$5,999

Avg. Federal Grant

$5,402

Avg. Federal Loan

$51,178,681

Total Aid Awarded

Barry University Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

81%

Total Aid Amount Average Total Aid Awarded per year.

$51.179M

Financial Aid Official Website

https://www.barry.edu/future-students/undergraduate/financial-aid/contact-us.html

Barry University offers many scholarships and grants of different types, such as need-based, on scholastic achievement, and athletic grants.

Scholarships

State Scholarships

  • Florida Bright Futures Scholarship Programme:  Futures Scholarship Programme is the scholarship programme in the state of Florida. The programme funds three scholarships available to Florida residents who attend a Florida high school and an eligible post-secondary institution.

  • Florida Academic Scholars: Requires a minimum weighted GPA of 3.5, an ACT composite score of 29, or SAT combined reading/math score of 1290 (1330 as starting in 2021), and 100 volunteer service hours.

  • Florida Medallion Scholars: Requires minimum weighted GPA of 3.0, an ACT composite score of 26 (25 starting in 2021), or SAT combined reading/math score of 1170 (1210 starting in 2021), and 75 service hours

  • Florida Gold Seal Vocational Scholars: Requires minimum weighted GPA of 3.0; available to students pursuing a career education or certificate programme. The Florida Gold Seal CAPE Scholars funds up to 60 credit hours for a bachelor of science or bachelor of applied science programme following completion of the corresponding associate degree.

Institutional Scholarships

  • Barry Scholarships: The scholarship is awarded annually to talented incoming freshmen and transfer students based on their scholastic achievement. These scholarships may be renewable, based on the student’s academic progress and eligibility score.

The Barry University Scholarship System helps students find scholarship opportunities. The student can complete one single application each semester to create their profile and automatically get considered for Barry University scholarships. Anyone can search the system to see what scholarship opportunities are available.

To know about scholarship documents related to students with disabilities, visit our blog.

To know about all the other documents required for scholarships visit our blog here.

 

Grants

  • Federal Pell Grants: Federal Pell Grants are awarded only to undergraduate students who display exceptional financial need and have not earned a bachelor’s, graduate, or professional degree. A Federal Pell Grant, unlike a loan, does not have to be repaid, except under certain circumstances. The amounts of the Federal Pell Grants can change yearly. The maximum Federal Pell Grant award is $6,345 for the 2020-21 award year. More about eligibility and other requirements for Federal Pell Grants can be found here.

  • Federal Stafford Loans: The Stafford Loan is a student loan offered to eligible students enrolled in accredited American Institutions of Higher Education to help finance their education. The terms of loans are described in Title IV of Higher Education Act of 1965 (with subsequent amendments), which guarantees repayment to the lender if the student defaults. The loans are offered at a lower interest rate than the borrower would otherwise be able to get for a private loan.

  • Florida Resident Access Grants: The William L. Boyd, IV, Florida Resident Access Grant is a tuition assistance programme for students registered at eligible, independent, non-profit colleges and universities in Florida. The Bureau of Student Financial Assistance within the department of education oversees the programme. Florida residents who enrol full-time as undergraduates at selected independent colleges and universities in the state may be eligible for the FRAG. Students enrolled in theology or divinity programmes are not eligible to receive a grant. The award is not need-based.

  • Florida Student Assistant Grant: The Florida Student Assistant Grant is a need-based grant programme available for degree-seeking, resident, undergraduate students who contest substantial financial need and are enrolled in participating postsecondary institutions.

  • Barry Access Grants: These grants are awarded to those students who contest financial need as determined by the results Free Application for Federal Student Aid (FAFSA). The award amounts may vary and are on a first-come-first-serve basis.

Athletic Grants: Athletic grants are awarded by Barry University to those outstanding athletic ability. The students who are interested in these grants should contact the appropriate head coach or the Department of Intercollegiate Athletics.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

74%

State Grant Aid

54%

Institution Grant Aid

100%

Pell Grant

71%

Average Aid Awarded

Federal Grant Aid

$5,999

State Grant Aid

$4,885

Institution Grant Aid

$17,233

Pell Grant

$4,846

Over 90% of the student body receives some form of financial assistance at Barry University. The university manages approximately $150 million in student financial aid for eligible students, from a variety of sources.

Here is a detailed breakdown of the financial aid received by the students at Barry University:

  • The average Federal loan received by students at Barry University is $5,402.

  •  Almost 74% of students receive the Federal grant aid of $5,999.

  • Pell grants are received by approximately 71% of students and the amount offered is around $4,846.

  • The State grant aid is received by approximately 54% of the students with a total average amount of $4,885.

  • The institutional grant aid is received by almost all students with the total average amount of $17,233.

Get more information on Federal and private loans and other loan-related queries here.

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$27,367

$30,001 - $48,000

$26,874

$48,001 - $75,000

$23,817

$75,001 - $110,000

$19,532

Over $110,000

$15,033

As stated above, the students at Barry University receive financial aid based on their contested needs. Below is the consolidated data on how much financial aid a student should expect based on their family income bracket:

Students whose family income is below $30,000 or fall between $30,001 and $48,000 may expect an average aid amount of $27,367 and $26,874 respectively. The average aid for students whose family income is in the bracket of $48,001 and $75,000 may expect an average aid of $23,817.

Higher-income brackets may not avail as much and receive an average of $19,532 and $15,033 for the income brackets of $75,001 to $110,000 and $110,000 plus respectively.

Student Loans for Barry University

Average Loan Amount Average Loan Amount received per year.

$6,277/Year

Students Taking Out Loans

69%

Loan Default Rate

4.7%

The student loan is a kind of financial aid that has to be paid back within a stipulated period. Around 69% of Barry University students opt for a student loan with a loan default rate of 4.7%. They receive an average amount of $6,277. 

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