$4,619

Avg. Federal Grant

$5,042

Avg. Federal Loan

$81,950,164

Total Aid Awarded

Eastern Kentucky University (EKU) Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

81%

Total Aid Amount Average Total Aid Awarded per year.

$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.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

49%

State Grant Aid

87%

Institution Grant Aid

60%

Pell Grant

49%

Average Aid Awarded

Federal Grant Aid

$4,619

State Grant Aid

$2,507

Institution Grant Aid

$6,650

Pell Grant

$4,468

Since Eastern Kentucky University provides multiple aids, it’s safe to say that the sum of all the amounts offered to students in the form of aid can be approximately calculated to about US$ 81,950,164, with close to 81% of students receiving the aid they have applied to.

  • Federal Grant average aid is US$4,619, with the percentage of students receiving it standing at 49%.

  • Pell Grant average aid is US$4,468 and the percentage of students receiving it is 49%.

  • 87% of students receive State Grants that contain an average aid of US$2,507.

Institution Grant average aid worth an average of US$6,650 is received by 60% of students applying for it.

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$10,476

$30,001 - $48,000

$10,532

$48,001 - $75,000

$7,889

$75,001 - $110,000

$5,777

Over $110,000

$5,033

The average federal aid in Eastern Kentucky University is calculated according to the family income of the student. Depending on the financial aid available to the family or the student, the aid they receive may or may not play a significant role in canceling out the average costs they incur.

The federal aid for family incomes ranging between US$0-30,000 is a bit higher as the need is also high in that case so the aid provided is US$10,476. Slight change is observed with the changing range from US$30,001-48,000; the aid provided for it is US$10,532. For incomes within US$48,001-75,000, the aid provided is US$7,889. When the income range increases, the aid amount decreases to US$5,777. When the range becomes US$110,000, the aid amount reduces to US$5,033.

Student Loans for Eastern Kentucky University (EKU)

Average Loan Amount Average Loan Amount received per year.

$5,730/Year

Students Taking Out Loans

62%

Loan Default Rate

10.2%

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  • The campus is beautiful with less polluted areas. Everyone on the campus is welcoming and kind. There are no much activities on the campus which is great for those who want to study.

  • There is a variety of cla

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