$4,873

Avg. Federal Grant

$5,668

Avg. Federal Loan

$17,352,248

Total Aid Awarded

Brenau University Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

82%

Total Aid Amount Average Total Aid Awarded per year.

$17.352M

Financial Aid Official Website

https://www.brenau.edu/admissions/financialaid/

Such schemes include Ada Little Business Scholarship, Constance L. Lloyd/ACMPE Scholarship, Georgia Public Safety Memorial Grant, and Georgia Tuition Equalization Grant. As many as 97% of the students at BU get some sort of financial aid, and the total amount of assistance/loans provided is more than $10,495,793 in a year. One can visit BU's financial aid page at https://www.brenau.edu/admissions/financialaid/ for more information. The total percentage of candidates applying to Brenau University who receive the Federal Grant is 57%. On the other hand, 97% of the candidates get the Student Grant, 87% receive the Institution Grant, and 57% get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $5,207, and the same stands at $3,369 for State Grant awardees and $16,648 for Institution Grant recipients. On the other hand, the average aid received by the Pell Grant awardees is $4,349. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. On average, students with an annual family income of less than $30,000 will obtain a federal aid of $26,958 per year. For the $30,001-$48,000 and $48,001-$75,000 family income brackets, the average aid amount stands at $18,606 and $19,482, respectively. On the other hand, the average federal aid stands at $21,816 for those with an annual family income between $75,001 and $110,000, and at $21,823 for an income more than $110,000. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for their education. However, student loans attract a certain rate of interest at which the funds are borrowed. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. At BU, an estimated number of 74% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

59%

State Grant Aid

81%

Institution Grant Aid

94%

Pell Grant

59%

Average Aid Awarded

Federal Grant Aid

$4,873

State Grant Aid

$3,282

Institution Grant Aid

$15,695

Pell Grant

$4,425

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 59% with an average aid amount being $4873

Pell grants have a percentage of 59% with an average aid amount of $4425  than the State grant aid average of $3282.

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$19,559

$30,001 - $48,000

$23,065

$48,001 - $75,000

$20,472

$75,001 - $110,000

$20,827

Over $110,000

$22,749

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 $19559 while those with family income over $110,000 can expect to receive an aid amount of $22749. This helps students who are coming from low-income homes to pay for their degrees.

Student Loans for Brenau University

Average Loan Amount Average Loan Amount received per year.

$7,091/Year

Students Taking Out Loans

73%

Loan Default Rate

5.5%

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