Augsburg University Financial Aid and Scholarships
Students Receiving Aid
88%
Total Aid Amount
$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.
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