Private colleges set the bar high when it comes to their academic standards and chances of admission, making them an ideal destination for many aspiring college students. While private colleges are known for their qualitative standards, they are also known for the quantitative as well, meaning they charge a pricey tuition.

Needless to say, the typical student who gets admitted into a private university is expected to shell out a ton of cash; therefore, you can expect the typical private school student to take out student loans to foot the bill. Whoever is up-to-date with trending higher education topics must know that this only adds to the growing problem of student debt.

Despite this, a private school education is still desirable. Luckily, there are ways to limit the steep cost. One perfect way is to apply for scholarships. Scholarships are a form of financial aid that don’t require repayment. If you can apply for and receive one successfully, then you can receive block funding towards your education, accounting for a portion of tuition. On top of that, you can earn more than one scholarship turning them into an especially powerful tool.

Here at The Student Loan Report, we decided to highlight the private colleges whose student bodies took advantage of scholarships the most. Applying for and earning a ton of scholarship aid is a testament to the hard work and dedication of a student body to limit their tuition and expenses. On that note, below you can find a list of private colleges where the most average scholarship financial aid per undergraduate was awarded.

Private Colleges Where Students Earn the Most Scholarship Aid

RankSchoolStatePrivate/PublicOveral Scholarship Aid# of undergradsScholarship Aid per Undergrad
1 Harrisburg University of Science and Technology PA Private 2343643 344 6,812
2 Monmouth University NJ Private 25697210 4491 5,721
3 Judson University IL Private 5989139 1064 5,628
4 Mount Carmel College of Nursing OH Private 3164879 635 4,984
5 University of Dubuque IA Private 6629800 1553 4,269
6 Wartburg College IA Private 5568444 1453 3,832
7 Walla Walla University WA Private 5353922 1486 3,602
8 Schreiner University TX Private 3054677 968 3,155
9 Pacific Union College CA Private 3975611 1291 3,079
10 Morehouse College GA Private 5995087 2020 2,967
11 University of Mount Olive NC Private 3395447 1202 2,824
12 The Master's University CA Private 2685923 964 2,786
13 Andrews University MI Private 3878210 1393 2,784
14 Saint Martin's University WA Private 2420308 904 2,677
15 New England Conservatory of Music MA Private 987281 369 2,675
16 Massachusetts Institute of Technology MA Private 11920433 4474 2,664
17 Elizabethtown College PA Private 4367381 1702 2,566
18 Gannon University PA Private 6300675 2469 2,551
19 Goshen College IN Private 1718113 741 2,318
20 Union College NE Private 1629194 724 2,250
21 Roberts Wesleyan College NY Private 2692551 1213 2,219
22 Rose-Hulman Institute of Technology IN Private 4753482 2171 2,189
23 Worcester Polytechnic Institute MA Private 8807497 4085 2,156
24 Seattle Pacific University WA Private 6096282 2949 2,067
25 The College of Idaho ID Private 1876125 917 2,045
26 Gordon College MA Private 3270226 1600 2,043
27 Embry-Riddle Aeronautical University–Daytona FL Private 10034133 5017 2,000
28 Point Loma Nazarene University CA Private 5158290 2586 1,994
29 Augsburg College MN Private 4007037 2026 1,977
30 Westminster College MO Private 1654371 840 1,969
31 Edgewood College WI Private 2927820 1494 1,959
32 Lasell College MA Private 3418184 1747 1,956
33 Averett University VA Private 1603899 833 1,925
34 Rocky Mountain College MT Private 1645996 857 1,920
35 DePauw University IN Private 4128468 2178 1,895
36 Duke University NC Private 12481499 6652 1,876
37 Hood College MD Private 1972229 1086 1,816
38 University of Saint Joseph CT Private 1268079 701 1,808
39 Spelman College GA Private 3715841 2061 1,802
40 St. John's College MD Private 767355 429 1,788
41 Westminster College UT Private 3581905 2003 1,788
42 Luther College IA Private 3687293 2107 1,750
