Arcadia University Financial Aid and Scholarships
Students Receiving Aid
84%
Total Aid Amount
$53.514M
Financial Aid Official Website
https://www.arcadia.edu/admissions/financial-aid-scholarships
As many as 99% of the students at AU get some sort of financial aid, and the total amount of assistance/loans provided is more than $10,398,234 in a year. At AU, the total percentage of applicants who receive the Federal Grant stands at 43%. Meanwhile, 99% of the applicants receive the Student Grant and 96% are awarded the Institution Grant, while 43% of the students get the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $5,043, while the same comes to $3,626 for State Grant receivers and $27,315 for Institution Grant awardees. And, for the Pell Grant awardees, the average aid amount is $4,594. 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. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. However, student loans attract a certain rate of interest at which the funds are borrowed. Moreover, the funds received through these loans will have to be repaid within a given timeframe. At Arcadia University, the percentage of candidates who opt to avail of student loans is around 80%.
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