$4,722

Avg. Federal Grant

$5,588

Avg. Federal Loan

$27,292,074

Total Aid Awarded

East Stroudsburg University of Pennsylvania Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

69%

Total Aid Amount Average Total Aid Awarded per year.

$27.292M

Financial Aid Official Website

www4.esu.edu/students/enrollment_services/financial_aid/index.cfm

Such schemes include American Association of University Women Scholarship, Association of Pennsylvania State College and University Facilities Scholarship, Biological Science Scholarship, and Board of Governors Tuition Scholarship for Cultural Diversity. It is interesting to note that, every year, around 89% of students at ESUP receive some kind of financial aid, while the total amount of assistance/loans provided is $26,230,517. At ESUP, the total percentage of applicants who receive the Federal Grant stands at 51%. In comparison, 64% of the students are awarded the Student Grant, 10% get the Institution Grant, and 51% of the applicants receive the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $4,918, and the same stands at $3,097 for State Grant awardees and $4,057 for Institution Grant recipients. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,614. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for their education. However, student loans attract a certain rate of interest at which the funds are borrowed. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. At East Stroudsburg University of Pennsylvania, the percentage of candidates who opt to avail of student loans is around 77%.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

45%

State Grant Aid

34%

Institution Grant Aid

11%

Pell Grant

45%

Average Aid Awarded

Federal Grant Aid

$4,722

State Grant Aid

$3,116

Institution Grant Aid

$4,346

Pell Grant

$4,595

As shown in the table the breakdown includes Federal Grants, Pell Grants, state grants and institutional grants with federal grants having the highest percentage contribution of 45% with an average aid amount being $4722.

Pell grants have the same percentage of 45% with an average aid amount of $4595 which is higher than the State grant aid average of $3116.

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$8,038

$30,001 - $48,000

$7,896

$48,001 - $75,000

$4,112

$75,001 - $110,000

$1,055

Over $110,000

$615

As shown in the table lower the family income higher is the amount of aid one can expect to receive. For those students who have a family income under $30,000 can expect to receive an aid amount of $8038 while those with family income over $110,000 can expect to receive an aid amount of $615. This helps students who are coming from low-income homes to pay for their degree.

Student Loans for East Stroudsburg University of Pennsylvania

Average Loan Amount Average Loan Amount received per year.

$7,699/Year

Students Taking Out Loans

79%

Loan Default Rate

8.1%

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