$5,208

Avg. Federal Grant

$5,516

Avg. Federal Loan

$65,150,333

Total Aid Awarded

Arkansas State University Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

74%

Total Aid Amount Average Total Aid Awarded per year.

$65.150M

Financial Aid Official Website

www.astate.edu/finaid

Notably, 97% of the students at Arkansas State University-Main Campus get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $33,417,709. One can visit ASUMC's financial aid page at http://www.astate.edu/finaid for more information. Notably, a total of 41% of the applicants to Arkansas State University-Main Campus receive the Federal Grant every year. On the other hand, 95% of the candidates get the Student Grant, 78% receive the Institution Grant, and 41% get the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $5,329, while the same comes to $1,522 for State Grant receivers and $7,391 for Institution Grant awardees. On the other hand, the average aid received by the Pell Grant awardees is $5,061. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for their education. However, student loans attract a certain rate of interest at which the funds are borrowed. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. At Arkansas State University-Main Campus, the percentage of candidates who opt to avail of student loans is around 55%.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

41%

State Grant Aid

74%

Institution Grant Aid

77%

Pell Grant

41%

Average Aid Awarded

Federal Grant Aid

$5,208

State Grant Aid

$1,388

Institution Grant Aid

$6,791

Pell Grant

$4,979

Arkansas State University provides multiple aids to students which gives them an opportunity to complete their education.  These aids are contributions from the Arkansas State University side for students' education. The total aid awarded by the university comes up to $65,150,333 and the percentage of students who receive the aid stands at about 74%.

  • Federal Grant average aid is $5,208,with the percentage of students receiving it standing at 41%.

  • Pell Grant average aid is $4,979 and the percentage of students receiving it is 41%.

  • 74% of students receive State Grants that contain an average aid of $1,388.

  • Institution Grant average aid worth an average of $6,791 is received by 77% of students applying for it.

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$9,999

$30,001 - $48,000

$9,834

$48,001 - $75,000

$7,548

$75,001 - $110,000

$4,820

Over $110,000

$4,584

The average federal aid in Arkansas State University is calculated according to the family income of the student. Depending on the financial aid available to the family or the student, the income bracket may either pay more or less than the overall average costs.

Family Income ranging between $0 to 30,000 is a bit higher as the need is also high in that so the aid provided is almost $10,000. Slight change is observed with the changing range from $30,001 to 48,000; the aid provided for it is $9,834. For incomes between $48,001 to 75,000, the aid provided is $7,548. When the income range increases, the aid amount decreases to $4,820. Incomes beyond $110,000 receive an aid amount of $4,584.

Student Loans for Arkansas State University

Average Loan Amount Average Loan Amount received per year.

$6,059/Year

Students Taking Out Loans

57%

Loan Default Rate

5.9%

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