Eastern University Financial Aid and Scholarships
Students Receiving Aid
90%
Total Aid Amount
$29.190M
Financial Aid Official Website
https://www.eastern.edu/offices-centers/financial-aid-office
Students can avail of scholarships provided by the university, such as Carnegie Dartlet $10,000 Scholarship, Community Service Scholarship for Multicultural Students, Joseph P. Gavenonis Scholarship, and Log Cabin Rustics Scholarship, if they find educational expenses to be on the higher side. It is interesting to note that, every year, around 99% of students at EU receive some kind of financial aid, while the total amount of assistance/loans provided is $9,532,635. The total percentage of candidates applying to Eastern University who receive the Federal Grant is 48%. In comparison, 99% of the students are awarded the Student Grant, 99% get the Institution Grant, and 48% of the applicants receive the Pell Grant. While the Federal Grant awardees receive an average aid of $5,111, the State Grant receivers and Institution Grant beneficiaries get $3,570 and $19,980, respectively. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,386. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. 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. Moreover, the funds received through these loans will have to be repaid within a given timeframe. At Eastern University, the percentage of candidates who opt to avail of student loans is around 77%.
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