$4,977

Avg. Federal Grant

$6,156

Avg. Federal Loan

$32,099,615

Total Aid Awarded

Ashland University Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

65%

Total Aid Amount Average Total Aid Awarded per year.

$32.100M

Financial Aid Official Website

https://www.ashland.edu/administration/financial-aid

Such schemes include Alpha Beta Gamma National Business Honor Society Scholarship, Alumnus Grant, Ambassador Award, and Ashbrook Scholarship. It is interesting to note that, every year, around 99% of students at AU receive some kind of financial aid, while the total amount of assistance/loans provided is $14,806,431. More information regarding the financial assistance schemes can be accessed on AU’s official financial aid page at https://www.ashland.edu/administration/financial-aid. The total percentage of candidates applying to Ashland University who receive the Federal Grant is 36%. In comparison, 97% of the students are awarded the Student Grant, 94% get the Institution Grant, and 36% of the applicants receive the Pell Grant. While the Federal Grant awardees receive an average aid of $5,087, the State Grant receivers and Institution Grant beneficiaries get $2,958 and $11,083, respectively. And, for the Pell Grant awardees, the average aid amount is $4,493. 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. Those with a family income below $30,000 per annum, would get an average federal aid of $16,957 in a year. The average aid amount stands at $15,780 for an annual family income between $30,001 and $48,000. This amount comes to $12,252 for those who fall under the $48,001-$75,000 family income bracket. Those with an annual income level of $75,001-$110,000 would receive $9,648, while candidates with more than $110,000 of family income receive an average federal aid of $10,059. 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. Candidates are also required to repay these loans within a given period. At Ashland University, the percentage of candidates who opt to avail of student loans is around 81%.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

36%

State Grant Aid

24%

Institution Grant Aid

93%

Pell Grant

35%

Average Aid Awarded

Federal Grant Aid

$4,977

State Grant Aid

$2,958

Institution Grant Aid

$10,234

Pell Grant

$4,534

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$16,632

$30,001 - $48,000

$16,035

$48,001 - $75,000

$12,585

$75,001 - $110,000

$10,300

Over $110,000

$9,814

Student Loans for Ashland University

Average Loan Amount Average Loan Amount received per year.

$8,135/Year

Students Taking Out Loans

83%

Loan Default Rate

3.7%

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