$4,935

Avg. Federal Grant

$5,775

Avg. Federal Loan

$79,187,329

Total Aid Awarded

Bradley University Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

94%

Total Aid Amount Average Total Aid Awarded per year.

$79.187M

Financial Aid Official Website

www.bradley.edu/offices/other/sfs

Notably, almost all of the university students get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $19,804,423. For additional information about financial assistance schemes, one can head over to BU’s financial aid page at http://www.bradley.edu/offices/other/sfs. The total percentage of candidates applying to Bradley University who receive the Federal Grant is 32%. Meanwhile, 100% of the applicants receive the Student Grant and 100% are awarded the Institution Grant, while 32% of the students get the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $4,810, while the same comes to $4,626 for State Grant receivers and $17,472 for Institution Grant awardees. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,649. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. Those with a family income below $30,000 per annum, would get an average federal aid of $29,178 in a year. The average aid amount stands at $27,288 for an annual family income between $30,001 and $48,000. This amount comes to $23,024 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 $18,380, while candidates with more than $110,000 of family income receive an average federal aid of $13,462. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund their education. In contrast to grants and scholarships, student loans are taken by the candidates at a certain rate of interest. Candidates are also required to repay these loans within a given period. Every year, around 72% of the applicants to Bradley University opt for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

33%

State Grant Aid

33%

Institution Grant Aid

99%

Pell Grant

33%

Average Aid Awarded

Federal Grant Aid

$4,935

State Grant Aid

$4,602

Institution Grant Aid

$17,007

Pell Grant

$4,646

It is crucial to have knowledge on how many students receive certain aids because it gives you a good idea on what to expect from each type of aid you are looking at. Everyone knows that they are eligible for federal aid the moment they apply for the university, but the important point to bring up is how much and/or to whom is a certain aid given.

When it comes to grants, students get the opportunity to take up different grants; federal, institutional, or state grants.

  • Almost 33% of the students receive an average of US$4,935 in the form of Federal Grants.

  • 33% of the students receive federal grants in the form of pell grants with an average of around US$4,646.

  • Almost 33% of the students receive state grant aid at an average of around US$4,602.

  • Around 99% of the students receive institutional grant at an average of around US$17,007.

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$30,029

$30,001 - $48,000

$27,517

$48,001 - $75,000

$23,323

$75,001 - $110,000

$19,012

Over $110,000

$14,415

This is in the form of federal aids depending on the income of the student or the student’s family. It’s segregated in 5 different income types to help determine the appropriate average amount of federal aid you may receive with respect to your family’s income. Since the average family income falls between US$0-48,000, it’s safe to say that a high number of students receive financial aids provided for those income brackets.

For a student who has a family income ranging from 0 - $30,000, the average federal aid provided is US$30,029 whereas for a student whose family income ranges from $30,001 - $48,000, the average federal aid is US$27,517. The student who has a family income ranging from $48,001  - $75,000 is provided an average aid of US$23,323 while students whose income ranges from $75,001 - $110,000 gets about US$19,012. Students with an annual income of greater than $110,000 get an average federal aid amount of US$14,415. Almost 72% of the students take out loans at an average of US$7,917. The students receive an average of US$5,775 in the form of federal loans.

Student Loans for Bradley University

Average Loan Amount Average Loan Amount received per year.

$7,917/Year

Students Taking Out Loans

72%

Loan Default Rate

2.7%

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