$4,652

Avg. Federal Grant

$5,429

Avg. Federal Loan

$44,390,268

Total Aid Awarded

Anderson University Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

86%

Total Aid Amount Average Total Aid Awarded per year.

$44.390M

Financial Aid Official Website

www.andersonuniversity.edu/finaid.aspx?

Anderson University financial aid is offered from the accumulated funds of various generous donors towards the institutional reserves. Higher education can often be a real pain in terms of the high expense rates. As a prospective student, you might also be worried about the return on your investment for higher education. At this university, you get the education worth the cost structure. 

You also do not have to worry about the placements and the career enhancement that you are sure to receive here. The university offers you a number of options for funding your course through loans, scholarships, grants, student employments and exchange programs. We recommend you to take a look at Anderson University Financial Aid which might further clear many ambiguities that you have regarding the financial aid.

Scholarships 

Merit Scholarships

These scholarships are awarded on the basis of academic intelligence and excellence reflected in the GPA scores. We have listed few of these merit scholarships below:

  • Edwards Scholarship is awarded to the students with a GPA above 3.75 up to an amount of $16,000.

  • The Nicholson Scholarship is for the candidates who have achieved a GPA within the range of 3.50 to 3.74 of an amount of $14,000 annually.

  • Reardon Scholarship allows a sum of $11,000 to those candidates securing a GPA of ranging between 3.25 and 3.49.

Institutional Scholarships

These scholarships are provided both on the basis of academic talents and financial needs. Around 500 such institutional scholarships are made available to you by Anderson University. Few of them are listed below:

  • The BPA Scholarship offers $1,000 to the candidates with a minimum GPA of 2.5 and who have also shown interest in participating in any State competition

  • The Centre For Leadership Development Scholarship covers the complete cost of tuition and fees on maintaining the criteria.

  • The Honors Program Scholarship is offered to the undergraduate candidates as the name suggests. The amount of this scholarship is usually $500 and is also renewable.

  • Matching Church Scholarship provides a sum of $1,500 per candidate.

  • The transfer students can avail the Phi Theta Kappa Scholarship of $2,000.

  • Freshmen students are free to apply for the President’s Academic Scholarship of $5,000.

Anderson Scholarships provides you with an exhaustive list of scholarships you could take up during your time as a student.

External Scholarships

The university recommends a few external scholarships that might be helpful to you. A reasonable amount of research is required here about the eligibility details and the sum provided by these scholarships. You can visit FastWEB and Graduate Tutor, which are scholarship databases recommended by the university, if you would like to learn some more about these external scholarships available. 

Grants

Federal Grants

  • Federal Pell Grant can be applied for in the event of financial need. These grants can provide an amount of $6,195 as per the previous records of the university. FAFSA is required for availing these grants and also a consistency in academic performance is a must.

  • Federal Supplemental Educational Opportunity Grant is also based on financial needs and can offer up to a sum of $4,000.

  • TEACH Grants is a non-need-based grant provided to those who are committed to adopt teaching as their future career in a low-income subject area.

State Grants

Indiana State Grants are offered by the Indiana Commission for Higher Education (CHE). An amount of $9,000 is offered to the residential candidates of the state.

Institutional Grants

The Anderson University Grants are offered based on financial need of the recipients. In order to be eligible, the students must make sure of maintaining academic progress. The amount for these grants can range between $100 to $10,000.

If you'd like more information on the grants offered, please take a look at Anderson Grants.

Loans

One important fact that should be taken due consideration of is, the liability of the interest while applying for a loan. The university gives you an opportunity to apply for undergraduate or graduate  federal loans which are of two types- the subsidized and the unsubsidized loans.

PLUS Loans can also be helpful in case of extreme financial crisis. You may also draw up a loan in the name of your parents under Parent Loans facility.

Apart from these, private loans are always available if you are willing to apply for a loan. You might visit this link for reading more details about student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

26%

State Grant Aid

76%

Institution Grant Aid

99%

Pell Grant

26%

Average Aid Awarded

Federal Grant Aid

$4,652

State Grant Aid

$7,077

Institution Grant Aid

$13,314

Pell Grant

$4,377

64% of students opt for a student loan and the default rate is also very less at just 5.5%. You can get an average sum of $7,390 as a student loan as per the past records. Eligible candidates also receive the federal loan of $5,429 on an average.

Anderson University dedicates an amount of $44,390,268 as financial aid to their prospective and continuing students in order to build their career base. 86% of candidates rely on such financial aids.

When it comes to the different types of grants, the majority of the students receive institutional grants about nearly 99% of them. The average amount of these institutional grants amount to $13,314. The state-grants cater to 76% of the students with an amount of $7,077 on an average.

The Federal grants and Pell grants allow up to an amount of $4,652 and $4,377 respectively to 26% of the candidates.

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$22,972

$30,001 - $48,000

$22,778

$48,001 - $75,000

$20,497

$75,001 - $110,000

$18,899

Over $110,000

$17,724

To clarify your views with regards to the Anderson University financial aid, we also present the financial aid amount to you on the basis of your family income range. From the following data, you may also note that the amount of financial aid you receive is inversely proportional to your family income bracket.

  • If your family income range falls somewhere under $30,000 you can access financial aid up to a value of $22,972. 

  • In case you are between the range of $30,001 and $48,000 the amount up to which you may get financial aid is approximately $22,778

  • For a family income bracket of $48,001 to $75,000 you can get an aid of $20,497

  • Furthermore, if your income lies between $75,001 and $110,000 your financial aid goes down to $18,899

  • Similarly, family income ranging above $110,000 will fetch you a small amount of financial aid of about $17,724.

Student Loans for Anderson University

Average Loan Amount Average Loan Amount received per year.

$7,390/Year

Students Taking Out Loans

64%

Loan Default Rate

5.5%

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