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List compiled using most recent data provided by College Board’s Annual Survey of Colleges and the Integrated Postsecondary Education Data System.

Merit Aid (by Institution)

Merit aid is financial aid awarded to students on the basis of their academic or extracurricular accomplishments, rather than their financial need. The following table indicates the percentage of students receiving merit aid at each of America’s selective colleges, as well as the average merit award received.

COA = total cost of attendance.
InstitutionIn-state (COA)Out-of-state (COA)% Receiving Merit AidAverage Award
American University$59,888$59,88828$12,218
Amherst College$67,172$67,1720$0
Babson College$65,296$65,29612$24,649
Bard College$66,724$66,7242$20,071
Barnard College$65,261$65,2610$0
Bates College$63,720$63,7200$0
Bentley University$61,005$61,00523$16,917
Boston College$65,620$65,6203$19,222
Boston University$65,906$65,9069$17,409
Bowdoin College$63,440$63,4400$0
Brandeis University$65,804$65,8048$14,049
Brigham Young University-Provo$17,718$17,71845$3,624
Brown University$65,380$65,3800$0
Bryn Mawr College$64,440$64,4405$10,750
Bucknell University$65,268$65,26814$11,668
California Institute of Technology$63,471$63,4710$0
Carleton College$64,420$64,42015$4,773
Carnegie Mellon University$65,895$65,89522$11,804
Case Western Reserve University$61,950$61,95052$22,009
Claremont McKenna College$65,225$65,2258$9,829
Clemson University$27,516$46,43439$7,456
Colby College$63,912$63,9122$500
Colgate University$64,800$64,8000$0
College of the Holy Cross$61,524$61,5241$45,080
College of William and Mary$33,630$54,77418$11,088
Colorado College$63,600$63,60029$10,280
Colorado School of Mines$31,726$49,20115$7,983
Columbia University in the City of New York$65,860$65,8600$0
Connecticut College$64,965$64,9650$0
Cooper Union for the Advancement of Science and Art$58,185$58,18598$39,600
Cornell University$65,495$65,4950$0
Dartmouth College$67,652$67,6520$0
Davidson College$62,894$62,89412$27,020
Denison University$60,410$60,41095$22,114
Dickinson College$65,441$65,44118$9,044
Duke University$67,399$67,39916$13,689
Emerson College$60,230$60,23010$16,191
Emory University$63,058$63,05814$17,796
Fordham University$67,072$67,07228$13,822
Franklin and Marshall College$65,640$65,6400$0
George Washington University$66,310$66,31031$18,307
Georgetown University$67,557$67,5570$0
Georgia Institute of Technology-Main Campus$25,845$46,03231$4,393
Gettysburg College$63,370$63,37049$11,832
Grinnell College$61,098$61,09821$18,473
Hamilton College$65,870$65,8700$0
Harvard University$69,900$69,9000$0
Harvey Mudd College$69,355$69,35542$9,410
Haverford College$65,454$65,4540$0
Hobart William Smith Colleges$64,370$64,37028$13,783
Johns Hopkins University$66,646$66,6465$30,263
Kenyon College$64,390$64,39020$12,884
Lafayette College$61,930$61,93016$25,737
Lehigh University$60,575$60,57511$15,235
Macalester College$61,853$61,85311$12,617
Marist College$50,000$50,00056$7,802
Massachusetts Institute of Technology$63,250$63,2500$0
Middlebury College$63,456$63,4560$0
Mount Holyoke College$58,646$58,64617$17,727
New York University$70,444$70,4447$3,692
Northeastern University$63,330$63,33040$20,784
Northwestern University$68,060$68,0605$2,348
Oberlin College$66,832$66,83271$13,380
Occidental College$67,046$67,04614$10,450
Ohio State University-Main Campus$25,631$42,95919$6,701
Pitzer College$65,880$65,8801$5,000
Pomona College$63,670$63,6700$0
Princeton University$61,850$61,8500$0
Reed College$64,480$64,4800$0
Rensselaer Polytechnic Institute$66,172$66,17231$17,440
Rhodes College$57,714$57,71456$19,113
Rice University$58,283$58,28316$22,748
Santa Clara University$63,666$63,66644$12,975
Scripps College$66,060$66,06013$13,611
Shimer College$49,270$49,27052$2,000
Skidmore College$64,852$64,8522$14,000
Smith College$64,449$64,4492$13,152
Southern Methodist University$67,565$67,56555$19,568
St Olaf College$55,080$55,08035$15,130
Stanford University$65,177$65,1770$0
Stevens Institute of Technology$64,210$64,21049$9,973
Stony Brook University$23,655$38,73511$4,730
SUNY at Binghamton$24,251$37,3717$6,905
SUNY College at Geneseo$24,093$33,94322$3,952
Swarthmore College$63,980$63,9801$45,700
Trinity College$66,420$66,4207$23,591
Tufts University$65,900$65,9000$0
Tulane University of Louisiana$66,518$66,51835$22,660
Union College$64,245$64,24529$9,148
United States Air Force Academy$0$00$0
University of California-Berkeley$35,365$60,07314$5,596
University of California-Los Angeles$32,289$55,1673$4,017
University of Chicago$66,765$66,76529$8,720
University of Florida$20,661$42,93853$1,717
University of Georgia$22,568$41,06610$2,405
University of Maryland-College Park$24,588$45,73614$6,430
University of Miami$62,487$62,48729$17,507
University of Michigan-Ann Arbor$27,812$57,43240$5,742
University of Minnesota-Twin Cities$26,304$34,72416$5,282
University of North Carolina at Chapel Hill$24,349$49,4317$9,054
University of Notre Dame$64,775$64,77530$14,793
University of Pennsylvania$66,800$66,8000$0
University of Pittsburgh-Pittsburgh Campus$33,484$44,2504$12,286
University of Richmond$61,370$61,37022$33,250
University of Rochester$65,346$65,34631$13,573
University of Southern California$67,212$67,21234$21,460
University of Virginia-Main Campus$28,924$57,53811$8,701
Vanderbilt University$63,532$63,53230$16,325
Vassar College$66,070$66,0700$0
Villanova University$62,773$62,77317$13,589
Wake Forest University$64,478$64,47840$30,763
Washington and Lee University$61,235$61,23519$45,042
Washington University in St Louis$68,728$68,72814$11,455
Wellesley College$64,390$64,3900$0
Wesleyan University$65,443$65,4431$48,282
Williams College$66,240$66,2400$0
Yale University$65,725$65,7250$0
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