In FY (Fiscal Year) 2015-16, students at the University of South Carolina Aiken received more than $21.1 million in scholarships and grants: $ 7.6 million was in the form of local scholarships, institutional grants, tuition waivers, and athletic awards, $6.3 million was through State scholarships, and $7.2 million was in the form of Federal scholarships and grants.
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The University of South Carolina Aiken is committed to providing an affordable educational path by having a low net price. Net price is calculated by the Federal Government based upon data reported by each institution through required Integrated Postsecondary Education Data System (IPEDS) surveys. Average net price is generated by subtracting the average amount of federal, state/local government, or institutional grant or scholarship aid from the total cost of attendance for the academic year. Total cost of attendance is the sum of tuition and required fees, books and supplies, room and board, and other expenses.
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According to 2016 data from the U.S. Census Bureau, the difference in annual earnings between an individual with a bachelor’s and an individual with a high school diploma is $23,291. This difference in earning power represents a tremendous return on the initial investment of time, money, and effort on the part of individuals to earn a degree; particularly when you consider that the average cumulative indebtedness of undergraduates who started with USC Aiken and graduated in 2015-16 was $23,378 upon graduation. This debt load is fully compensated in approximately 1 year based upon the additional salary earned as a result of having the degree. Further, in 2015-16, 25% of graduates who had started and completed their education at USC Aiken earned their degree with no debt.
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