$4,969

Avg. Federal Grant

$5,536

Avg. Federal Loan

$53,513,549

Total Aid Awarded

Arcadia University Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

84%

Total Aid Amount Average Total Aid Awarded per year.

$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%.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

39%

State Grant Aid

39%

Institution Grant Aid

97%

Pell Grant

39%

Average Aid Awarded

Federal Grant Aid

$4,969

State Grant Aid

$3,125

Institution Grant Aid

$26,417

Pell Grant

$4,596

The financial aid breakdown includes Federal Grants, Pell Grants, state grants, and institutional grants, with institutional grants having the highest contribution of 97% with an average aid amount being $26,417.

Pell grants have a percentage of 39% with an average aid amount of $4,596 which is higher than the State grant aid average of $3,125

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$36,271

$30,001 - $48,000

$34,669

$48,001 - $75,000

$33,069

$75,001 - $110,000

$31,649

Over $110,000

$29,123

Lower the family income higher is the amount of aid one can expect to receive. For those students who have a family income under $30,000 can expect to receive an aid amount of $36,271 while those with family income over $110,000 can expect to receive an aid amount of $29,123. This helps students who are coming from low-income homes to pay for their degree.

Student Loans for Arcadia University

Average Loan Amount Average Loan Amount received per year.

$10,062/Year

Students Taking Out Loans

84%

Loan Default Rate

3.8%

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