$5,177

Avg. Federal Grant

$6,476

Avg. Federal Loan

$31,359,053

Total Aid Awarded

Alabama State University Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

89%

Total Aid Amount Average Total Aid Awarded per year.

$31.359M

Financial Aid Official Website

www.alasu.edu/cost-aid/index.aspx

Such schemes include Academic Scholarship, Alabama G.I. Dependents' Scholarship, Dean Scholarship, and Incentive Scholarship. It is interesting to note that, every year, around 95% of students at ASU receive some kind of financial aid, while the total amount of assistance/loans provided is $32,546,045. More information regarding the financial assistance schemes can be accessed on ASU’s official financial aid page at http://www.alasu.edu/cost-aid/index.aspx. At ASU, the total percentage of applicants who receive the Federal Grant stands at 77%. On the other hand, 89% of the candidates get the Student Grant, 46% receive the Institution Grant, and 77% get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $5,602, and the same stands at $5,276 for State Grant awardees and $7,955 for Institution Grant recipients. And, for the Pell Grant awardees, the average aid amount is $4,764. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. 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 Alabama State University, the percentage of candidates who opt to avail of student loans is around 80%.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

78%

State Grant Aid

8%

Institution Grant Aid

41%

Pell Grant

78%

Average Aid Awarded

Federal Grant Aid

$5,177

State Grant Aid

$10,289

Institution Grant Aid

$7,487

Pell Grant

$5,067

As mentioned in the table above the financial aid provided by the University is broadly divided into four categories namely federal grants, pell grants, state grants and institutional grants.

These are provided under the institution's financial aid programs. Among all the grants provides by the university the maximum percentage of contribution is by the federal grant aid and the pell grant aid which is about 78% and provides an average aid of $5,177 and $5,067 respectively.

Though the percentage of the State Grant Aid is the lowest among all about 8% the avg. aid provided under the state grant provision is $10,289 which is the on the other hand.

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$10,132

$30,001 - $48,000

$6,621

$48,001 - $75,000

$3,086

$75,001 - $110,000

$2,613

Over $110,000

$6,643

It is clearly mentioned in the above table that a student from a low-income family is likely to expect a higher amount of financial aid provided.

For those students who fall under the category of low family income i.e. less than $30,000, the amount of financial aid provided is $10,132 whereas those students whose family income is over $110,000 the aid amounts sum up to $6,643 as they are capable of handling the educational expenditures.

These federal aids help the students of low-income backgrounds to complete their degrees with much ease. Students can contact the Alabama state university financial aid number for more details regarding the segregation of the Federal Aid based on the family income.

Student Loans for Alabama State University

Average Loan Amount Average Loan Amount received per year.

$6,709/Year

Students Taking Out Loans

76%

Loan Default Rate

20.3%

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