$4,988

Avg. Federal Grant

$5,182

Avg. Federal Loan

$39,811,455

Total Aid Awarded

California State University-Channel Islands (CI) Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

67%

Total Aid Amount Average Total Aid Awarded per year.

$39.811M

Financial Aid Official Website

www.csuci.edu/financialaid/index.htm

Such schemes include CCNMA Scholarship, Cal Grant A, Cal Grant B, and California State University, Channel Islands - Cal Grant. As many as 83% of the students at CSUCI get some sort of financial aid, and the total amount of assistance/loans provided is more than $17,208,577 in a year. One can visit CSUCI's financial aid page at http://www.csuci.edu/financialaid/index.htm for more information. The total percentage of candidates applying to California State University-Channel Islands who receive the Federal Grant is 53%. In comparison, 78% of the students are awarded the Student Grant, 48% get the Institution Grant, and 53% of the applicants receive the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $4,996, and the same stands at $2,491 for State Grant awardees and $5,370 for Institution Grant recipients. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,538. Among other things, the annual family income of the applicant plays a major role in determining the total financial aid they are actually eligible to receive. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. In contrast to grants and scholarships, student loans are taken by the candidates at a certain rate of interest. Moreover, the funds received through these loans will have to be repaid within a given timeframe. At CSUCI, an estimated number of 42% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

53%

State Grant Aid

64%

Institution Grant Aid

50%

Pell Grant

53%

Average Aid Awarded

Federal Grant Aid

$4,988

State Grant Aid

$2,329

Institution Grant Aid

$5,482

Pell Grant

$4,900

With State grants having the highest contribution percentage of 64% with an average aid amount of $2329 and then pell and federal grants having a contribution of 53% with an average aid amount of $4900 and $4988 respectively. Institutional grants having the contribution percentage of 50% with an average aid of $5482.

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$12,986

$30,001 - $48,000

$11,726

$48,001 - $75,000

$7,959

$75,001 - $110,000

$3,480

Over $110,000

$733

Here the table shows that lower the family income higher the financial aid is provided .It is basically to help the students get the degree irrespective of their financial background.for those whose family income is under $30000 they can expect the highest amount of aid i.e $12986, family income between #30001 to $48000 can expect the aid of $11726, family income between $48001 to $75000 gets the aid of $7959 that is the highest amount of aid, family income ranging between $75001 to $110000 gets the aid of $3480 and those with family income over $110,000 income gets the least amount of aid i.e $733.

Student Loans for California State University-Channel Islands (CI)

Average Loan Amount Average Loan Amount received per year.

$5,688/Year

Students Taking Out Loans

50%

Loan Default Rate

3.1%

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