$4,777

Avg. Federal Grant

$6,501

Avg. Federal Loan

$51,080,283

Total Aid Awarded

Arkansas Tech University (ATU) Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

70%

Total Aid Amount Average Total Aid Awarded per year.

$51.080M

Financial Aid Official Website

www.atu.edu/finaid/

It is interesting to note that, every year, around 96% of students at ATU receive some kind of financial aid, while the total amount of assistance/loans provided is $27,310,532. For additional information about financial assistance schemes, one can head over to ATU’s financial aid page at http://www.atu.edu/finaid/. At ATU, the total percentage of applicants who receive the Federal Grant stands at 55%. In comparison, 94% of the students are awarded the Student Grant, 77% get the Institution Grant, and 55% of the applicants receive the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $4,941, while the same comes to $1,308 for State Grant receivers and $4,973 for Institution Grant awardees. And, for the Pell Grant awardees, the average aid amount is $4,557. 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. 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. Candidates are also required to repay these loans within a given period. At ATU, an estimated number of 50% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

55%

State Grant Aid

63%

Institution Grant Aid

50%

Pell Grant

55%

Average Aid Awarded

Federal Grant Aid

$4,777

State Grant Aid

$1,144

Institution Grant Aid

$5,652

Pell Grant

$4,699

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$7,550

$30,001 - $48,000

$7,402

$48,001 - $75,000

$5,201

$75,001 - $110,000

$3,749

Over $110,000

$3,684

Student Loans for Arkansas Tech University (ATU)

Average Loan Amount Average Loan Amount received per year.

$6,860/Year

Students Taking Out Loans

57%

Loan Default Rate

9.1%

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