$5,257

Avg. Federal Grant

$3,973

Avg. Federal Loan

$40,379,163

Total Aid Awarded

California State University, Monterey Bay (CSUMB) Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

69%

Total Aid Amount Average Total Aid Awarded per year.

$40.379M

Financial Aid Official Website

csumb.edu/financialaid

Such schemes include ASTA Northern California Chapter - Richard Epping Scholarship, AWA Scholarship Awards, CCNMA Scholarship, and Cal Grant A. It is interesting to note that, every year, around 81% of students at CSUMB receive some kind of financial aid, while the total amount of assistance/loans provided is $13,876,110. At CSUMB, the total percentage of applicants who receive the Federal Grant stands at 48%. In comparison, 74% of the students are awarded the Student Grant, 47% get the Institution Grant, and 48% of the applicants receive the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $5,410, and the same stands at $2,736 for State Grant awardees and $5,705 for Institution Grant recipients. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,613. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund their education. However, student loans attract a certain rate of interest at which the funds are borrowed. Candidates are also required to repay these loans within a given period. Every year, around 45% of the applicants to California State University-Monterey Bay opt for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

49%

State Grant Aid

58%

Institution Grant Aid

50%

Pell Grant

48%

Average Aid Awarded

Federal Grant Aid

$5,257

State Grant Aid

$2,575

Institution Grant Aid

$5,789

Pell Grant

$4,851

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$13,849

$30,001 - $48,000

$12,323

$48,001 - $75,000

$8,246

$75,001 - $110,000

$4,872

Over $110,000

$1,162

Student Loans for California State University, Monterey Bay (CSUMB)

Average Loan Amount Average Loan Amount received per year.

$4,658/Year

Students Taking Out Loans

50%

Loan Default Rate

5.6%

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