$5,357

Avg. Federal Grant

$5,653

Avg. Federal Loan

$46,991,397

Total Aid Awarded

Drew University Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

87%

Total Aid Amount Average Total Aid Awarded per year.

$46.991M

Financial Aid Official Website

www.drew.edu/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 $6,168,535 in a year. The total percentage of candidates applying to Drew University who receive the Federal Grant is 34%. On the other hand, 98% of the candidates get the Student Grant, 98% receive the Institution Grant, and 34% get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $5,473, and the same stands at $10,227 for State Grant awardees and $24,025 for Institution Grant recipients. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,929. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. But, they should understand that student loans are borrowed at a certain rate of interest, unlike grants and scholarships. Candidates are also required to repay these loans within a given period. Every year, around 66% of the applicants to Drew University opt for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

33%

State Grant Aid

25%

Institution Grant Aid

98%

Pell Grant

33%

Average Aid Awarded

Federal Grant Aid

$5,357

State Grant Aid

$9,082

Institution Grant Aid

$32,721

Pell Grant

$4,813

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$47,044

$30,001 - $48,000

$47,026

$48,001 - $75,000

$43,715

$75,001 - $110,000

$40,552

Over $110,000

$29,998

Student Loans for Drew University

Average Loan Amount Average Loan Amount received per year.

$5,653/Year

Students Taking Out Loans

69%

Loan Default Rate

5.9%

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