$4,482

Avg. Federal Grant

$5,281

Avg. Federal Loan

$16,506,578

Total Aid Awarded

Christopher Newport University (CNU) Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

52%

Total Aid Amount Average Total Aid Awarded per year.

$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%.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

13%

State Grant Aid

29%

Institution Grant Aid

44%

Pell Grant

13%

Average Aid Awarded

Federal Grant Aid

$4,482

State Grant Aid

$4,752

Institution Grant Aid

$3,214

Pell Grant

$4,326

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$12,582

$30,001 - $48,000

$12,123

$48,001 - $75,000

$8,826

$75,001 - $110,000

$4,825

Over $110,000

$1,322

Student Loans for Christopher Newport University (CNU)

Average Loan Amount Average Loan Amount received per year.

$7,998/Year

Students Taking Out Loans

50%

Loan Default Rate

1.6%

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