Schools With The Largest Financial Aid Budgets

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If you’re an undergraduate student searching for college financial aid, this is your list.

The rising cost of universities and colleges has been one of the most heated issues in the world of higher education over the last few years. While the price of most schools continues to rise at a higher rate than almost any other product on the market, student debt has also skyrocketed. That’s why it is more important than ever that you do your research and find schools that offer diverse and comprehensive financial aid packages that can meet your individual needs.

These 100 colleges and universities have the largest financial aid budgets to offer to their undergraduate students. To compensate for school size relative to financial aid budget, all schools in our list award the displayed average financial aid award amount to at least 50% or more of those that apply and have at least 200 students who apply for aid.

Earn Your Associate or Bachelor’s Degree Online. You May Qualify For $5,920 in Grants!

RankCollege NameCity, StateTotal Aid Award Budget% Applicants Awarded AidAverage Aid Award AmountIn-State Tuition + FeesOut-of-State Tuition + Fees
1
University of Phoenix-ArizonaTempe, AZ
$486,457,298
80%
$3,887
$11,003
$11,003
2
University of Southern CaliforniaLos Angeles, CA
$373,209,890
60%
$33,269
$50,277
$50,277
3
New York UniversityNew York, NY
$356,493,903
57%
$25,146
$47,750
$47,750
4
University of California-Los AngelesLos Angeles, CA
$313,344,034
61%
$17,244
$12,763
$37,471
5
University of California-DavisDavis, CA
$307,417,150
72%
$15,547
$13,951
$38,659
6
Arizona State University-TempeTempe, AZ
$295,817,666
73%
$10,103
$10,158
$25,458
7
University of California-IrvineIrvine, CA
$286,590,121
73%
$16,079
$13,252
$37,960
8
University of California-BerkeleyBerkeley, CA
$282,435,440
61%
$16,977
$13,431
$38,139
9
Syracuse UniversitySyracuse, NY
$280,562,218
70%
$26,302
$43,318
$43,318
10
Cornell UniversityIthaca, NY
$261,197,365
55%
$33,376
$49,116
$49,116
11
Liberty UniversityLynchburg, VA
$259,425,075
84%
$6,278
$15,080
$15,080
12
Ohio State University-Main CampusColumbus, OH
$255,513,653
65%
$8,725
$10,037
$27,365
13
University of California-San DiegoLa Jolla, CA
$255,358,515
64%
$16,143
$13,530
$38,238
14
DePaul UniversityChicago, IL
$254,826,094
80%
$19,811
$36,361
$36,361
15
University of California-RiversideRiverside, CA
$253,386,313
84%
$16,032
$13,527
$38,235
16
Drexel UniversityPhiladelphia, PA
$251,517,444
80%
$18,693
$44,114
$44,114
17
Texas A & M University-College StationCollege Station, TX
$238,619,858
57%
$8,947
$9,837
$27,745
18
St John's University-New YorkQueens, NY
$238,480,216
66%
$22,885
$38,413
$38,413
19
Baylor UniversityWaco, TX
$236,426,635
90%
$18,954
$40,198
$40,198
20
University of Michigan-Ann ArborAnn Arbor, MI
$225,167,411
51%
$15,565
$14,729
$45,002
21
University of ArizonaTucson, AZ
$222,505,081
69%
$9,923
$10,877
$30,030
22
University of PennsylvaniaPhiladelphia, PA
$220,361,069
54%
$35,416
$49,536
$49,536
23
Central Michigan UniversityMount Pleasant, MI
$219,453,258
74%
$14,688
$11,455
$22,881
24
Grand Canyon UniversityPhoenix, AZ
$218,854,211
70%
$7,909
$17,129
$17,129
25
University of California-Santa BarbaraSanta Barbara, CA
$218,531,105
66%
$16,459
$13,968
$38,676
26
Ivy Tech Community CollegeIndianapolis, IN
$214,825,012
53%
$4,478
$4,115
$7,992
27
The University of AlabamaTuscaloosa, AL
$206,838,354
57%
$11,878
$10,170
$25,950
28
Northeastern UniversityBoston, MA
$205,241,307
65%
$23,254
$45,530
$45,530
29
California State University-NorthridgeNorthridge, CA
$205,034,775
72%
$7,995
$6,569
$17,729
30
University of Illinois at Urbana-ChampaignChampaign, IL
$203,007,475
51%
$11,995
