$5,920

Avg. Federal Grant

N/A

Avg. Federal Loan

$5,920

Total Aid Awarded

Abraham Lincoln University (ALU) Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

2%

Total Aid Amount Average Total Aid Awarded per year.

$5.920K

Financial Aid Official Website

https://www.alu.edu/alu-admissions/financial-aid/

Notably, 67% of the students at Abraham Lincoln University get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $101,750. At ALU, the total percentage of applicants who receive the Federal Grant stands at 56%. On the other hand, 56% of the candidates get the Student Grant, while 56% receive the Pell Grant. And, for the Pell Grant awardees, the average aid amount is $6,225. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for their education. But, they should understand that student loans are borrowed at a certain rate of interest, unlike grants and scholarships. Moreover, the funds received through these loans will have to be repaid within a given timeframe. At Abraham Lincoln University, the percentage of candidates who opt to avail of student loans is around 56%.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

9%

State Grant Aid

N/A

Institution Grant Aid

N/A

Pell Grant

9%

Average Aid Awarded

Federal Grant Aid

$5,920

State Grant Aid

N/A

Institution Grant Aid

N/A

Pell Grant

$5,920

At Abraham Lincoln University, 2% of students receive any kind of aid, whereas the total aid awarded was $5,920. Around 9% of the students receive federal grants (Pell Grant, for instance) which amount to an average of $5,920.

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$5,920

$30,001 - $48,000

N/A

$48,001 - $75,000

N/A

$75,001 - $110,000

N/A

Over $110,000

N/A

The average federal aid in Abraham Lincoln University is calculated according to the family income of the student. Families who earn less than $30,000 receive an average federal aid amount of around $5,920.

Student Loans for Abraham Lincoln University (ALU)

Students Taking Out Loans

N/A

Loan Default Rate

N/A

Federal Loans

  • Federal Direct Unsubsidized Loans:  are low-cost, fixed-rate federal student loans available to graduate students, not just undergraduate students. Direct Unsubsidized Loans are the most common and among the lowest-cost ways to pay for graduate school and professional school.

  • Federal Direct Subsidized loans: These are the federal student loan programs funded by the government which is awarded to you when you fill out the FAFSA. These are generally your best education loan option.

What’s interesting to note is that ALU offers a comprehensive guide on its financial aid system. To know more, take a look at ALU Federal Financial Aids. This also covers everything you need to know about their loan structures.

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