It might come as a surprise to some parents that public universities do give out merit awards.
We decided to look at merit scholarships awarded by public universities. In general, these awards tend to be smaller compared to private colleges, but so is the cost to attend at public universities vs. private schools (at least if you receive instate tuition).
Using our College Insights tool, we filtered schools by public status and then sorted them based on the size of the average merit aid award given to students without any financial need.
Listed below are the top 10 schools that award the largest average merit aid amounts to students without financial need, along with the percent of students without need who receive merit scholarships.
This list was based on Common Data Set information that schools publish on their websites.
What’s interesting is range of percentages of how many students receive merit scholarships, ranging from 11% to a high of 92%.
In addition to looking at the average merit scholarship amount, it’s also important to review graduation rates, SAT/ACT 75th percentile, % of students without need receiving merit awards, and in-state and out-of-state costs.
It’s important to remember that just because a college offers merit aid, it doesn’t mean they offer it to a large percentage of students without need.
In addition, it’s important to consider graduation rates. Most schools only offer merit aid for four years, so graduating in five years or longer can add significant expense.
Our data is based on 2020 – 2021 Common Data Set files.
| Name | State | % Freshmen w/out need Receiving Merit Aid | Avg Merit Award for Freshmen w/out need |
|---|---|---|---|
| University of Vermont | VT | 89% | $16,884 |
| The University of Alabama | AL | 62% | $15,394 |
| Tennessee State University | TN | 11% | $15,057 |
| Missouri University of Science and Technology | MO | 92% | $15,005 |
| New Jersey Institute of Technology | NJ | 70% | $14,821 |
| The University of Texas at Dallas | TX | 60% | $14,701 |
| Coastal Carolina University | SC | 87% | $14,543 |
| University of Montevallo | AL | 88% | $13,807 |
| University of Hawaii at Manoa | HI | 65% | $13,373 |
| College of Charleston | SC | 64% | $12,455 |
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This story was first shared in our Paying for College 101 Facebook community. It’s been edited for clarity and flow.
Comments in this story were first published in our Paying for College 101 (PFC 101) Facebook community. They’ve been edited
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