$17,086
$33,222
31
Rutgers University-New BrunswickNew Brunswick, NJ
$202,332,273
51%
$11,061
$14,131
$29,521
32
Rochester Institute of TechnologyRochester, NY
$201,784,670
82%
$18,312
$37,124
$37,124
33
Michigan State UniversityEast Lansing, MI
$199,805,589
51%
$10,141
$14,333
$36,934
34
University of California-Santa CruzSanta Cruz, CA
$196,475,670
74%
$16,282
$13,461
$38,169
35
Indiana University-BloomingtonBloomington, IN
$196,456,834
59%
$9,138
$10,388
$33,741
36
University of MiamiCoral Gables, FL
$195,696,724
70%
$25,067
$45,724
$45,724
37
University of GeorgiaAthens, GA
$193,885,877
82%
$8,815
$11,622
$29,832
38
Pennsylvania State University-Main CampusUniversity Park, PA
$188,122,455
68%
$6,836
$17,514
$31,346
39
George Washington UniversityWashington, DC
$183,092,928
64%
$27,475
$48,280
$48,280
40
Louisiana State University and Agricultural & Mechanical CollegeBaton Rouge, LA
$178,887,190
72%
$9,670
$9,714
$26,877
41
Pace University-New YorkNew York, NY
$178,531,297
85%
$24,237
$41,333
$41,333
42
University of FloridaGainesville, FL
$177,903,873
88%
$6,192
$6,381
$28,659
43
University of Central FloridaOrlando, FL
$174,341,274
69%
$4,797
$6,368
$22,467
44
Stanford UniversityStanford, CA
$170,804,221
62%
$39,283
$46,320
$46,320
45
University of Notre DameNotre Dame, IN
$170,243,807
63%
$32,194
$47,929
$47,929
46
California State University-Long BeachLong Beach, CA
$169,293,707
72%
$7,479
$6,452
$17,612
47
Vanderbilt UniversityNashville, TN
$169,042,525
64%
$38,638
$44,712
$44,712
48
Miami Dade CollegeMiami, FL
$168,068,407
59%
$4,334
$2,834
$9,661
49
Fordham UniversityBronx, NY
$164,908,445
80%
$23,738
$46,932
$46,932
50
Columbia University in the City of New YorkNew York, NY
$163,586,548
57%
$35,324
$53,000
$53,000
51
California State University-FullertonFullerton, CA
$161,049,286
65%
$7,579
$6,437
$17,597
52
Temple UniversityPhiladelphia, PA
$159,223,398
72%
$7,797
$15,688
$25,994
53
Northwestern UniversityEvanston, IL
$157,533,193
53%
$32,860
$49,047
$49,047
54
Palm Beach State CollegeLake Worth, FL
$156,500,419
82%
$6,706
$2,444
$8,732
55
Ashford UniversitySan Diego, CA
$151,527,255
79%
$4,235
$10,720
$10,720
56
California State University-SacramentoSacramento, CA
$150,695,875
73%
$7,689
$6,872
$18,032
57
University of KentuckyLexington, KY
$150,647,292
78%
$8,708
$10,936
$24,268
58
Florida International UniversityMiami, FL
$150,507,720
69%
$5,282
$6,556
$18,954
59
Loyola University ChicagoChicago, IL
$150,357,368
83%
$17,575
$39,179
$39,179
60
Washington State UniversityPullman, WA
$149,340,654
61%
$10,287
$11,967
$25,567
61
University of North Carolina at Chapel HillChapel Hill, NC
$149,175,286
53%
$15,433
$8,591
$33,673
62
Purdue University-Main CampusWest Lafayette, IN
$148,202,667
51%
$9,612
$10,002
$28,804
63
Duke UniversityDurham, NC
$146,699,555
56%
$39,584
$49,241
$49,241
64
California State University-Los AngelesLos Angeles, CA
$143,205,461
81%
$8,505
$6,355
$17,515
65
Tulane University of LouisianaNew Orleans, LA
$142,438,534
70%
$25,669
$49,638
$49,638
66
University of RochesterRochester, NY
$140,219,926
78%
$28,512
$48,260
$48,260
67
University of Minnesota-Twin CitiesMinneapolis, MN
$137,520,865
50%
$7,964
$13,790
$22,210
68
University of HoustonHouston, TX
$135,858,583
57%
$7,261
$8,759
$20,519
69
Saint Louis UniversitySaint Louis, MO
$135,382,313
54%
$20,083
$39,226
$39,226
70
University of South Florida-Main CampusTampa, FL
$135,265,835
72%
$6,245
$6,410
$17,324
71
University of Illinois at ChicagoChicago, IL
$133,795,368
65%
$12,383
$14,626
$27,447
72
University of Missouri-ColumbiaColumbia, MO
$133,653,983
60%
$8,025
$9,509
$25,166
73
University of Massachusetts-AmherstAmherst, MA
$132,715,230
69%
$8,592
$14,356
$30,689
74
California State University-FresnoFresno, CA
$132,204,811
75%
