$4,724

Avg. Federal Grant

$9,050

Avg. Federal Loan

$23,050,900

Total Aid Awarded

Colorado Mesa University (CMU) Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

76%

Total Aid Amount Average Total Aid Awarded per year.

$23.051M

Financial Aid Official Website

www.coloradomesa.edu/financial-aid/index.html

Notably, 90% of the students at Colorado Mesa University get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $25,648,401. Notably, a total of 37% of the applicants to Colorado Mesa University receive the Federal Grant every year. Meanwhile, 78% of the applicants receive the Student Grant and 53% are awarded the Institution Grant, while 37% of the students get the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $4,825, while the same comes to $4,443 for State Grant receivers and $4,000 for Institution Grant awardees. And, for the Pell Grant awardees, the average aid amount is $4,788. 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. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. However, student loans attract a certain rate of interest at which the funds are borrowed. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. At CMU, an estimated number of 50% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

40%

State Grant Aid

33%

Institution Grant Aid

47%

Pell Grant

40%

Average Aid Awarded

Federal Grant Aid

$4,724

State Grant Aid

$3,227

Institution Grant Aid

$4,226

Pell Grant

$4,628

Federal Student  grant aid programs are made available to needy students enrolling in an eligible institution of post-secondary education. These grants are a great type of financial assistance that will help the financially needy students who qualify to pay educational expenses.

As shown in the table the Institutional Grant has the highest percentage of 47 percent with an average aid of $4,226. The Federal and Pell grants percentage is about 40 percent only with an average aid of $4,724 and $4,628.

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$5,297

$30,001 - $48,000

$4,497

$48,001 - $75,000

$1,738

$75,001 - $110,000

$79

Over $110,000

N/A

Financial need for educational expenses is an essential requirement to qualify for assistance from most programs. Both full-time and less than full-time students will receive consideration. They are encouraged to apply for financial aid irrespective of their family circumstances and the specific amounts will be provided to the different levels of family income groups. 

As shown in the table, the families earning an income lower than $30,000 will get an aid of $5,297 and the families whose income ranges from $75,001 - $110,000 will get an aid of $79.

Student Loans for Colorado Mesa University (CMU)

Average Loan Amount Average Loan Amount received per year.

$9,836/Year

Students Taking Out Loans

62%

Loan Default Rate

10.3%

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