$4,843

Avg. Federal Grant

$5,697

Avg. Federal Loan

$22,495,594

Total Aid Awarded

Eastern Connecticut State University Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

68%

Total Aid Amount Average Total Aid Awarded per year.

$22.496M

Financial Aid Official Website

www.easternct.edu/finaid/

It is interesting to note that, every year, around 95% of students at ECSU receive some kind of financial aid, while the total amount of assistance/loans provided is $20,336,840. One can visit ECSU's financial aid page at http://www.easternct.edu/finaid/ for more information. At ECSU, the total percentage of applicants who receive the Federal Grant stands at 37%. On the other hand, 83% of the candidates get the Student Grant, 81% receive the Institution Grant, and 37% get the Pell Grant. While the Federal Grant awardees receive an average aid of $4,959, the State Grant receivers and Institution Grant beneficiaries get $3,838 and $5,059, respectively. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,620. 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. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. In contrast to grants and scholarships, student loans are taken by the candidates at a certain rate of interest. Candidates are also required to repay these loans within a given period. Every year, around 71% of the applicants to Eastern Connecticut State University opt for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

36%

State Grant Aid

15%

Institution Grant Aid

78%

Pell Grant

36%

Average Aid Awarded

Federal Grant Aid

$4,843

State Grant Aid

$4,128

Institution Grant Aid

$5,253

Pell Grant

$4,703

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$11,210

$30,001 - $48,000

$11,743

$48,001 - $75,000

$9,792

$75,001 - $110,000

$5,995

Over $110,000

$2,519

Student Loans for Eastern Connecticut State University

Average Loan Amount Average Loan Amount received per year.

$7,090/Year

Students Taking Out Loans

72%

Loan Default Rate

6.7%

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#N/A

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