To take a decision on which university to choose is very vital for any student and family because it requires lots of analysis to understand and determine which college falls in the point of their income group and what kind of financial aid they receive. That is why the financial breakdown is performed for family incomes, which have been categorized into 5 income groups. This can potentially help you in making decisions on which financial aid to apply for, and can also help give you a clearer picture on the overall analysis.
The average federal assistance received for a student with a family income ranging from $0-$30,000 is $42,669, while a student with a family income ranging from $ 30,001-$48,000 is $43,080. The student has a family income ranging from $48,001-$75,000; the average federal aid received by them is $37,466. In contrast, the student with an annual income ranging from $75,001-$110,000 the average federal aid is around $31,289 is given. The student has an annual income level of over $110,000; the average amount of federal aid provided is $18,355 which decreased sharply by the previous income range group.