43 Embry-Riddle Aeronautical University–Prescott AZ Private 3877627 2255 1,719
44 Randolph-Macon College VA Private 2420410 1409 1,717
45 John Brown University AR Private 2617402 1529 1,711
46 Hobart and William Smith Colleges NY Private 3267328 1980 1,650
47 Brown University RI Private 10796192 6556 1,646
48 Cedarville University OH Private 4901765 3024 1,620
49 Meredith College NC Private 2599780 1611 1,613
50 Saint Louis University MO Private 12023649 7488 1,605
51 Harvard University MA Private 10702867 6690 1,599
52 University of Rochester NY Private 9277312 5966 1,555
53 Trine University IN Private 2448789 1579 1,550
54 Concordia University, Nebraska NE Private 1856328 1205 1,540
55 Point Park University PA Private 3618662 2367 1,528
56 Kalamazoo College MI Private 2161758 1417 1,525
57 Palm Beach Atlantic University FL Private 3485216 2301 1,514
58 Goucher College MD Private 2170568 1436 1,511
59 Carlow University PA Private 1692285 1124 1,505
60 American University DC Private 10501314 6982 1,504
61 Montreat College NC Private 723813 485 1,492
62 Stanford University CA Private 10175154 6870 1,481
63 Oberlin College OH Private 4226931 2869 1,473
64 Saint John's University MN Private 2550668 1733 1,471
65 Kenyon College OH Private 2616428 1809 1,446
66 Tennessee Wesleyan University TN Private 1395716 968 1,441
67 Wayland Baptist University TX Private 1536576 1070 1,436
68 Dordt College IA Private 1910342 1366 1,398
69 Kansas City Art Institute MO Private 874805 631 1,386
70 Butler University IN Private 6048682 4430 1,365
71 Martin Luther College MN Private 841144 637 1,320
72 Alvernia University PA Private 2224550 1686 1,319
73 Mount Ida College MA Private 1630609 1241 1,313
74 Wofford College SC Private 2074373 1582 1,311
75 Milwaukee School of Engineering WI Private 3331319 2546 1,308
76 Huntingdon College AL Private 1143351 880 1,299
77 California College of the Arts CA Private 1852174 1439 1,287
78 Franciscan University of Steubenville OH Private 2508789 1951 1,285
79 Sacred Heart University CT Private 6076439 4793 1,267
80 Corban University OR Private 1172919 932 1,258
81 Hampton University VA Private 3654909 2944 1,241
82 Albright College PA Private 2301618 1862 1,236
83 Defiance College OH Private 710659 576 1,233
84 Alaska Pacific University AK Private 242621 197 1,231
85 Carleton College MN Private 2510702 2045 1,227
86 Christian Brothers University TN Private 1618978 1331 1,216
87 Southwestern University TX Private 1765033 1457 1,211
88 Metropolitan College of New York NY Private 750812 621 1,209
89 St. Norbert College WI Private 2453755 2031 1,208
90 University of Puget Sound WA Private 2987353 2487 1,201
91 Milligan College TN Private 904839 757 1,195
92 Fordham University NY Private 9890691 8286 1,193
93 Seattle University WA Private 5309636 4514 1,176
94 University of Miami FL Private 11901612 10150 1,172
95 Eastern Mennonite University VA Private 1271909 1087 1,170
96 Nova Southeastern University FL Private 3545067 3051 1,161
97 Case Western Reserve University OH Private 5795010 4990 1,161
98 Marquette University WI Private 9166838 7921 1,157
99 Oklahoma Wesleyan University OK Private 724108 627 1,154
100 Williams College MA Private 2332768 2042 1,142
101 Wellesley College MA Private 2463720 2212 1,113
102 University of Denver CO Private 6043644 5454 1,108
103 Carroll College MT Private 1543496 1401 1,101
104 Claflin University SC Private 2074753 1905 1,089
105 Lipscomb University TN Private 2870070 2648 1,083
106 Elmira College NY Private 1036409 957 1,082
107 Maranatha Baptist University WI Private 597930 554 1,079
108 Brandeis University MA Private 3845444 3593 1,070
109 Gwynedd Mercy University PA Private 1791803 1685 1,063
110 Dominican University of California CA Private 1253915 1180 1,062
111 University of Southern California CA Private 19090281 18015 1,059
112 Northwest Nazarene University ID Private 1213264 1152 1,053
113 Hilbert College NY Private 759660 726 1,046
114 University of Pennsylvania PA Private 9866136 9444 1,044
115 Hampshire College MA Private 1344420 1305 1,030
