$6,195

Avg. Federal Grant

$5,547

Avg. Federal Loan

$70,147,822

Total Aid Awarded

Fairleigh Dickinson University (FDU) Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

57%

Total Aid Amount Average Total Aid Awarded per year.

$70.148M

Financial Aid Official Website

view2.fdu.edu/admissions/financial-aid/

It is interesting to note that almost every student at FDUMC receives some kind of financial aid, while the total amount of provided assistance/loans in a year is $14,536,896. The total percentage of candidates applying to Fairleigh Dickinson University-Metropolitan Campus who receive the Federal Grant is 56%. In comparison, 100% of the students are awarded the Student Grant, 99% get the Institution Grant, and 56% of the applicants receive the Pell Grant. While the Federal Grant awardees receive an average aid of $5,840, the State Grant receivers and Institution Grant beneficiaries get $10,650 and $26,746, respectively. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,859. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for their education. 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 FDUMC, an estimated number of 66% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

59%

State Grant Aid

49%

Institution Grant Aid

98%

Pell Grant

59%

Average Aid Awarded

Federal Grant Aid

$6,195

State Grant Aid

$10,731

Institution Grant Aid

$26,446

Pell Grant

$5,265

Over 57% of the student body receives some form of financial assistance at Fairleigh Dickinson University. The university manages approximately $70 million in student financial aid for eligible students, from a variety of sources.

Here is a detailed breakdown of the financial aid received by the students at FDU:

  • Almost 59% of students receive the Federal grant aid of $6,195.
  • Pell grants are received by approximately 59% of students and the amount offered is around $5,265.
  • The State grant aid is received by approximately 49% of the students with a total average amount of $10,731.
  • The institutional grant aid is received by almost all students with the total average amount of $26,446.

Get more information on Federal and private loans and other loan-related queries here.

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$40,055

$30,001 - $48,000

$37,970

$48,001 - $75,000

$33,668

$75,001 - $110,000

$26,907

Over $110,000

$27,771

As stated above, the students at Fairleigh Dickinson University receive financial aid based on their contested needs. Below is the consolidated data on how much financial aid a student should expect based on their family income bracket:

Students whose family income is below $30,000 or fall between $30,001 and $48,000 may expect an average aid amount of $40,055 and $37,970 respectively. The average aid for students whose family income is in the bracket of $48,001 and $75,000 may expect an average aid of $33,668.

Higher-income brackets may not avail as much and receive an average of $26,907 and $27,771 for the income brackets of $75,001 to $110,000 and $110,000 plus respectively.

Student Loans for Fairleigh Dickinson University (FDU)

Average Loan Amount Average Loan Amount received per year.

$7,244/Year

Students Taking Out Loans

67%

Loan Default Rate

7.6%

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