Eastern Kentucky University (EKU) Financial Aid and Scholarships
Students Receiving Aid
81%
Total Aid Amount
$81.950M
Financial Aid Official Website
finaid.eku.edu
Among them are scholarship programs such as Educational Foundation of the KYCPA Scholarships and Mary Jo Young Dual Credit Scholarship. Notably, 98% of the students at Eastern Kentucky University get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $44,818,320. At EKU, the total percentage of applicants who receive the Federal Grant stands at 45%. On the other hand, 98% of the candidates get the Student Grant, 65% receive the Institution Grant, and 45% get the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $4,607, while the same comes to $2,530 for State Grant receivers and $6,357 for Institution Grant awardees. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,467. 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. In contrast to grants and scholarships, student loans are taken by the candidates at a certain rate of interest. Moreover, the funds received through these loans will have to be repaid within a given timeframe. Every year, around 60% of the applicants to Eastern Kentucky University opt for student loans.
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