$2,710

Avg. Federal Grant

$8,627

Avg. Federal Loan

$11,500,542

Total Aid Awarded

Fisk University Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

89%

Total Aid Amount Average Total Aid Awarded per year.

$11.501M

Financial Aid Official Website

www.fisk.edu/financial-aid

Among them are scholarship programs such as Chapter 105 - Memphis - Les Segar Memorial Scholarship, Clinton B. Fisk Academic Scholarship, Development Fund for Black Students in Science and Technology Scholarship, and Dr. Richard Forrest & Ella Dudney Kelsey Memorial Scholarship. As many as 94% of the students at FU get some sort of financial aid, and the total amount of assistance/loans provided is more than $7,589,319 in a year. For additional information about financial assistance schemes, one can head over to FU’s financial aid page at http://www.fisk.edu/financial-aid. Notably, a total of 94% of the applicants to Fisk University receive the Federal Grant every year. Meanwhile, 94% of the applicants receive the Student Grant and 38% are awarded the Institution Grant, while 94% of the students get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $4,866, and the same stands at $4,513 for State Grant awardees and $18,041 for Institution Grant recipients. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,314. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. Students whose family income per annum is less than $30,000 will receive a federal aid of $11,040 on average in a year. The average aid amount stands at $8,926 for an annual family income between $30,001 and $48,000. This amount comes to $11,131 for those who fall under the $48,001-$75,000 family income bracket. Meanwhile, the average federal aid for students in the $75,001-$110,000 income bracket is $5,906. And, for those with a family income of more than $110,000, the amount stands at $17,718. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. However, student loans attract a certain rate of interest at which the funds are borrowed. Candidates are also required to repay these loans within a given period. At Fisk University, the percentage of candidates who opt to avail of student loans is around 88%.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

78%

State Grant Aid

28%

Institution Grant Aid

93%

Pell Grant

78%

Average Aid Awarded

Federal Grant Aid

$2,710

State Grant Aid

$3,054

Institution Grant Aid

$8,601

Pell Grant

$2,658

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$10,156

$30,001 - $48,000

$8,065

$48,001 - $75,000

$3,300

$75,001 - $110,000

$5,120

Over $110,000

N/A

Student Loans for Fisk University

Average Loan Amount Average Loan Amount received per year.

$8,909/Year

Students Taking Out Loans

93%

Loan Default Rate

10.1%

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