$5,354

Avg. Federal Grant

$6,152

Avg. Federal Loan

$17,843,865

Total Aid Awarded

Eastern Mennonite University (EMU) Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

81%

Total Aid Amount Average Total Aid Awarded per year.

$17.844M

Financial Aid Official Website

https://emu.edu/financial-aid/

As many as 99% of the students at EMU get some sort of financial aid, and the total amount of assistance/loans provided is more than $4,577,447 in a year. At EMU, the total percentage of applicants who receive the Federal Grant stands at 32%. In comparison, 99% of the students are awarded the Student Grant, 99% get the Institution Grant, and 30% of the applicants receive the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $6,701, and the same stands at $3,154 for State Grant awardees and $21,466 for Institution Grant recipients. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,339. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund their education. In contrast to grants and scholarships, student loans are taken by the candidates at a certain rate of interest. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. At EMU, an estimated number of 66% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

38%

State Grant Aid

66%

Institution Grant Aid

100%

Pell Grant

37%

Average Aid Awarded

Federal Grant Aid

$5,354

State Grant Aid

$3,001

Institution Grant Aid

$18,728

Pell Grant

$4,064

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$25,609

$30,001 - $48,000

$23,939

$48,001 - $75,000

$24,509

$75,001 - $110,000

$22,322

Over $110,000

$20,402

Student Loans for Eastern Mennonite University (EMU)

Average Loan Amount Average Loan Amount received per year.

$8,541/Year

Students Taking Out Loans

75%

Loan Default Rate

3.8%

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