$4,630

Avg. Federal Grant

$8,259

Avg. Federal Loan

$16,843,659

Total Aid Awarded

Alderson Broaddus University Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

98%

Total Aid Amount Average Total Aid Awarded per year.

$16.844M

Financial Aid Official Website

ab.edu/financial-aid/

It is interesting to note that, every year, around 99% of students at ABU receive some kind of financial aid, while the total amount of assistance/loans provided is $6,558,955. Notably, a total of 59% of the applicants to Alderson Broaddus University receive the Federal Grant every year. On the other hand, 99% of the candidates get the Student Grant, 99% receive the Institution Grant, and 59% get the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $4,931, while the same comes to $2,806 for State Grant receivers and $17,051 for Institution Grant awardees. And, for the Pell Grant awardees, the average aid amount is $4,715. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. 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 Alderson Broaddus University, the percentage of candidates who opt to avail of student loans is around 88%.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

58%

State Grant Aid

31%

Institution Grant Aid

99%

Pell Grant

58%

Average Aid Awarded

Federal Grant Aid

$4,630

State Grant Aid

$2,958

Institution Grant Aid

$15,404

Pell Grant

$4,453

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$22,077

$30,001 - $48,000

$22,526

$48,001 - $75,000

$19,884

$75,001 - $110,000

$16,296

Over $110,000

$11,464

Student Loans for Alderson Broaddus University

Average Loan Amount Average Loan Amount received per year.

$9,021/Year

Students Taking Out Loans

84%

Loan Default Rate

13.2%

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