Felician University Financial Aid and Scholarships
Students Receiving Aid
90%
Total Aid Amount
$35.329M
Financial Aid Official Website
www.felician.edu/admissions/student-financial-services
Interestingly, almost all of the students at FU receive some sort of financial aid, and the total amount of assistance/loans provided totals more than $8,658,795 in a year. Notably, a total of 63% of the applicants to Felician University receive the Federal Grant every year. In comparison, 100% of the students are awarded the Student Grant, 100% get the Institution Grant, and 63% of the applicants receive the Pell Grant. While the Federal Grant awardees receive an average aid of $5,507, the State Grant receivers and Institution Grant beneficiaries get $10,933 and $19,914, respectively. On the other hand, the average aid received by the Pell Grant awardees is $4,971. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund 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 Felician University, the percentage of candidates who opt to avail of student loans is around 67%.
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