Avg. Federal Grant
Avg. Federal Loan
Total Aid Awarded
Students Receiving Aid
Percent of Students Receiving Financial Aid.
Total Aid Amount
Average Total Aid Awarded per year.
Financial Aid Official Website
Every student admitted to Concordia University Chicago receives either a merit scholarship or an admission award provided by Concordia University Chicago. In order to determine eligibility for any need-based grants, loans or student employment, the Free Application for Federal Student Aid (FAFSA) must be completed each year.
Federal loans are insured through the U.S. Department of Education, which may provide safeguards to the borrower such as deferment, forbearance and forgiveness options. Private loans are issued through some of the lending institutions and are generally exempt from those of federal benefits. These loans aren't supported credit approval but do require submission of a FAFSA per annum.
Few Scholarships available for the students of Concordia University Chicago are as follows-
Yancy Organization's Scholarship
Financial aid offers for the 2020-2021 academic year will continue for incoming freshmen and transfer students as regularly scheduled. The financial aid offer will come within three weeks of admission to the university or receipt of FAFSA.
Student Receiving Aid
Federal Grant Aid
State Grant Aid
Institution Grant Aid
Average Aid Awarded
As shown in the table the breakdown includes Federal Grants, Pell Grants, state grants and federal grants with institutional grants having the highest percentage contribution of 100% with an average aid amount being $18,576.
Pell grants have a percentage of 55% with an average aid amount of $4,361 which is lower than the state grant aid average of $4603.
Average Federal Aid Per Year
$30,001 - $48,000
$48,001 - $75,000
$75,001 - $110,000
As shown in the table lower the family income higher is the amount of aid one can expect to receive. For those students who have a family income under $30,000 can expect to receive an aid amount of $25,834 while those with family income over $110,000 can expect to receive an aid amount of $18,979. This helps students who are coming from low-income homes to pay for their degree.
Average Loan Amount
Average Loan Amount received per year.
Students Taking Out Loans
Loan Default Rate
The Student loan is a kind of financial aid which has to be paid within a stipulated time period. Students of Concordia University Chicago receives $5,864 as an average loan amount and around 81% of the students opted for this financial aid to fulfil their financial needs. The loan default rate is 4.6%.
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