$5,376

Avg. Federal Grant

$11,667

Avg. Federal Loan

$12,658,401

Total Aid Awarded

Central State University Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

89%

Total Aid Amount Average Total Aid Awarded per year.

$12.658M

Financial Aid Official Website

www.centralstate.edu/prospects/financial_aid/index.html

Students can avail of scholarships provided by the university, such as Anthony Munoz Foundation Scholarship Fund, Dr. Allen Smith Memorial Scholarship, Education Foundation Scholarship, and Educational Assistance Commitment Grant, if they find educational expenses to be on the higher side. Notably, 97% of the students at Central State University get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $11,875,000. At CSU, the total percentage of applicants who receive the Federal Grant stands at 81%. On the other hand, 81% of the candidates get the Student Grant, 79% receive the Institution Grant, and 81% get the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $4,913, while the same comes to $463 for State Grant receivers and $1,396 for Institution Grant awardees. On the other hand, the average aid received by the Pell Grant awardees is $1,614. Among other things, the annual family income of the applicant plays a major role in determining the total financial aid they are actually eligible to receive. 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 Central State University, the percentage of candidates who opt to avail of student loans is around 72%.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

98%

State Grant Aid

60%

Institution Grant Aid

98%

Pell Grant

98%

Average Aid Awarded

Federal Grant Aid

$5,376

State Grant Aid

$440

Institution Grant Aid

$1,231

Pell Grant

$4,608

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$8,025

$30,001 - $48,000

$4,483

$48,001 - $75,000

$1,600

$75,001 - $110,000

$61

Over $110,000

$129

Student Loans for Central State University

Average Loan Amount Average Loan Amount received per year.

$12,000/Year

Students Taking Out Loans

90%

Loan Default Rate

26.9%

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