Benedictine University Financial Aid and Scholarships
Students Receiving Aid
85%
Total Aid Amount
$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.
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