Drury University Financial Aid and Scholarships 2022

It is interesting to note that almost every student at DU receives some kind of financial aid, while the total amount of provided assistance/loans in a year is $5,019,116. More information regarding the financial assistance schemes can be accessed on DU’s official financial aid page at http://www.drury.edu/financial-aid/. Notably, a total of 33% of the applicants to Drury University receive the Federal Grant every year. Meanwhile, 100% of the applicants receive the Student Grant and 100% are awarded the Institution Grant, while 33% of the students get the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $4,814, while the same comes to $2,331 for State Grant receivers and $17,965 for Institution Grant awardees. On the other hand, the average aid received by the Pell Grant awardees is $4,493. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. Students whose family income per annum is less than $30,000 will receive a federal aid of $15,969 on average in a year. For the $30,001-$48,000 and $48,001-$75,000 family income brackets, the average aid amount stands at $18,684 and $18,318, respectively. Those with an annual income level of $75,001-$110,000 would receive $17,069, while candidates with more than $110,000 of family income receive an average federal aid of $14,385. 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. Moreover, the funds received through these loans will have to be repaid within a given timeframe. At Drury University, the percentage of candidates who opt to avail of student loans is around 59%.