$4,997

Avg. Federal Grant

$5,356

Avg. Federal Loan

$47,462,684

Total Aid Awarded

Aurora University Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

90%

Total Aid Amount Average Total Aid Awarded per year.

$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%.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

47%

State Grant Aid

47%

Institution Grant Aid

100%

Pell Grant

46%

Average Aid Awarded

Federal Grant Aid

$4,997

State Grant Aid

$4,592

Institution Grant Aid

$11,826

Pell Grant

$4,461

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$20,614

$30,001 - $48,000

$19,836

$48,001 - $75,000

$18,110

$75,001 - $110,000

$14,734

Over $110,000

$12,039

Student Loans for Aurora University

Average Loan Amount Average Loan Amount received per year.

$6,043/Year

Students Taking Out Loans

65%

Loan Default Rate

4.8%

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