95% of incoming freshmen received both need-based and merit-based scholarships, placing Ithaca in the top 20th percentile in the nation for financial aid. An average need-based scholarship of $29,000 was awarded to first-year students. Along with freshmen, returning students are eligible for scholarships with varying performance or financial need requirements. Ithaca has a variety of aid programs including scholarships, grants, loans and work-study to meet the needs of most students.