$4,802

Avg. Federal Grant

$5,609

Avg. Federal Loan

$92,154,748

Total Aid Awarded

East Carolina University (ECU) Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

51%

Total Aid Amount Average Total Aid Awarded per year.

$92.155M

Financial Aid Official Website

www.ecu.edu/financial/

Notably, 79% of the students at East Carolina University get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $78,757,692. For additional information about financial assistance schemes, one can head over to ECU’s financial aid page at http://www.ecu.edu/financial/. Notably, a total of 36% of the applicants to East Carolina University receive the Federal Grant every year. On the other hand, 53% of the candidates get the Student Grant, 45% receive the Institution Grant, and 36% get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $4,925, and the same stands at $2,771 for State Grant awardees and $3,613 for Institution Grant recipients. And, for the Pell Grant awardees, the average aid amount is $4,753. 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. However, student loans attract a certain rate of interest at which the funds are borrowed. Candidates are also required to repay these loans within a given period. At ECU, an estimated number of 63% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

38%

State Grant Aid

35%

Institution Grant Aid

40%

Pell Grant

38%

Average Aid Awarded

Federal Grant Aid

$4,802

State Grant Aid

$2,757

Institution Grant Aid

$3,721

Pell Grant

$4,684

East Carolina University provides multiple aids so Total Aid Awarded is $92,154,748 and as per the number of students receiving total aid and about 51% of the students who applied for it receive the aid.

  • Federal Grant average aid is $4,802, with 38% of students receiving it.

  • Pell Grant average aid provided is $4,684 and the percentage of students receiving it stands at 38%.

  • 35% of students receive State Grants that contain an average aid of $2,757.

  • Institutional Grants aid are at an average of $3,721 and is received by 40% of eligible applicants.

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$10,176

$30,001 - $48,000

$9,063

$48,001 - $75,000

$5,072

$75,001 - $110,000

$887

Over $110,000

$344

The average federal aid in East Carolina University 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. The Federal aid for the Family Income ranging between $0 to 30,000 is a bit higher as the need is also high in that so the aid provided is $10,176. Slight change is observed with the changing range from $30,001 to 48,000; the aid provided for it is $9,063. For incomes between $48,001 to 75,000, the aid provided is $5,072. When the income range increases, the aid amount decreases to $887. Incomes beyond $110,000 receive an aid amount of $344.

Student Loans for East Carolina University (ECU)

Average Loan Amount Average Loan Amount received per year.

$7,407/Year

Students Taking Out Loans

66%

Loan Default Rate

5.6%

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