Auburn University (AU) Financial Aid and Scholarships
Students Receiving Aid
52%
Total Aid Amount
$113.946M
Financial Aid Official Website
www.auburn.edu/administration/business-finance/finaid/
Students can avail of scholarships provided by the university, such as ASGC Scholarship, Alabama G.I. Dependents' Scholarship, Alumni Association Scholarship, and Board of Trustee's Scholarship, if they find educational expenses to be on the higher side. Notably, 72% of the students at Auburn University get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $47,711,847. One can visit AU's financial aid page at http://www.auburn.edu/administration/business-finance/finaid/ for more information. Notably, a total of 13% of the applicants to Auburn University receive the Federal Grant every year. In comparison, 63% of the students are awarded the Student Grant, 61% get the Institution Grant, and 13% of the applicants receive the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $5,030, while the same comes to $4,283 for State Grant receivers and $8,457 for Institution Grant awardees. And, for the Pell Grant awardees, the average aid amount is $4,677. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. On average, students with an annual family income of less than $30,000 will obtain a federal aid of $11,948 per year. Candidates who come under the $30,001-$48,000 family income bracket receive an average aid of $9,975, while those falling in the $48,001-$75,000 income category get $6,954 a year. Meanwhile, the average federal aid for students in the $75,001-$110,000 income bracket is $4,781. And, for those with a family income of more than $110,000, the amount stands at $3,359. 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 31% of the applicants to Auburn University opt for student loans.
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