Alcorn State University Financial Aid and Scholarships
Students Receiving Aid
89%
Total Aid Amount
$31.213M
Financial Aid Official Website
www.alcorn.edu/admissions/financial-aid
Notably, 88% of the students at Alcorn State University get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $16,929,330. For additional information about financial assistance schemes, one can head over to ASU’s financial aid page at http://www.alcorn.edu/admissions/financial-aid. The total percentage of candidates applying to Alcorn State University who receive the Federal Grant is 70%. In comparison, 88% of the students are awarded the Student Grant, 47% get the Institution Grant, and 70% of the applicants receive the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $5,917, while the same comes to $2,991 for State Grant receivers and $8,450 for Institution Grant awardees. And, for the Pell Grant awardees, the average aid amount is $5,494. 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. However, student loans attract a certain rate of interest at which the funds are borrowed. Moreover, the funds received through these loans will have to be repaid within a given timeframe. At Alcorn State University, the percentage of candidates who opt to avail of student loans is around 69%.
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