$4,513

Avg. Federal Grant

$5,737

Avg. Federal Loan

$67,599,944

Total Aid Awarded

Abilene Christian University (ACU) Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

97%

Total Aid Amount Average Total Aid Awarded per year.

$67.600M

Financial Aid Official Website

www.acu.edu/campusoffices/sfs/index.html

Among them are scholarship programs such as ACT/SAT Scholarship, Abe and Annie Seibel Foundation Loan, Abilene Christian University - National Merit Scholarship, and Abilene Christian University - Tuition Waiver Exchange Program. Interestingly, almost all of the students at ACU receive some sort of financial aid, and the total amount of assistance/loans provided totals more than $19,263,408 in a year. At ACU, the total percentage of applicants who receive the Federal Grant stands at 30%. On the other hand, 100% of the candidates get the Student Grant, 100% receive the Institution Grant, and 30% get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $4,947, and the same stands at $3,445 for State Grant awardees and $18,865 for Institution Grant recipients. And, for the Pell Grant awardees, the average aid amount is $4,636. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for their education. In contrast to grants and scholarships, student loans are taken by the candidates at a certain rate of interest. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. Every year, around 58% of the applicants to Abilene Christian University opt for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

30%

State Grant Aid

28%

Institution Grant Aid

100%

Pell Grant

30%

Average Aid Awarded

Federal Grant Aid

$4,513

State Grant Aid

$3,237

Institution Grant Aid

$18,220

Pell Grant

$4,188

The University serves with financial aid through grants: federal, state and institutional grants. The notable figures of the same are mentioned as follows:

  • Federal Grants - This serves 30% of the students with an average aid of US$4,513.
  • Pell Grants - This serves 30% of the students with an average aid of US$4,188.

  • State Grants - This serves 28% of the students with an average aid of US$3,237.

  • Institutional Grants - This serves 100% of the students with an average aid of US$18,220.

On an average, US$5,737 of federal loans is offered to the students by ACU to support them financially.

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$24,497

$30,001 - $48,000

$22,970

$48,001 - $75,000

$22,415

$75,001 - $110,000

$21,246

Over $110,000

$16,793

This follows the range of federal aids offered to students with respect to the student’s family income, with financial aids ranging from US$16,793 to US$24,497. The average financial aid amounts to US$21,585 which reflects that the greatest percentage of students will receive a financial aid amounting US$21,246 falling under the income category ranging from US$75,001 - US$110,000.

Students’ families with income less than US$75,000, will be offered with financial aid reaching nearly US$24,497, US$22,970 and US$22,415. On the other hand, families with income more than US$75,000, will be offered with financial aid reaching nearly US$21,246 or US$16,793.

Student Loans for Abilene Christian University (ACU)

Average Loan Amount Average Loan Amount received per year.

$10,784/Year

Students Taking Out Loans

57%

Loan Default Rate

4.8%

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