$5,279

Avg. Federal Grant

$5,551

Avg. Federal Loan

$17,237,254

Total Aid Awarded

Faulkner University Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

73%

Total Aid Amount Average Total Aid Awarded per year.

$17.237M

Financial Aid Official Website

www.faulkner.edu/undergrad/tuition-financial-aid/

It is interesting to note that, every year, around 99% of students at FU receive some kind of financial aid, while the total amount of assistance/loans provided is $12,846,752. One can visit FU's financial aid page at http://www.faulkner.edu/undergrad/tuition-financial-aid/ for more information. Notably, a total of 55% of the applicants to Faulkner University receive the Federal Grant every year. In comparison, 99% of the students are awarded the Student Grant, 92% get the Institution Grant, and 55% of the applicants receive the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $5,274, and the same stands at $1,032 for State Grant awardees and $11,441 for Institution Grant recipients. And, for the Pell Grant awardees, the average aid amount is $4,541. 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. Those with a family income below $30,000 per annum, would get an average federal aid of $6,858 in a year. For the $30,001-$48,000 and $48,001-$75,000 family income brackets, the average aid amount stands at $7,331 and $9,261, respectively. Meanwhile, the average federal aid for students in the $75,001-$110,000 income bracket is $9,433. And, for those with a family income of more than $110,000, the amount stands at $10,051. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. But, they should understand that student loans are borrowed at a certain rate of interest, unlike grants and scholarships. Moreover, the funds received through these loans will have to be repaid within a given timeframe. Every year, around 80% of the applicants to Faulkner University opt for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

55%

State Grant Aid

64%

Institution Grant Aid

94%

Pell Grant

55%

Average Aid Awarded

Federal Grant Aid

$5,279

State Grant Aid

$909

Institution Grant Aid

$9,390

Pell Grant

$4,582

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$7,281

$30,001 - $48,000

$8,823

$48,001 - $75,000

$10,570

$75,001 - $110,000

$9,544

Over $110,000

$7,443

Student Loans for Faulkner University

Average Loan Amount Average Loan Amount received per year.

$5,946/Year

Students Taking Out Loans

75%

Loan Default Rate

12.5%

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