Colorado Mesa University (CMU) Financial Aid and Scholarships
Students Receiving Aid
76%
Total Aid Amount
$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.
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