$6,072

Avg. Federal Grant

$6,543

Avg. Federal Loan

$34,014,751

Total Aid Awarded

Augustana University Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

96%

Total Aid Amount Average Total Aid Awarded per year.

$34.015M

Financial Aid Official Website

www.augie.edu/admission/financing-your-education

Interestingly, almost all of the students at AU receive some sort of financial aid, and the total amount of assistance/loans provided totals more than $8,069,691 in a year. For additional information about financial assistance schemes, one can head over to AU’s financial aid page at http://www.augie.edu/admission/financing-your-education. Notably, a total of 20% of the applicants to Augustana University receive the Federal Grant every year. On the other hand, 100% of the candidates get the Student Grant, 100% receive the Institution Grant, and 20% get the Pell Grant. While the Federal Grant awardees receive an average aid of $6,339, the State Grant receivers and Institution Grant beneficiaries get $1,580 and $20,541, respectively. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,359. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. Students whose family income per annum is less than $30,000 will receive a federal aid of $24,116 on average in a year. The average aid amount stands at $26,337 for an annual family income between $30,001 and $48,000. This amount comes to $25,228 for those who fall under the $48,001-$75,000 family income bracket. On the other hand, the average federal aid stands at $22,106 for those with an annual family income between $75,001 and $110,000, and at $19,106 for an income more than $110,000. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for their education. 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 AU, an estimated number of 66% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

22%

State Grant Aid

30%

Institution Grant Aid

100%

Pell Grant

21%

Average Aid Awarded

Federal Grant Aid

$6,072

State Grant Aid

$1,593

Institution Grant Aid

$20,136

Pell Grant

$4,305

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$26,584

$30,001 - $48,000

$24,430

$48,001 - $75,000

$23,337

$75,001 - $110,000

$20,424

Over $110,000

$20,994

Student Loans for Augustana University

Average Loan Amount Average Loan Amount received per year.

$9,178/Year

Students Taking Out Loans

64%

Loan Default Rate

0.4%

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