$5,114

Avg. Federal Grant

$5,590

Avg. Federal Loan

$12,174,298

Total Aid Awarded

Adams State University Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

75%

Total Aid Amount Average Total Aid Awarded per year.

$12.174M

Financial Aid Official Website

www.adams.edu/finaid

Such schemes include Adams State Alumni Scholarship, Adams State Classified Employees Scholarship, Alamosa Community Service Scholarship, and Alamosa Rotary Scholarship. As many as 98% of the students at ASU get some sort of financial aid, and the total amount of assistance/loans provided is more than $5,792,666 in a year. Notably, a total of 58% of the applicants to Adams State University receive the Federal Grant every year. In comparison, 92% of the students are awarded the Student Grant, 75% get the Institution Grant, and 58% of the applicants receive the Pell Grant. While the Federal Grant awardees receive an average aid of $5,424, the State Grant receivers and Institution Grant beneficiaries get $3,666 and $4,229, respectively. On the other hand, the average aid received by the Pell Grant awardees is $5,031. 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. However, student loans attract a certain rate of interest at which the funds are borrowed. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. At ASU, an estimated number of 55% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

54%

State Grant Aid

49%

Institution Grant Aid

68%

Pell Grant

54%

Average Aid Awarded

Federal Grant Aid

$5,114

State Grant Aid

$3,176

Institution Grant Aid

$5,067

Pell Grant

$4,751

It is necessary to know how many students receive certain aids because it gives the students a good idea on what to expect from each type of aid they are going through. Everyone is eligible for federal aid the moment they apply for the university, but the important point to bring up is how much and/or to whom is a certain aid given.

When it comes to grants, students get the opportunity to take up different grants; federal, institutional, or state grants.

  • Around 54% of the students receive Federal Grant Aid which amounts to at an average of US$5,114.
  • 54% of the students receive Pell Grants which amount to an average of around US$4,751.

  • Approximately 49% of the students receive state grants at an average of around US$3,176.

  •  68% of the students receive institutional grants which amount to an average of  around US$5,067.

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$11,163

$30,001 - $48,000

$10,990

$48,001 - $75,000

$7,913

$75,001 - $110,000

$2,463

Over $110,000

$3,118

Financial aid in the form of federal aid is provided to a student, depending on the income of the student or the student’s family. The average federal aid in ASU is calculated according to the family income of the student and is segregated into 5 different income brackets.

For a student who has a family income ranging from 0-$30,000, the average federal aid provided is US$11,163 where as a student having a family income ranging from $30,001-$48,000 the average federal aid is US$10,990. The student who has a family income ranging from $48,001-$75,000 the average federal aid provided is US$7,913 whereas the student having an annual income ranging from $75,001-$110,000 the average federal provided is around US$2,463. And the student having an annual income range greater than $110,000, the average federal aid provided is $3,118.

Student Loans for Adams State University

Average Loan Amount Average Loan Amount received per year.

$5,877/Year

Students Taking Out Loans

53%

Loan Default Rate

9.7%

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