116 Barnard College NY Private 2596716 2533 1,025
117 Pomona College CA Private 1674115 1640 1,020
118 Concordia University Wisconsin WI Private 2568933 2519 1,019
119 Wabash College IN Private 859068 843 1,019
120 Franklin & Marshall College PA Private 2261415 2222 1,017
121 Northwest Christian University OR Private 424669 421 1,008
122 Grinnell College IA Private 1673765 1661 1,007
123 Roanoke College VA Private 1940702 1937 1,001
124 Allegheny College PA Private 1868227 1865 1,001
125 Lubbock Christian University TX Private 1266267 1267 999
126 Lewis & Clark College OR Private 2018059 2024 997
127 Columbia University, School of General Studies NY Private 1152857 1162 992
128 Oklahoma Christian University OK Private 1860886 1910 974
129 High Point University NC Private 4197719 4320 971
130 Elms College MA Private 924994 953 970
131 Indiana Wesleyan University IN Private 2536354 2618 968
132 Azusa Pacific University CA Private 5163752 5336 967
133 Allen College IA Private 276351 287 962
134 Davidson College NC Private 1727105 1796 961
135 Thiel College PA Private 783966 828 946
136 Florida College FL Private 524866 556 944
137 University of Evansville IN Private 2060849 2185 943
138 Mount Mercy University IA Private 1088968 1157 941
139 Waynesburg University PA Private 1270766 1363 932
140 Memphis College of Art TN Private 287715 309 931
141 Cleveland Institute of Music OH Private 221611 239 927
142 St. John's University NY Private 10120273 10956 923
143 Furman University SC Private 2469115 2696 915
144 Tuskegee University AL Private 2268500 2486 912
145 Agnes Scott College GA Private 804584 883 911
146 Mount St. Mary's University MD Private 1481493 1629 909
147 Newberry College SC Private 941670 1036 908
148 William Jessup University CA Private 902249 995 906
149 St. Lawrence University NY Private 2110138 2341 901
150 St. Olaf College MN Private 2681838 2983 899
151 Guilford College NC Private 1309723 1461 896
152 Susquehanna University PA Private 1811513 2022 895
153 Keuka College NY Private 1194122 1335 894
154 Westminster College PA Private 1012414 1132 894
155 Drury University MO Private 1132356 1269 892
156 College of Saint Benedict MN Private 1726237 1936 891
157 Vassar College NY Private 2142953 2424 884
158 Taylor University IN Private 1591691 1806 881
159 Hanover College IN Private 995253 1133 878
160 Bluefield College VA Private 693328 791 876
161 Marymount California University CA Private 768965 882 871
162 University of Notre Dame IN Private 7334265 8480 864
163 Houghton College NY Private 869198 1006 864
164 Nebraska Methodist College NE Private 399753 467 856
165 Campbellsville University KY Private 1430985 1672 855
166 Bellarmine University KY Private 2090747 2460 849
167 The New School College of Performing Arts NY Private 464676 547 849
168 Marietta College OH Private 890581 1052 846
169 Southwestern College KS Private 395991 473 837
170 Lawrence University WI Private 1249987 1495 836
171 Providence College RI Private 3341889 3997 836
172 Scripps College CA Private 803179 965 832
173 Occidental College CA Private 1751863 2114 828
174 The New School for Public Engagement NY Private 202949 246 824
175 Dallas Baptist University TX Private 1971248 2408 818
176 Blessing-Rieman College of Nursing & Health Sciences IL Private 85087 105 810
177 Springfield College MA Private 1671892 2071 807
178 Simpson College IA Private 1103509 1379 800
179 Simmons College MA Private 1274871 1594 799
180 La Roche College PA Private 919026 1151 798
181 Bluffton University OH Private 578674 729 793
182 Waldorf University IA Private 878693 1108 793
183 The Colorado College CO Private 1651836 2084 792
184 George Fox University OR Private 2021587 2563 788
185 Wilson College PA Private 390233 495 788
186 Gustavus Adolphus College MN Private 1839723 2342 785
187 Washington University in St. Louis MO Private 5323918 6811 781
188 Pepperdine University CA Private 2489936 3186 781
189 Linfield College OR Private 1229666 1584 776
190 Wheelock College MA Private 553073 713 775
