance products, banking products and more with the goal of helping consumers make confident decisions. 

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