$4,886

Avg. Federal Grant

$5,177

Avg. Federal Loan

$69,790,335

Total Aid Awarded

Austin Peay State University Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

88%

Total Aid Amount Average Total Aid Awarded per year.

$69.790M

Financial Aid Official Website

www.apsu.edu/financialaid

Austin Peay State University’s Office of Student Federal Aid follows the Statement of Ethical Principles, Code of Conduct, and the Principles of Excellence. The office is designed to uphold the University’s goals, mission, and vision. For its applicants, APSU provides access to Federal, University, and Donor aids to help them in enrollment and graduation. APSU supports the timely delivery of financial aid to its students for sound enrollment. Along with effective communication, the university desires to offer support through counseling and outreach.

To apply for financial aid, students must complete the Free Application for Federal Student Aid(FAFSA) at www.fafsa.gov.  The FAFSA opens on October 1 and students must reapply each year to receive financial aid. The priority deadline for FAFSA being February 1.  APSU offers Scholarships to students which is an exemplary way to fund their education. Scholarship opportunities offered by APSU are Academic Scholarships, APSU Scholarships, Tennessee Lottery Programs, and Tennessee Promise.

While applying for financial aid, students must be familiar with COA and EFC. COA(Cost of Attendance) is based on the allowance for direct costs, including tuition and fees, indirect costs, including housing, meals, etc. EFC(Expected Family Contribution) is the amount a family is able to contribute towards the college expenses of students. The Federal Pell Grant is available to students seeking Associate’s or Bachelor’s degree. On the other hand, Federal Direct Student Loans are debts that must be repaid.

The average Federal Grant, State Grant, and Institution Grant aid offered to students at APSU is $4,886, $4,410, and $5,951 respectively. The percentage of students receiving Financial Aid is 88%

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

57%

State Grant Aid

85%

Institution Grant Aid

22%

Pell Grant

57%

Average Aid Awarded

Federal Grant Aid

$4,886

State Grant Aid

$4,410

Institution Grant Aid

$5,951

Pell Grant

$4,820

With Institutional grants having the contribution percentage of 22% with an average aid amount of $5951. Federal and pell grants having the contribution percentage of 57% with an average aid of $4886 and $4820 respectively and state grants having 85% with an amount of $4410.

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$11,127

$30,001 - $48,000

$9,681

$48,001 - $75,000

$5,751

$75,001 - $110,000

$4,608

Over $110,000

$4,208

The table shows the amount of aid provided based on family income :

It is basically to help the students get the degree irrespective of their financial background. For those whose family income is under $30,000 can expect the highest amount of aid i.e $11,127, family income between $30001 to $48000 can expect the aid of $9,681.

Candidate's family income between $48001 to $75000 can expect $5,751 and $75001 to $110000 gets the aid of $4608 and family income over $110000 can expect the amount of $4,208 that is the lowest amount of aid provided.

Student Loans for Austin Peay State University

Average Loan Amount Average Loan Amount received per year.

$5,699/Year

Students Taking Out Loans

58%

Loan Default Rate

12.4%

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