Which Private Colleges Offer the Largest Tuition Discounts to Middle-Income Families?

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If you are interested in attending a private college or university, then you may be wondering which private institutions typically provide the largest tuition discounts to middle-income families.  A school’s tuition discount reflects the difference between the school’s stated annual cost of attendance, which includes more than just tuition costs, and the average net price paid by students.  A school’s net price is the average annual cost of attending school that is not covered by financial aid.  Families with higher annual incomes typically pay higher net prices.


Many families that earn $75,000 or more annually assume that their college-age children are not eligible to receive any financial assistance.  However, most schools do not expect that students will pay the full cost of attendance. In addition to potentially being eligible for merit-based awards, students with family incomes above $75,000 are frequent recipients of need-based financial aid.  The table below demonstrates that tuition discounts are extremely common.


Although a tuition discount is not guaranteed to any student, a family’s income bracket can indicate the approximate discount that a student may expect to receive.  The tuition discounts offered by different schools can vary widely, and depend on the practices of the school itself, the qualifications of the applicant, and the financial profile of the applicant’s family.


The table below, which is organized by income bracket, presents the private colleges and universities nationwide that offer the largest tuition discounts to middle-income families.  The cost of attendance and net price figures were sourced from the Integrated Postsecondary Education Data System, a federal government-sponsored national database of higher education institutions, for the 2017-18 school year.


Top Private Colleges & Universities by Tuition Discount

Institution Name

Location

Cost of Attendance

Average Net Price

Tuition Discount

         

Income Bracket: $75,000-110,000

Tennessee Wesleyan University

Tennessee

$31,550

$6,717

79%

Colby College

Maine

$66,780

$15,658

77%

Vanderbilt University

Tennessee

$63,248

$14,814

77%

Williams College

Massachusetts

$67,700

$15,615

77%

Johns Hopkins University

Maryland

$67,580

$17,858

74%

Dartmouth College

New Hampshire

$68,527

$18,324

73%

Davidson College

North Carolina

$63,903

$17,187

73%

Middlebury College

Vermont

$67,464

$18,577

73%

Beloit College

Wisconsin

$57,142

$15,940

72%

Kenyon College

Ohio

$65,840

$18,598

72%

         

Income Bracket: $110,000+

Tennessee Wesleyan University

Tennessee

$31,550

$7,702

76%

Beloit College

Wisconsin

$57,142

$21,340

63%

Medaille College

New York

$41,700

$15,938

62%

Philander Smith College

Arkansas

$20,964

$7,932

62%

University of Charleston

West Virginia

$39,500

$15,067

62%

Maryville College

Tennessee

$45,340

$18,647

59%

Hollins University

Virginia

$51,405

$21,910

57%

University of Saint Mary

Kansas

$36,520

$15,602

57%

Holy Family University

Pennsylvania

$44,846

$19,984

55%

Reinhardt University

Georgia

$30,688

$14,392

53%


Need more info? Find out which public colleges and universities nationwide offer the largest tuition discounts.  We’ve also got the inside scoop on which schools in the Northeast, South, Midwest, and West provide the greatest tuition discounts to middle-income families.  Otherwise, learn more about what it really costs to attend college from the experts at Edmit.

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