$4,860

Avg. Federal Grant

$5,900

Avg. Federal Loan

$24,563,603

Total Aid Awarded

California University of Pennsylvania Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

67%

Total Aid Amount Average Total Aid Awarded per year.

$24.564M

Financial Aid Official Website

www.calu.edu/costs-aid/financial-aid/

Students can avail of scholarships provided by the university, such as Carl S. Micarelli Memorial Scholarship, Darrell L. and Norma R. Uphold Family Scholarship, Joseph P. Gavenonis Scholarship, and Ohio College Opportunity Grant, if they find educational expenses to be on the higher side. It is interesting to note that, every year, around 97% of students at CUP receive some kind of financial aid, while the total amount of assistance/loans provided is $24,246,090. One can visit CUP's financial aid page at http://www.calu.edu/costs-aid/financial-aid/ for more information. Notably, a total of 49% of the applicants to California University of Pennsylvania receive the Federal Grant every year. On the other hand, 94% of the candidates get the Student Grant, 82% receive the Institution Grant, and 49% get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $5,087, and the same stands at $3,026 for State Grant awardees and $3,412 for Institution Grant recipients. And, for the Pell Grant awardees, the average aid amount is $4,273. 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. In contrast to grants and scholarships, student loans are taken by the candidates at a certain rate of interest. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. At California University of Pennsylvania, the percentage of candidates who opt to avail of student loans is around 82%.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

49%

State Grant Aid

51%

Institution Grant Aid

59%

Pell Grant

49%

Average Aid Awarded

Federal Grant Aid

$4,860

State Grant Aid

$2,926

Institution Grant Aid

$2,922

Pell Grant

$4,531

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$9,125

$30,001 - $48,000

$8,184

$48,001 - $75,000

$6,198

$75,001 - $110,000

$3,250

Over $110,000

$2,016

Student Loans for California University of Pennsylvania

Average Loan Amount Average Loan Amount received per year.

$7,223/Year

Students Taking Out Loans

85%

Loan Default Rate

7.4%

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