Financial aid in the form of federal aid is provided to a student, depending on the income of the student or the student’s family. It is segregated into 5 different income types to help determine the appropriate average amount of federal aid you may receive with respect to your family’s income.
Concordia University’s average federal aid is calculated according to the family income of the student. Depending on the financial aid available to the family or the student, the income bracket may either pay more or less than the overall average costs.
For a student who has a family income ranging from US$0 - US$30,000, the average federal aid provided is US$18,062 whereas a student having a family income ranging from US$30,001 - US$48,000 receives an average of US$17,216.
From ranges above US$48,001, the average amount starts to lessen comparatively. Family incomes ranging from US$48,001 - US$75,000 get the benefit of receiving an average aid of US$15,755 while those with an annual income between US$75,001 - US$110,000 get US$13,293. Incomes above US$110,000 get an average federal aid of US$10,715.