$5,230

Avg. Federal Grant

$7,203

Avg. Federal Loan

$39,797,502

Total Aid Awarded

Christian Brothers University Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

83%

Total Aid Amount Average Total Aid Awarded per year.

$39.798M

Financial Aid Official Website

https://www.cbu.edu/financial-aid

Among them are scholarship programs such as Chapter 105 - Memphis - Les Segar Memorial Scholarship, Dr. Richard Forrest & Ella Dudney Kelsey Memorial Scholarship, Tennessee HOPE Scholarship, and Tennessee Student Assistance Award. It is interesting to note that almost every student at CBU receives some kind of financial aid, while the total amount of provided assistance/loans in a year is $7,098,696. The total percentage of candidates applying to Christian Brothers University who receive the Federal Grant is 42%. On the other hand, 100% of the candidates get the Student Grant, 99% receive the Institution Grant, and 42% get the Pell Grant. While the Federal Grant awardees receive an average aid of $5,035, the State Grant receivers and Institution Grant beneficiaries get $5,407 and $18,736, respectively. And, for the Pell Grant awardees, the average aid amount is $4,493. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. 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. Every year, around 55% of the applicants to Christian Brothers University opt for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

38%

State Grant Aid

64%

Institution Grant Aid

99%

Pell Grant

38%

Average Aid Awarded

Federal Grant Aid

$5,230

State Grant Aid

$5,275

Institution Grant Aid

$18,829

Pell Grant

$5,011

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$33,295

$30,001 - $48,000

$32,360

$48,001 - $75,000

$31,466

$75,001 - $110,000

$30,662

Over $110,000

$28,342

Student Loans for Christian Brothers University

Average Loan Amount Average Loan Amount received per year.

$7,762/Year

Students Taking Out Loans

59%

Loan Default Rate

7.9%

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