$5,407

Avg. Federal Grant

$4,505

Avg. Federal Loan

$5,952,231

Total Aid Awarded

Arkansas State University - Newport (ASUN) Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

50%

Total Aid Amount Average Total Aid Awarded per year.

$5.952M

Financial Aid Official Website

www.asun.edu/financial_aid

Notably, 86% of the students at Arkansas State University-Newport get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $1,986,650. One can visit ASUN's financial aid page at http://www.asun.edu/financial_aid for more information. Notably, a total of 63% of the applicants to Arkansas State University-Newport receive the Federal Grant every year. Meanwhile, 79% of the applicants receive the Student Grant and 16% are awarded the Institution Grant, while 63% of the students get the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $5,283, while the same comes to $1,032 for State Grant receivers and $1,332 for Institution Grant awardees. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,479. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. 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. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. At ASUN, an estimated number of 14% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

62%

State Grant Aid

36%

Institution Grant Aid

18%

Pell Grant

61%

Average Aid Awarded

Federal Grant Aid

$5,407

State Grant Aid

$1,191

Institution Grant Aid

$1,610

Pell Grant

$5,267

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$6,355

$30,001 - $48,000

$6,050

$48,001 - $75,000

$3,258

$75,001 - $110,000

$2,107

Over $110,000

$1,106

Student Loans for Arkansas State University - Newport (ASUN)

Average Loan Amount Average Loan Amount received per year.

$4,874/Year

Students Taking Out Loans

16%

Loan Default Rate

11.7%