$5,287

Avg. Federal Grant

$6,581

Avg. Federal Loan

$51,371,493

Total Aid Awarded

Augsburg University Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

88%

Total Aid Amount Average Total Aid Awarded per year.

$51.371M

Financial Aid Official Website

www.augsburg.edu/studentfinancial

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 $12,285,248. At AU, the total percentage of applicants who receive the Federal Grant stands at 56%. Meanwhile, 100% of the applicants receive the Student Grant and 100% are awarded the Institution Grant, while 55% of the students get the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $5,406, while the same comes to $5,558 for State Grant receivers and $20,444 for Institution Grant awardees. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,650. 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. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund 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 AU, an estimated number of 91% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

51%

State Grant Aid

65%

Institution Grant Aid

100%

Pell Grant

51%

Average Aid Awarded

Federal Grant Aid

$5,287

State Grant Aid

$5,380

Institution Grant Aid

$20,431

Pell Grant

$4,719

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$31,308

$30,001 - $48,000

$32,102

$48,001 - $75,000

$30,424

$75,001 - $110,000

$26,137

Over $110,000

$20,264

Student Loans for Augsburg University

Average Loan Amount Average Loan Amount received per year.

$7,497/Year

Students Taking Out Loans

86%

Loan Default Rate

5.9%

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