$5,257

Avg. Federal Grant

$5,811

Avg. Federal Loan

$24,536,466

Total Aid Awarded

Albany State University Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

66%

Total Aid Amount Average Total Aid Awarded per year.

$24.536M

Financial Aid Official Website

https://www.asurams.edu/financial-aid-home/

Among them are scholarship programs such as ASU Foundation Scholarship, Constance L. Lloyd/ACMPE Scholarship, Georgia Public Safety Memorial Grant, and HERO Scholarship Program (Helping Educate Reservists and their Offspring). It is interesting to note that, every year, around 96% of students at ASU receive some kind of financial aid, while the total amount of assistance/loans provided is $25,069,771. One can visit ASU's financial aid page at https://www.asurams.edu/financial-aid-home/ for more information. The total percentage of candidates applying to Albany State University who receive the Federal Grant is 81%. On the other hand, 88% of the candidates get the Student Grant, 12% receive the Institution Grant, and 81% get the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $5,538, while the same comes to $3,262 for State Grant receivers and $4,679 for Institution Grant awardees. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,844. Among other things, the annual family income of the applicant plays a major role in determining the total financial aid they are actually eligible to receive. 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. Candidates are also required to repay these loans within a given period. At Albany State University, the percentage of candidates who opt to avail of student loans is around 83%.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

80%

State Grant Aid

24%

Institution Grant Aid

12%

Pell Grant

80%

Average Aid Awarded

Federal Grant Aid

$5,257

State Grant Aid

$3,569

Institution Grant Aid

$6,610

Pell Grant

$5,144

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$6,742

$30,001 - $48,000

$5,678

$48,001 - $75,000

$2,644

$75,001 - $110,000

$1,345

Over $110,000

$1,887

Student Loans for Albany State University

Average Loan Amount Average Loan Amount received per year.

$5,943/Year

Students Taking Out Loans

85%

Loan Default Rate

13.3%

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