$5,284

Avg. Federal Grant

$7,897

Avg. Federal Loan

$4,821,207

Total Aid Awarded

Allen University Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

95%

Total Aid Amount Average Total Aid Awarded per year.

$4.821M

Financial Aid Official Website

www.allenuniversity.edu/admissions/#tuition_aid

Among them are scholarship programs such as C.G. Fuller Foundation Scholarship, LinkScholars Program, Palmetto Fellows Scholarship, and South Carolina HOPE Scholarship. It is interesting to note that, every year, around 97% of students at AU receive some kind of financial aid, while the total amount of assistance/loans provided is $4,643,629. The total percentage of candidates applying to Allen University who receive the Federal Grant is 86%. Meanwhile, 95% of the applicants receive the Student Grant and 77% are awarded the Institution Grant, while 86% of the students get the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $5,484, while the same comes to $4,397 for State Grant receivers and $3,716 for Institution Grant awardees. And, for the Pell Grant awardees, the average aid amount is $5,131. 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. Every year, around 89% of the applicants to Allen University opt for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

91%

State Grant Aid

47%

Institution Grant Aid

53%

Pell Grant

90%

Average Aid Awarded

Federal Grant Aid

$5,284

State Grant Aid

$3,672

Institution Grant Aid

$4,039

Pell Grant

$4,960

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$9,571

$30,001 - $48,000

$8,307

$48,001 - $75,000

$6,980

$75,001 - $110,000

$5,288

Over $110,000

$5,646

Student Loans for Allen University

Average Loan Amount Average Loan Amount received per year.

$7,897/Year

Students Taking Out Loans

93%

Loan Default Rate

10.3%

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