$8,560
$6,311
$17,471
75
Brigham Young University-IdahoRexburg, ID
$131,204,544
60%
$5,961
$3,830
$3,830
76
Georgia State UniversityAtlanta, GA
$130,131,835
72%
$7,112
$8,974
$23,542
77
Rensselaer Polytechnic InstituteTroy, NY
$129,728,806
91%
$25,694
$49,341
$49,341
78
Brigham Young University-ProvoProvo, UT
$129,543,065
71%
$6,691
$5,150
$5,150
79
University of DaytonDayton, OH
$129,354,608
86%
$17,573
$39,090
$39,090
80
Princeton UniversityPrinceton, NJ
$129,332,504
58%
$41,466
$43,450
$43,450
81
The University of Tennessee-KnoxvilleKnoxville, TN
$128,313,162
75%
$7,973
$11,948
$30,368
82
North Carolina State University at RaleighRaleigh, NC
$128,001,115
54%
$9,774
$8,581
$24,932
83
San Diego State UniversitySan Diego, CA
$127,030,251
59%
$7,646
$6,976
$18,136
84
Iowa State UniversityAmes, IA
$126,618,367
67%
$6,552
$7,736
$20,856
85
Yale UniversityNew Haven, CT
$126,561,838
52%
$44,114
$47,600
$47,600
86
San Francisco State UniversitySan Francisco, CA
$124,792,541
65%
$7,445
$6,476
$17,636
87
Oklahoma State University-Main CampusStillwater, OK
$124,771,142
76%
$7,874
$7,778
$20,978
88
University of Maryland-College ParkCollege Park, MD
$124,621,547
52%
$8,855
$9,996
$31,144
89
Emory UniversityAtlanta, GA
$124,000,608
54%
$33,111
$46,314
$46,314
90
Marquette UniversityMilwaukee, WI
$123,665,255
96%
$15,366
$37,170
$37,170
91
San Jose State UniversitySan Jose, CA
$122,787,687
64%
$7,245
$7,378
$18,538
92
Northern Arizona UniversityFlagstaff, AZ
$122,497,008
64%
$8,177
$9,075
$15,723
93
University of ConnecticutStorrs, CT
$121,775,063
62%
$10,643
$13,366
$34,908
94
Ithaca CollegeIthaca, NY
$119,700,520
88%
$22,146
$40,658
$40,658
95
Florida State UniversityTallahassee, FL
$119,003,105
81%
$4,485
$6,507
$21,673
96
Texas Christian UniversityFort Worth, TX
$117,948,172
66%
$20,733
$40,720
$40,720
97
Southern Methodist UniversityDallas, TX
$116,708,500
69%
$26,531
$48,190
$48,190
98
West Virginia UniversityMorgantown, WV
$116,415,593
64%
$8,007
$7,632
$21,432
99
Middle Tennessee State UniversityMurfreesboro, TN
$116,070,294
75%
$7,657
$8,080
$24,808
100
Kaplan University-Davenport CampusDavenport, IA
$115,842,656
70%
$4,237
$14,169
$14,169

Earn Your Associate or Bachelor’s Degree Online. You May Qualify For $5,920 in Grants!


References: Data and Terminology

  • School data comes from to IPEDS data submitted to the National Center for Education Statistics.
  • Financial Aid is any monetary grant aid or scholarship aid awarded from the federal government, a state or local government, the institution, and other sources known by the institution.
  • Undergraduate is a student enrolled in a 4- or 5-year bachelor’s degree program, an associate’s degree program, or a vocational or technical program below the baccalaureate.
  • Tuition are charges to full-time undergraduate students for the full academic year 2015-16. Amount of money charged to students for instructional services. Tuition may be charged per term, per course, or per credit.
  • In-district Tuition is the tuition charged by the institution to those students residing in the locality in which they attend school. This may be a lower rate than in-state tuition if offered by the institution.
  • Out-of-state Tuition is the tuition charged by institutions to those students who do not meet the institution’s or state’s residency requirements
  • Fees are the fixed sum charged to students for items not covered by tuition and required of such a large proportion of all students that the student who does NOT pay the charge is an exception
  • Academic Year is the period of time generally extending from September to June; usually equated to 2 semesters or trimesters, 3 quarters, or the period covered by a 4-1-4 plan.

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