$4,349

Avg. Federal Grant

$5,667

Avg. Federal Loan

$50,582,864

Total Aid Awarded

Carroll University Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

95%

Total Aid Amount Average Total Aid Awarded per year.

$50.583M

Financial Aid Official Website

www.carrollu.edu/financial-aid

Interestingly, almost all of the students at CU receive some sort of financial aid, and the total amount of assistance/loans provided totals more than $12,764,933 in a year. More information regarding the financial assistance schemes can be accessed on CU’s official financial aid page at http://www.carrollu.edu/financial-aid. At CU, the total percentage of applicants who receive the Federal Grant stands at 25%. On the other hand, 100% of the candidates get the Student Grant, 100% receive the Institution Grant, and 25% get the Pell Grant. While the Federal Grant awardees receive an average aid of $4,738, the State Grant receivers and Institution Grant beneficiaries get $2,955 and $18,297, respectively. And, for the Pell Grant awardees, the average aid amount is $4,090. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. Students whose family income per annum is less than $30,000 will receive a federal aid of $23,946 on average in a year. The average aid amount stands at $22,665 for an annual family income between $30,001 and $48,000. This amount comes to $21,250 for those who fall under the $48,001-$75,000 family income bracket. Those with an annual income level of $75,001-$110,000 would receive $17,726, while candidates with more than $110,000 of family income receive an average federal aid of $16,566. 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. Moreover, the funds received through these loans will have to be repaid within a given timeframe. Every year, around 69% of the applicants to Carroll University opt for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

26%

State Grant Aid

28%

Institution Grant Aid

100%

Pell Grant

26%

Average Aid Awarded

Federal Grant Aid

$4,349

State Grant Aid

$2,940

Institution Grant Aid

$17,614

Pell Grant

$3,925

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$23,346

$30,001 - $48,000

$23,750

$48,001 - $75,000

$21,800

$75,001 - $110,000

$19,668

Over $110,000

$17,482

Student Loans for Carroll University

Average Loan Amount Average Loan Amount received per year.

$8,848/Year

Students Taking Out Loans

74%

Loan Default Rate

1.2%

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