$5,045

Avg. Federal Grant

$5,451

Avg. Federal Loan

$11,308,595

Total Aid Awarded

Eastern Oregon University (EOU) Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

67%

Total Aid Amount Average Total Aid Awarded per year.

$11.309M

Financial Aid Official Website

www.eou.edu/fao/

Such schemes include 'Better A Life' Scholarship, 'Why Not?' Scholarship, Anna F. Jones Scholarship, and Ben Walker/Mikael Nickolauson Thurston High School Memorial Scholarship. Notably, 97% of the students at Eastern Oregon University get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $9,362,556. Notably, a total of 52% of the applicants to Eastern Oregon University receive the Federal Grant every year. On the other hand, 93% of the candidates get the Student Grant, 81% receive the Institution Grant, and 52% get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $4,876, and the same stands at $2,724 for State Grant awardees and $3,539 for Institution Grant recipients. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,614. 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. However, student loans attract a certain rate of interest at which the funds are borrowed. Moreover, the funds received through these loans will have to be repaid within a given timeframe. At EOU, an estimated number of 55% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

43%

State Grant Aid

27%

Institution Grant Aid

86%

Pell Grant

43%

Average Aid Awarded

Federal Grant Aid

$5,045

State Grant Aid

$2,295

Institution Grant Aid

$2,639

Pell Grant

$4,902

EOU gives ample opportunities to its students to get the required financial assistance from its financial aid office. Therefore, it is also required for students to know the scope and share of different types of aid provided to them.

  • The percentage of students receiving aid comes to about 67%.

  • The percentage of students receiving Federal Grant Aid is 43%

  • The average aid given under Pell Grant is $4,902.

  • The average aid given under State Grant is $2,295.

  • The average aid given under Institution Grant is $2,639.

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$9,250

$30,001 - $48,000

$9,076

$48,001 - $75,000

$3,746

$75,001 - $110,000

$2,648

Over $110,000

$2,609

At EOU, financial assistance is also provided on the basis of your family’s income. The family income under $30,000 per annum would get around $9,250 as financial aid. In the same way those with $30,001 - $48,000 and $48,001 to $75,000 would get $9,076 and $3,746 respectively. While those who hold the income level of $75,001 - $110,000 and $110,000+ would receive $2,648 and $2,609.

Student Loans for Eastern Oregon University (EOU)

Average Loan Amount Average Loan Amount received per year.

$6,096/Year

Students Taking Out Loans

57%

Loan Default Rate

8.6%

Loans are a form of financial aid that has to be repaid, with interest, even after graduation.

What is the total loan amount that I’ll be receiving?

Around 57% of total number of students end up taking loans after becoming a part of EOU with the average loan amount that a student can receive being $6,096.

So, the percentage of all outstanding loans that a lender has written off after a prolonged period of missed payment is 8.6%

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