$4,870

Avg. Federal Grant

$5,399

Avg. Federal Loan

$78,858,843

Total Aid Awarded

Fairfield University Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

83%

Total Aid Amount Average Total Aid Awarded per year.

$78.859M

Financial Aid Official Website

fairfield.edu/admissionaid/financialaidtuition/undergraduatefinancialaidtuition/

As many as 96% of the students at FU get some sort of financial aid, and the total amount of assistance/loans provided is more than $13,879,945 in a year. For additional information about financial assistance schemes, one can head over to FU’s financial aid page at http://fairfield.edu/admissionaid/financialaidtuition/undergraduatefinancialaidtuition/. At FU, the total percentage of applicants who receive the Federal Grant stands at 10%. Meanwhile, 94% of the applicants receive the Student Grant and 94% are awarded the Institution Grant, while 10% of the students get the Pell Grant. And, for the Pell Grant awardees, the average aid amount is $4,937. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. Students whose family income per annum is less than $30,000 will receive a federal aid of $41,584 on average in a year. For the $30,001-$48,000 and $48,001-$75,000 family income brackets, the average aid amount stands at $36,095 and $30,107, respectively. Meanwhile, the average federal aid for students in the $75,001-$110,000 income bracket is $26,070. And, for those with a family income of more than $110,000, the amount stands at $19,815. 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. Moreover, the funds received through these loans will have to be repaid within a given timeframe. Every year, around 54% of the applicants to Fairfield University opt for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

11%

State Grant Aid

N/A

Institution Grant Aid

88%

Pell Grant

11%

Average Aid Awarded

Federal Grant Aid

$4,870

State Grant Aid

$850

Institution Grant Aid

$23,520

Pell Grant

$4,446

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$34,505

$30,001 - $48,000

$33,781

$48,001 - $75,000

$31,520

$75,001 - $110,000

$30,473

Over $110,000

$19,446

Student Loans for Fairfield University

Average Loan Amount Average Loan Amount received per year.

$9,106/Year

Students Taking Out Loans

55%

Loan Default Rate

1.9%

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#N/A

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