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Where the money is: Schools that award the most (and least) need-based aid
r( S. O5 A( o" N$ _* _1 _% ILiberal Arts CollegesThe schools at the top of this list handed out the largestneed-based financial aid packages, on average, during the 2005-2006school year. The typical aid package has three components: need basedgrants, need-based loans, and work study. In order to qualify, studentsmust file an annual aid application that demonstrates financial need.The table also lists the percentage of undergraduates receiving theaverage need-based aid package, the average need-based grant and loanawarded to undergraduates, and the average percentage of a student'sdemonstrated need that was met by the school during the 2005-2006academic year. In addition, some colleges give out merit awards, whichare based on academic ability or other talents and not on financialneed. The table lists the percentage of undergraduates receiving suchawards and the average amount of the award during 2005-2006.9 E& ]7 ~5 |* Q) @: t0 v! G& r
' H0 m. ]5 ]" p2 x( i& [% q
Name
/ x# z/ J/ v2 ~. X9 Q0 m | Avg. amount
# C+ a7 N) i! Z6 iof aid
0 ~) ^- R2 @/ K' Mpackage | % students # a' i2 E8 r5 ?' o' L
receiving
; J; \* c, m9 V3 t8 K. ]; Dneed-based * p0 I7 W* z5 ^+ i: v* L
package | Avg. need-7 M" W+ S3 J! D9 {! j
based ! @$ {1 S3 X; x$ J2 J& W
grant | Avg. need-
2 \) y6 J r k5 {, mbased
: a9 J: C: M+ Y4 {loan | Avg. % of
8 O1 Z" S8 F3 nneed met | Avg. merit , |$ d8 O0 \! S+ i. m6 ?8 Y/ w3 P
award | % students ! Q- w: `" k) g( w. l
receiving * B5 I$ P) R5 W9 T
merit
, P& k% f: P7 Wawards | Amherst College (MA) | $31,048 | 48% | $28,713 | $2,935 | 100% | $0 | 0% | St. Lawrence University (NY) | $30,445 | 66% | $16,983 | $4,427 | 92% | $13,726 | 14% | Williams College (MA) | $30,309 | 44% | $27,189 | $2,976 | 100% | $0 | 0% | Pomona College (CA) | $29,784 | 53% | $25,484 | $2,920 | 100% | $0 | 0% | Smith College (MA) | $29,776 | 60% | $23,426 | $3,772 | 100% | $5,709 | 6% | Mills College (CA) | $29,584 | 76% | $18,880 | $4,952 | 91% | $15,491 | 10% | Wesleyan University (CT) | $29,341 | 48% | $24,335 | $4,429 | 100% | $0 | 0% | Bowdoin College (ME) | $29,090 | 45% | $24,785 | $3,285 | 100% | $1,000 | 3% | Occidental College (CA) | $29,089 | 55% | $22,840 | $5,607 | 100% | $16,180 | 27% | Pitzer College (CA) | $29,002 | 40% | $23,424 | $4,171 | 100% | $8,125 | 4% | Swarthmore College (PA) | $28,914 | 48% | $24,980 | $3,179 | 100% | $31,196 | 1% | Barnard College (NY) | $28,790 | 42% | $24,611 | $3,693 | 100% | $0 | 0% | Sarah Lawrence College (NY) | $28,671 | 50% | $21,981 | $3,045 | 90% | $5,139 | 6% | Skidmore College (NY) | $28,452 | 41% | $22,928 | $3,818 | 94% | $10,000 | 0% | Middlebury College (VT) | $28,295 | 44% | $24,854 | $3,963 | 100% | $0 | 0% | Vassar College (NY) | $27,982 | 54% | $22,754 | $3,378 | 100% | $0 | 0% | Trinity College (CT) | $27,920 | 40% | N/A | N/A | 100% | $16,807 | 0% | Wellesley College (MA) | $27,907 | 60% | $25,283 | $3,197 | 100% | N/A | 0% | Colgate University (NY) | $27,795 | 44% | $25,396 | $4,350 | 100% | $0 | 0% | Scripps College (CA) | $27,665 | 43% | $23,122 | $3,872 | 100% | $15,715 | 11% | Bryn Mawr College (PA) | $27,582 | 54% | $22,888 | $4,479 | 98% | $11,082 | 2% | Colorado College | $27,522 | 45% | $23,717 | $4,835 | 91% | $15,144 | 11% | Dickinson College (PA) | $27,496 | 49% | $20,818 | $5,224 | 96% | $12,318 | 12% | Bates College (ME) | $27,428 | 40% | $24,000 | $3,877 | 100% | N/A | N/A |
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