Private colleges provided $23,560 in scholarships on average
Many private colleges offered significant scholarships to first-year students in 2025-26, with average grants covering 57% of tuition—up from about 48% nine years ago. Despite high discount rates, colleges face financial challenges due to declining enrollment and reliance on tuition revenue, prompting calls for increased endowment funding. Some local institutions, including Hofstra University and Molloy University, provide substantial aid to make education more affordable amid rising tuition costs.
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