With the cost of college on the rise, financial aid has never been more important. But which schools offer the most generous aid? In an attempt to answer that question, Bloomberg Businessweek looked at the financial aid packages awarded by the colleges that are home to our top 50 undergraduate business programs. We focused on the discount rate—or the amount of total costs covered by aid, specifically institutional scholarships and grants that come out of the school’s own pocket—and the number of students receiving such aid. The grants varied widely, from $3,383 at Brigham Young University to nearly 10 times that amount at the University of Richmond, while the percentage of students getting grants ranged from one in six (James Madison University) to virtually everyone (Rensselaer Polytechnic Institute). At top-ranked University of Tulsa, 93 percent of students received institutional grants that averaged $16,764 in 2010-11, covering nearly 40 percent of total expenses.
Methodology: The ranking is based on the percentage of costs covered by the average institutional scholarship or grant and the percentage of all full-time beginning undergraduate students receiving such awards in 2010-11. The factors are equally weighted. Total costs include in-state tuition and fees, books and supplies, on-campus room and board, and other expenses. Information on scholarships and grants awarded to business students is for 2011-12. It is self-reported by schools and is for informational purposes only.
Data: National Center for Education Statistics