$6,296

Avg. Federal Grant

$5,965

Avg. Federal Loan

$136,828,439

Total Aid Awarded

Brown University Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

46%

Total Aid Amount Average Total Aid Awarded per year.

$136.828M

Financial Aid Official Website

https://www.brown.edu/about/administration/financial-aid/

Students can avail of scholarships provided by the university, such as Albert E. And Florence W. Newton Nurse Scholarship, Aldo Freda Legislative Pages Scholarship, Antonio Cirino Memorial Art Education Fellowship, and Carnegie Dartlet $10,000 Scholarship, if they find educational expenses to be on the higher side. As many as 56% of the students at BU get some sort of financial aid, and the total amount of assistance/loans provided is more than $5,082,381 in a year. The total percentage of candidates applying to Brown University who receive the Federal Grant is 15%. In comparison, 44% of the students are awarded the Student Grant, 43% get the Institution Grant, and 14% of the applicants receive the Pell Grant. While the Federal Grant awardees receive an average aid of $4,633, the State Grant receivers and Institution Grant beneficiaries get $2,228 and $45,895, respectively. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,923. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for their education. But, they should understand that student loans are borrowed at a certain rate of interest, unlike grants and scholarships. Candidates are also required to repay these loans within a given period. At BU, an estimated number of 15% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

14%

State Grant Aid

1%

Institution Grant Aid

44%

Pell Grant

14%

Average Aid Awarded

Federal Grant Aid

$6,296

State Grant Aid

$2,317

Institution Grant Aid

$42,278

Pell Grant

$4,853

We have provided an in-depth breakdown of how the financial aid offered by Brown University is appropriately distributed among their students. On an average, almost 46% of students receive financial aid.

  • The federal grants offered by the university are received by a cumulative 14% of eligible students, with the average amount reaching up to $6,296.

  • Pell Grants are received by at least 14% of students and the aid amount offered is around $4,853.

  • Only 1% of students receive state grant aids, which are valued to be around $2,317.

  • Since Brown University specializes in offering its own programs and aids to students, the institutional grants are offered to a staggering 44% of students, with the total average amount racking up to $42,278.

  • Student loans, at a default rate of 1%, accumulate an average amount of $8,232, which is received by 25% of the students.

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$64,800

$30,001 - $48,000

$65,461

$48,001 - $75,000

$56,598

$75,001 - $110,000

$49,603

Over $110,000

$23,647

As stated above, Brown University offered their aid based on the financial needs of the student. With that said, we have also provided some data on what each student may expect their average aid to be depending on the income bracket that they fall under.

Students whose family income is below $30,000 or fall between $30,000 and $48,000 may avail an average aid amount of $64,800 and $65,461, respectively. The median aid is considered to fall to those who earn between $48,001 and $75,000, which is a total average amount of $56,598. Higher income brackets may not avail as much, comparatively. Those that earn upto $100,000 will receive an average of about $49,603 whereas those who earn more than that will receive a substantially low amount of $23,647.

Student Loans for Brown University

Average Loan Amount Average Loan Amount received per year.

$8,232/Year

Students Taking Out Loans

25%

Loan Default Rate

1%

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