$5,685

Avg. Federal Grant

$6,315

Avg. Federal Loan

$6,471,758

Total Aid Awarded

Cheyney University of Pennsylvania Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

88%

Total Aid Amount Average Total Aid Awarded per year.

$6.472M

Financial Aid Official Website

www.cheyney.edu/financial-aid/index.cfm

Among them are scholarship programs such as Board of Governors Tuition Waiver, Charles E. and Shirley S. Marshall Scholarship, Class of 1953 Scholarship, and International Student Tuition Waiver. As many as 94% of the students at CUP get some sort of financial aid, and the total amount of assistance/loans provided is more than $2,091,640 in a year. For additional information about financial assistance schemes, one can head over to CUP’s financial aid page at http://www.cheyney.edu/financial-aid/index.cfm. At CUP, the total percentage of applicants who receive the Federal Grant stands at 65%. On the other hand, 93% of the candidates get the Student Grant, 55% receive the Institution Grant, and 64% get the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $6,135, while the same comes to $10,309 for State Grant receivers and $5,292 for Institution Grant awardees. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,880. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. But, they should understand that student loans are borrowed at a certain rate of interest, unlike grants and scholarships. Candidates are also required to repay these loans within a given period. At CUP, an estimated number of 48% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

72%

State Grant Aid

54%

Institution Grant Aid

23%

Pell Grant

72%

Average Aid Awarded

Federal Grant Aid

$5,685

State Grant Aid

$5,266

Institution Grant Aid

$4,100

Pell Grant

$4,783

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$10,223

$30,001 - $48,000

$10,850

$48,001 - $75,000

$4,062

$75,001 - $110,000

$5,152

Over $110,000

$3,000

Student Loans for Cheyney University of Pennsylvania

Average Loan Amount Average Loan Amount received per year.

$6,813/Year

Students Taking Out Loans

78%

Loan Default Rate

25.6%

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