$4,389

Avg. Federal Grant

$5,484

Avg. Federal Loan

$26,605,490

Total Aid Awarded

Corban University Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

93%

Total Aid Amount Average Total Aid Awarded per year.

$26.605M

Financial Aid Official Website

https://inside.corban.edu/financial-aid

It is interesting to note that almost every student at CU receives some kind of financial aid, while the total amount of provided assistance/loans in a year is $4,137,172. For additional information about financial assistance schemes, one can head over to CU’s financial aid page at https://inside.corban.edu/financial-aid. Notably, a total of 44% of the applicants to Corban University receive the Federal Grant every year. Meanwhile, 100% of the applicants receive the Student Grant and 97% are awarded the Institution Grant, while 38% of the students get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $5,062, and the same stands at $2,178 for State Grant awardees and $20,819 for Institution Grant recipients. And, for the Pell Grant awardees, the average aid amount is $4,305. 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. Students whose family income per annum is less than $30,000 will receive a federal aid of $21,413 on average in a year. Candidates who come under the $30,001-$48,000 family income bracket receive an average aid of $23,630, while those falling in the $48,001-$75,000 income category get $20,558 a year. Meanwhile, the average federal aid for students in the $75,001-$110,000 income bracket is $17,300. And, for those with a family income of more than $110,000, the amount stands at $14,841. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. In contrast to grants and scholarships, student loans are taken by the candidates at a certain rate of interest. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. At CU, an estimated number of 70% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

34%

State Grant Aid

15%

Institution Grant Aid

99%

Pell Grant

33%

Average Aid Awarded

Federal Grant Aid

$4,389

State Grant Aid

$2,152

Institution Grant Aid

$17,931

Pell Grant

$4,106

At Corban University, the breakdown includes Federal Grants, Pell Grants, state grants, and institutional grants. Institutional grants have the highest percentage contribution of 99% with an average aid amount being $17,931.

Pell grants have a percentage of 33% with an average aid amount of $4,106 and for federal grants, the aid percentage is 34% and aid amounts to $4,389. State grants have a percentage of 15% with an aid average of $2,152.

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$25,349

$30,001 - $48,000

$23,507

$48,001 - $75,000

$25,043

$75,001 - $110,000

$20,185

Over $110,000

$16,766

Lower the family income higher is the amount of aid one can expect to receive. Those students who have a family income under $30,000 can expect to receive an aid amount of $25,349 while those with family income over $110,000 can expect to receive an aid amount of $16,766. This helps students who are coming from low-income homes to pay for their degrees.

Student Loans for Corban University

Average Loan Amount Average Loan Amount received per year.

$7,610/Year

Students Taking Out Loans

72%

Loan Default Rate

4%