$5,123

Avg. Federal Grant

$5,639

Avg. Federal Loan

$23,131,180

Total Aid Awarded

Auburn University of Montgomery (AUM) Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

72%

Total Aid Amount Average Total Aid Awarded per year.

$23.131M

Financial Aid Official Website

www.aum.edu/admissions/scholarships-and-financial-aid/financial-aid

As many as 98% of the students at AUM get some sort of financial aid, and the total amount of assistance/loans provided is more than $17,193,005 in a year. Notably, a total of 56% of the applicants to Auburn University at Montgomery receive the Federal Grant every year. On the other hand, 93% of the candidates get the Student Grant, 89% receive the Institution Grant, and 56% get the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $5,386, while the same comes to $798 for State Grant receivers and $2,851 for Institution Grant awardees. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $5,192. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. 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. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. At AUM, an estimated number of 62% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

52%

State Grant Aid

2%

Institution Grant Aid

86%

Pell Grant

52%

Average Aid Awarded

Federal Grant Aid

$5,123

State Grant Aid

$575

Institution Grant Aid

$3,341

Pell Grant

$5,052

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$7,414

$30,001 - $48,000

$5,970

$48,001 - $75,000

$3,557

$75,001 - $110,000

$2,420

Over $110,000

$2,950

Student Loans for Auburn University of Montgomery (AUM)

Average Loan Amount Average Loan Amount received per year.

$5,639/Year

Students Taking Out Loans

55%

Loan Default Rate

10.4%

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