$4,620

Avg. Federal Grant

$5,136

Avg. Federal Loan

$63,053,769

Total Aid Awarded

Appalachian State University Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

47%

Total Aid Amount Average Total Aid Awarded per year.

$63.054M

Financial Aid Official Website

financialaid.appstate.edu/

Notably, 70% of the students at Appalachian State University get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $50,265,031. Notably, a total of 27% of the applicants to Appalachian State University receive the Federal Grant every year. On the other hand, 39% of the candidates get the Student Grant, 36% receive the Institution Grant, and 27% get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $4,717, and the same stands at $3,093 for State Grant awardees and $3,786 for Institution Grant recipients. And, for the Pell Grant awardees, the average aid amount is $4,665. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. 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. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. At Appalachian State University, the percentage of candidates who opt to avail of student loans is around 50%.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

26%

State Grant Aid

27%

Institution Grant Aid

35%

Pell Grant

26%

Average Aid Awarded

Federal Grant Aid

$4,620

State Grant Aid

$3,053

Institution Grant Aid

$4,192

Pell Grant

$4,520

The average amount of Federal Loan that you can apply for sums up to an amount of US$5,519. The total aid generally received by the students is US$63,053,769. Only 47% of students apply for such loans.

The federal and Pell grant percentage is about 26% and is an amount of US$4,620 and US$4,520 respectively. The state aid grant provided turns out to be around US$3,053 which is received by almost 27% of the students. The institutional grants however are US$4,192 and it is offered to a total of 35% students.

When we talk about student loans, the average amount of student loans provided amounts to US$5,519 and around 51% students choose to avail students’ loans. The loan default rate is also at a low range of just 3.6%.

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$11,734

$30,001 - $48,000

$9,146

$48,001 - $75,000

$4,910

$75,001 - $110,000

$896

Over $110,000

$373

To ease your tensions with regards to the university’s financial aid, we also present the financial aid amount to you on the basis of your family income range so that you can set your expectations accordingly. One thing that is important to take note of is, the university is pretty generous in terms of considering your income status so hopefully it will not be something to worry about.

If your family income range falls somewhere under US$30,000 you can access financial aid up to a value of US$11,734. In case you are between the range of US$30,001 and US$48,000 the amount up to which you may get financial aid is approximately US$9,146. For a family income bracket of US$48,001 to US$75,000 you can get an aid of US$4,910.

If your income lies between US$75,001 and US$110,000 your financial aid goes down to US$896. Similarly, the further you go up the ladder in terms of income, the lower amount of financial assistance you are going to get. Any income ranging above US$110,000 will fetch you a small amount of financial aid of about US$373 only. The whole concept is to assist those who are more in need of financial aids.

In case you need more details on Financial Aids before planning to apply, you may visit this link.

Student Loans for Appalachian State University

Average Loan Amount Average Loan Amount received per year.

$5,519/Year

Students Taking Out Loans

51%

Loan Default Rate

3.6%

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