$5,295

Avg. Federal Grant

$5,874

Avg. Federal Loan

$31,789,054

Total Aid Awarded

Alfred University Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

91%

Total Aid Amount Average Total Aid Awarded per year.

$31.789M

Financial Aid Official Website

www.alfred.edu/finaid/

Such schemes include Aid to Native Americans, Albert E. Wischmeyer Memorial Scholarship, Alfred University - Achievement and Investment in Merit Scholarship, and Art Portfolio Scholarship. Notably, almost all of the university students get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $7,523,784. For additional information about financial assistance schemes, one can head over to AU’s financial aid page at http://www.alfred.edu/finaid/. Notably, a total of 51% of the applicants to Alfred University receive the Federal Grant every year. On the other hand, 100% of the candidates get the Student Grant, 100% receive the Institution Grant, and 51% get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $5,195, and the same stands at $3,687 for State Grant awardees and $18,618 for Institution Grant recipients. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,587. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. Students whose family income per annum is less than $30,000 will receive a federal aid of $24,533 on average in a year. Candidates who come under the $30,001-$48,000 family income bracket receive an average aid of $21,694, while those falling in the $48,001-$75,000 income category get $21,349 a year. Meanwhile, the average federal aid for students in the $75,001-$110,000 income bracket is $19,402. And, for those with a family income of more than $110,000, the amount stands at $14,858. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for their education. In contrast to grants and scholarships, student loans are taken by the candidates at a certain rate of interest. Moreover, the funds received through these loans will have to be repaid within a given timeframe. At Alfred University, the percentage of candidates who opt to avail of student loans is around 83%.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

50%

State Grant Aid

52%

Institution Grant Aid

100%

Pell Grant

50%

Average Aid Awarded

Federal Grant Aid

$5,295

State Grant Aid

$3,263

Institution Grant Aid

$18,071

Pell Grant

$4,571

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$29,139

$30,001 - $48,000

$26,502

$48,001 - $75,000

$25,197

$75,001 - $110,000

$21,385

Over $110,000

$16,508

Student Loans for Alfred University

Average Loan Amount Average Loan Amount received per year.

$8,330/Year

Students Taking Out Loans

84%

Loan Default Rate

5.6%

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