$4,635

Avg. Federal Grant

$5,625

Avg. Federal Loan

$40,785,167

Total Aid Awarded

Benedictine University Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

85%

Total Aid Amount Average Total Aid Awarded per year.

$40.785M

Financial Aid Official Website

www.ben.edu/financial-aid/

Among them are scholarship programs such as AMVETS Post #100 Scholarship, Arthur J. Schmitt Foundation Endowed Scholarship, August & Edna Zahatko Scholarship, and Bernice P. and Paul W. Brandel General Scholarship. Interestingly, almost all of the students at BU receive some sort of financial aid, and the total amount of assistance/loans provided totals more than $12,500,893 in a year. One can visit BU's financial aid page at http://www.ben.edu/financial-aid/ for more information. Notably, a total of 43% of the applicants to Benedictine 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 43% get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $4,969, and the same stands at $4,424 for State Grant awardees and $17,136 for Institution Grant recipients. On the other hand, the average aid received by the Pell Grant awardees is $4,555. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. On average, students with an annual family income of less than $30,000 will obtain a federal aid of $23,288 per year. The average aid amount stands at $20,186 for an annual family income between $30,001 and $48,000. This amount comes to $19,307 for those who fall under the $48,001-$75,000 family income bracket. Those with an annual income level of $75,001-$110,000 would receive $16,633, while candidates with more than $110,000 of family income receive an average federal aid of $15,254. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund their education. But, they should understand that student loans are borrowed at a certain rate of interest, unlike grants and scholarships. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. Every year, around 68% of the applicants to Benedictine University opt for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

44%

State Grant Aid

37%

Institution Grant Aid

99%

Pell Grant

44%

Average Aid Awarded

Federal Grant Aid

$4,635

State Grant Aid

$4,497

Institution Grant Aid

$15,185

Pell Grant

$4,493

As shown in the table the breakdown includes Federal Grants, Pell Grants, state grants and institutional grants, with federal grants having the percentage contribution of 44% with an average aid amount being $4635.

Pell grants have a percentage of 44% with an average aid amount of $4493 which is higher than the State grant aid average of $4497.

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$23,183

$30,001 - $48,000

$20,454

$48,001 - $75,000

$19,414

$75,001 - $110,000

$19,613

Over $110,000

$14,852

As shown in the table lower the family income higher is the amount of aid one can expect to receive. For those students who have a family income under $30,000 can expect to receive an aid amount of $23183while those with family income over $110,000 can expect to receive an aid amount of $14852.This helps students who are coming from low income homes to pay for their degree.

Student Loans for Benedictine University

Average Loan Amount Average Loan Amount received per year.

$7,122/Year

Students Taking Out Loans

69%

Loan Default Rate

5%

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