| rank | school | percent receiving need-based grants: | average discount from total cost: |
| #1 | mercer university macon, ga | 68.2% | 61% |
| #2 | rollins college winter park, fl | 53.7% | 53% |
| #3 | converse college spartanburg, sc | 87.2% | 50% |
| #4 | stetson university deland, fl | 72.6% | 48% |
| #5 | harding university searcy, ar | 54.9% | 34% |
| #6 | wingate university wingate, nc | 79.6% | 50% |
| #7 | appalachian state university boone, nc | 23.3% | 33% |
| #8 | the citadel charleston, sc | 40.0% | 46% |
| #9 | loyola university new orleans new orleans, la | 66.6% | 46% |
| #10 | william carey university hattiesburg, ms | 89.2% | 38% |
| #11 | samford university birmingham, al | 42.9% | 33% |
| #12 | lee university cleveland, tn | 61.6% | 35% |
| #13 | brenau university gainesville, ga | 81.8% | 43% |
| #14 | university of tennessee--chattanooga chattanooga, tn | 42.0% | 54% |
| #15 | elon university elon, nc | 32.3% | 33% |