$4,808

Avg. Federal Grant

$5,826

Avg. Federal Loan

$24,581,036

Total Aid Awarded

Centenary University Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

82%

Total Aid Amount Average Total Aid Awarded per year.

$24.581M

Financial Aid Official Website

www.centenaryuniversity.edu/admission-aid/tuition-financial-aid/

Notably, almost all of the university students get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $5,602,557. Notably, a total of 46% of the applicants to Centenary University receive the Federal Grant every year. On the other hand, 100% of the candidates get the Student Grant, 100% receive the Institution Grant, and 46% get the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $5,198, while the same comes to $10,577 for State Grant receivers and $19,011 for Institution Grant awardees. On the other hand, the average aid received by the Pell Grant awardees is $4,663. 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. In contrast to grants and scholarships, student loans are taken by the candidates at a certain rate of interest. Candidates are also required to repay these loans within a given period. At Centenary University, the percentage of candidates who opt to avail of student loans is around 69%.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

46%

State Grant Aid

43%

Institution Grant Aid

100%

Pell Grant

46%

Average Aid Awarded

Federal Grant Aid

$4,808

State Grant Aid

$8,982

Institution Grant Aid

$18,383

Pell Grant

$4,464

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$33,117

$30,001 - $48,000

$30,397

$48,001 - $75,000

$28,566

$75,001 - $110,000

$21,088

Over $110,000

$18,324

Student Loans for Centenary University

Average Loan Amount Average Loan Amount received per year.

$7,523/Year

Students Taking Out Loans

74%

Loan Default Rate

7.5%

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