Aurora University Financial Aid and Scholarships
Students Receiving Aid
90%
Total Aid Amount
$47.463M
Financial Aid Official Website
www.aurora.edu/admission/financialaid
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 $18,858,612 in a year. The total percentage of candidates applying to Aurora University who receive the Federal Grant is 49%. Meanwhile, 100% of the applicants receive the Student Grant and 100% are awarded the Institution Grant, while 49% of the students get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $4,933, and the same stands at $4,721 for State Grant awardees and $12,146 for Institution Grant recipients. And, for the Pell Grant awardees, the average aid amount is $4,564. 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. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for their education. In contrast to grants and scholarships, student loans are taken by the candidates at a certain rate of interest. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. At Aurora University, the percentage of candidates who opt to avail of student loans is around 65%.
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