$5,075

Avg. Federal Grant

$5,915

Avg. Federal Loan

$21,311,847

Total Aid Awarded

Asbury University Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

86%

Total Aid Amount Average Total Aid Awarded per year.

$21.312M

Financial Aid Official Website

www.asbury.edu/offices/financial-aid

Students can avail of scholarships provided by the university, such as Asbury College Alumni Honors Award, Asbury University - Tuition Waiver Exchange Program, Educational Foundation of the KYCPA Scholarships, and Florida Student Assistance Grant Program (FSAG), if they find educational expenses to be on the higher side. It is interesting to note that almost every student at AU receives some kind of financial aid, while the total amount of provided assistance/loans in a year is $6,007,417. The total percentage of candidates applying to Asbury University who receive the Federal Grant is 33%. Meanwhile, 100% of the applicants receive the Student Grant and 98% are awarded the Institution Grant, while 33% of the students get the Pell Grant. While the Federal Grant awardees receive an average aid of $5,026, the State Grant receivers and Institution Grant beneficiaries get $4,621 and $13,791, respectively. On the other hand, the average aid received by the Pell Grant awardees is $4,118. 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. 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. Every year, around 61% of the applicants to Asbury University opt for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

33%

State Grant Aid

50%

Institution Grant Aid

97%

Pell Grant

33%

Average Aid Awarded

Federal Grant Aid

$5,075

State Grant Aid

$4,404

Institution Grant Aid

$13,289

Pell Grant

$4,410

As shown in the table the breakdown includes Federal Grants, Pell Grants, state grants and institutional grants. Institutional grants have the highest percentage contribution of 97% with an average aid amount being $13289.

Pell grants and Federal grant have a percentage of 33% with an average aid amount of $4410 and $5075, respectively. State grants have a percentage of 50% with an aid average of $4404.

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$17,995

$30,001 - $48,000

$17,233

$48,001 - $75,000

$11,549

$75,001 - $110,000

$9,906

Over $110,000

$8,545

As shown in the table 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 $17995 while those with family income over $110,000 can expect to receive an aid amount of $8545. This helps students who are coming from low income homes to pay for their degree.

Student Loans for Asbury University

Average Loan Amount Average Loan Amount received per year.

$7,192/Year

Students Taking Out Loans

69%

Loan Default Rate

6.8%

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