Christopher Newport University (CNU) Financial Aid and Scholarships
Students Receiving Aid
52%
Total Aid Amount
$16.507M
Financial Aid Official Website
cnu.edu/financialaid/
Among them are scholarship programs such as AHEPA Scholarship Endowment, Alexick/Felcher Art Endowed Scholarship, Margaret Ann Webb Abbitt Endowed Scholarship, and Virginia Military Survivors and Dependents Education Program. As many as 75% of the students at CNU get some sort of financial aid, and the total amount of assistance/loans provided is more than $14,327,791 in a year. More information regarding the financial assistance schemes can be accessed on CNU’s official financial aid page at http://cnu.edu/financialaid/. At CNU, the total percentage of applicants who receive the Federal Grant stands at 12%. In comparison, 60% of the students are awarded the Student Grant, 47% get the Institution Grant, and 12% of the applicants receive the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $4,602, and the same stands at $3,058 for State Grant awardees and $3,669 for Institution Grant recipients. On the other hand, the average aid received by the Pell Grant awardees is $4,384. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund their education. 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 Christopher Newport University, the percentage of candidates who opt to avail of student loans is around 48%.
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