DePauw University Financial Aid and Scholarships
Students Receiving Aid
97%
Total Aid Amount
$63.093M
Financial Aid Official Website
www.depauw.edu/admission/financial-aid/
As many as 99% of the students at DU get some sort of financial aid, and the total amount of assistance/loans provided is more than $5,687,884 in a year. More information regarding the financial assistance schemes can be accessed on DU’s official financial aid page at http://www.depauw.edu/admission/financial-aid/. The total percentage of candidates applying to DePauw University who receive the Federal Grant is 43%. In comparison, 99% of the students are awarded the Student Grant, 99% get the Institution Grant, and 22% of the applicants receive the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $2,604, and the same stands at $6,166 for State Grant awardees and $33,618 for Institution Grant recipients. On the other hand, the average aid received by the Pell Grant awardees is $4,468. 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. On average, students with an annual family income of less than $30,000 will obtain a federal aid of $43,780 per year. Candidates who come under the $30,001-$48,000 family income bracket receive an average aid of $46,318, while those falling in the $48,001-$75,000 income category get $42,832 a year. Those with an annual income level of $75,001-$110,000 would receive $36,778, while candidates with more than $110,000 of family income receive an average federal aid of $30,214. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for their education. 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 DU, an estimated number of 37% of the applicants choose to go for student loans.
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