$5,511

Avg. Federal Grant

$5,410

Avg. Federal Loan

$11,526,108

Total Aid Awarded

Albany College of Pharmacy and Health Sciences (ACPHS) Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

96%

Total Aid Amount Average Total Aid Awarded per year.

$11.526M

Financial Aid Official Website

www.acphs.edu/admissions/financial-aid

Such schemes include Aid to Native Americans, Albany College of Pharmacy of Union University - Achievement and Investment in Merit Scholarship, Albert E. Wischmeyer Memorial Scholarship, and Bureau of Indian Affairs Scholarship. Interestingly, almost all of the students at ACPHS receive some sort of financial aid, and the total amount of assistance/loans provided totals more than $4,727,638 in a year. For additional information about financial assistance schemes, one can head over to ACPHS’s financial aid page at http://www.acphs.edu/admissions/financial-aid. At ACPHS, the total percentage of applicants who receive the Federal Grant stands at 30%. Meanwhile, 100% of the applicants receive the Student Grant and 100% are awarded the Institution Grant, while 30% of the students get the Pell Grant. While the Federal Grant awardees receive an average aid of $5,784, the State Grant receivers and Institution Grant beneficiaries get $2,881 and $15,149, respectively. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,600. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. On average, students with an annual family income of less than $30,000 will obtain a federal aid of $24,487 per year. The average aid amount stands at $19,868 for an annual family income between $30,001 and $48,000. This amount comes to $16,794 for those who fall under the $48,001-$75,000 family income bracket. Meanwhile, the average federal aid for students in the $75,001-$110,000 income bracket is $13,079. And, for those with a family income of more than $110,000, the amount stands at $12,825. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. 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 ACPHS, an estimated number of 92% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

35%

State Grant Aid

49%

Institution Grant Aid

100%

Pell Grant

35%

Average Aid Awarded

Federal Grant Aid

$5,511

State Grant Aid

$3,997

Institution Grant Aid

$13,631

Pell Grant

$4,672

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$22,758

$30,001 - $48,000

$18,679

$48,001 - $75,000

$17,958

$75,001 - $110,000

$16,414

Over $110,000

$15,702

Student Loans for Albany College of Pharmacy and Health Sciences (ACPHS)

Average Loan Amount Average Loan Amount received per year.

$11,346/Year

Students Taking Out Loans

84%

Loan Default Rate

0.5%

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