191 Dartmouth College NH Private 3279931 4230 775
192 Augustana University SD Private 1236378 1595 775
193 Marylhurst University OR Private 104618 135 774
194 Whitworth University WA Private 1713635 2221 771
195 Mount Holyoke College MA Private 1706747 2213 771
196 Yale University CT Private 4186071 5469 765
197 Trinity University TX Private 1742674 2277 765
198 Evangel University MO Private 1174472 1544 760
199 Georgetown University DC Private 5400000 7112 759
200 Harvey Mudd College CA Private 615516 812 758
201 Hampden-Sydney College VA Private 774947 1026 755
202 Covenant College GA Private 752570 999 753
203 Florida Southern College FL Private 1746488 2319 753
204 St. Louis College of Pharmacy MO Private 520536 692 752
205 Claremont McKenna College CA Private 1010079 1343 752
206 Wesleyan University CT Private 2190534 2918 750
207 West Virginia Wesleyan College WV Private 1025129 1367 749
208 Wells College NY Private 427721 571 749
209 Huntington University IN Private 618076 826 748
210 Lehigh University PA Private 3709963 4990 743
211 Princeton University NJ Private 3900000 5251 742
212 Rhodes College TN Private 1461351 1974 740
213 Benedictine College KS Private 1420459 1923 738
214 Emmanuel College GA Private 524365 712 736
215 Bowdoin College ME Private 1321835 1798 735
216 Franklin W. Olin College of Engineering MA Private 252041 343 734
217 Rice University TX Private 2890723 3938 734
218 Bob Jones University SC Private 1768652 2412 733
219 Quinnipiac University CT Private 4930126 6784 726
220 Smith College MA Private 1809022 2503 722
221 Lincoln Christian University IL Private 298718 417 716
222 Presbyterian College SC Private 666333 941 708
223 College of the Ozarks MO Private 989899 1401 706
224 Daemen College NY Private 1137158 1621 701
225 Asbury University KY Private 909293 1301 698
226 Amherst College MA Private 1350145 1932 698
227 Wheaton College IL Private 1671811 2400 696
228 McMurry University TX Private 647274 932 694
229 Wake Forest University NC Private 3365039 4899 686
230 University of Portland OR Private 2536892 3698 686
231 Grove City College PA Private 1590516 2334 681
232 Oklahoma Baptist University OK Private 1224059 1803 678
233 Coe College IA Private 885917 1312 675
234 Willamette University OR Private 1245907 1850 673
235 Pacific University OR Private 1200101 1792 669
236 Calvin College MI Private 2476681 3702 669
237 Lynchburg College VA Private 1295099 1938 668
238 Emory & Henry College VA Private 662654 995 665
239 Ohio Northern University OH Private 1363143 2047 665
240 Marian University WI Private 858305 1289 665
241 Barton College NC Private 599627 903 664
242 University of Sioux Falls SD Private 679396 1029 660
243 Freed-Hardeman University TN Private 808471 1227 658
244 College of the Holy Cross MA Private 1906101 2910 655
245 Creighton University NE Private 2599877 3970 654
246 Le Moyne College NY Private 1628332 2487 654
247 Bucknell University PA Private 2329317 3571 652
248 Caldwell University NJ Private 912262 1403 650
249 Washington College MD Private 932633 1440 647
250 Philander Smith College AR Private 381161 590 646
MUST READ:
Student Loan Default Rates by School by State


Methodology

All of the statistics and data used for this report derives from Peterson’s Financial Aid data. These statistics are self-reported data by the colleges themselves, and they are pertinent to the academic year of 2015 – 2016 or for the Class of 2016. After analyzing a list of over 700 private colleges, the top 250 schools made the list. Only private colleges were analyzed.

In order to determine the rankings for this study, the overall scholarship money awarded to undergraduate student body was pulled with the total number of undergraduates at a given school. The overall scholarship financial aid was divided by the number of undergraduates, generating the final ranking factor: average scholarship aid per undergraduate.

Each school was ranked according to average scholarship aid per undergrad (highest to lowest), and the top 250 private schools were included in the report.

©2017