$5,012

Avg. Federal Grant

$5,934

Avg. Federal Loan

$4,992,806

Total Aid Awarded

Cal Maritime Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

52%

Total Aid Amount Average Total Aid Awarded per year.

$4.993M

Financial Aid Official Website

https://www.csum.edu/web/financial-aid/home

Notably, 82% of the students at California State University Maritime Academy get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $3,348,606. The total percentage of candidates applying to California State University Maritime Academy who receive the Federal Grant is 23%. Meanwhile, 44% of the applicants receive the Student Grant and 29% are awarded the Institution Grant, while 23% of the students get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $5,715, and the same stands at $2,464 for State Grant awardees and $5,964 for Institution Grant recipients. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $5,320. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. 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 California State University Maritime Academy, the percentage of candidates who opt to avail of student loans is around 44%.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

25%

State Grant Aid

32%

Institution Grant Aid

31%

Pell Grant

25%

Average Aid Awarded

Federal Grant Aid

$5,012

State Grant Aid

$2,775

Institution Grant Aid

$5,309

Pell Grant

$4,797

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$13,900

$30,001 - $48,000

$11,285

$48,001 - $75,000

$6,540

$75,001 - $110,000

$5,437

Over $110,000

$874

Student Loans for Cal Maritime

Average Loan Amount Average Loan Amount received per year.

$7,042/Year

Students Taking Out Loans

54%

Loan Default Rate

6%

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