$6,227

Avg. Federal Grant

$5,129

Avg. Federal Loan

$120,868,505

Total Aid Awarded

Florida Atlantic University (FAU) Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

57%

Total Aid Amount Average Total Aid Awarded per year.

$120.869M

Financial Aid Official Website

www.fau.edu/finaid/

Florida Atlantic University (FAU) believes that in order to encourage students to become better future leaders, they must pursue their higher studies and strive to excel in academia. But this can come at a great financial cost. FAU assists them with an assortment of scholarships, grants, work study and loans to lift that hurdle and push the students forward. In some cases, you are required to fill the FAFSA form and check certain eligibility criteria to avail these aids in order to fund your academics.

Scholarships

To date, 57% of the enrolled candidates under FAU have received various awards for their academic performance and achievements. A total of $120,868,505 has been provided to support students in pursuing their undergraduate and graduate degrees.

With the help of scholarships, one may easily graduate rather than putting up thoughts over having debts to pay their semester fees.

  • Transfer Education Achievement Award: This applies for incoming junior transfer students with a minimum GPA score of 3.0 secured from one of the institutions recognized by the Florida College System.

  • Woodford Zimmerman Memorial Scholarship Endowment: Students with demonstrated financial need and 25 years of age or more may apply.

  • Minnie Hyman Scholarship Fund: A renewable scholarship for sophomores, juniors and seniors .

  • FAU Club/ Kay S. Lioy Scholarship: Any FAU employee, his/her spouse or children with the least GPA of 2.0 may be considered for this financial aid.

  • Ernest and Thea Kahn Endowed Scholarship Fund: It is mandatory for the students to attend any public, private or parochial high school at Palm Beach Country.

There are about 2 types of Merit scholarships:

  • Spirit of Atlantic Scholarship: A four year merit based scholarship applicable to full time enrollment students where the fund is disbursed every semester.

  • FAU 100 Scholarship: This is similar to the scholarship mentioned above. However, Honors College students are not allowed to avail these scholarships.

If you wish to look through in more detail, visit FAU Scholarships page.

Grants

Federal Grants

  • Federal Pell Grant Program: The Pell Grant is automatically accepted by FAU. Freshers pursuing their first baccalaureate degree may be eligible for it as long as their need for financial support is substantial in the eyes of the university.

  • Federal Supplemental Educational Opportunity Grant Program (FSEOG) : These are limited funds offered to new baccalaureate degree students.

State Grants

  • Florida State Grants: A $200 - $2,600 award is offered every  academic year to first degree undergraduates who attend public Florida Institutions.

  • Benacquisto Scholarship Program: A merit based scholarship for high school graduates who have been recognized as National Merit Scholars.

  • Iraq and Afghanistan Service Grant: Those not eligible for Pell Grants may apply provided their parents served the U.S. military and lost lives.

  • Children of Fallen Heroes Scholarship: You may receive a maximum pell grant only if your guardian served for public safety and devoted their lives for that.

Institutional Grants

  • FAU Grants: These are limited funds offered to undergraduates and graduates considering their priority.

  • FAU Academic Achievement Grants: This applies for non-transfer students where the amount is restricted to financial need and academic profile of students.

  • FAU Academic Grants: This is quite similar to achievement grants but for renewable one must possess an expected family contribution of $10,000 or less and a minimum GPA of 3.0.

  • FAU Transfer Grants: This is specifically targeted towards undergraduate transfer candidates.

You may refer to FAU Grants to get a clear view regarding the eligibility and purpose for every grant offered.

Loans

Federal Direct Loans: Students pursuing undergraduate and graduate degrees who have enrolled at least half time may apply for these loans. There are a few kinds of Direct Loans students may apply for:

  • Subsidized Federal Direct Loans: These are applicable for dependent undergraduate students who need not pay the least of interests charged against these loans. The borrowing limits are confined to $5,500 for freshmen, $6,500 in case of sophomores and beyond sophomore standing the amount reaches as far as $7,500.

  • Unsubsidized Federal Direct Loans: For graduates who have failed to qualify for subsidized loans, are eligible for unsubsidized loans where they are allowed to borrow up to $20,500 per year.

  • Federal PLUS Loans: Parents of dependent undergraduates and graduates are open to apply for these low interest loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

39%

State Grant Aid

53%

Institution Grant Aid

51%

Pell Grant

39%

Average Aid Awarded

Federal Grant Aid

$6,227

State Grant Aid

$4,236

Institution Grant Aid

$4,769

Pell Grant

$6,112

The federal, state and institutional grants serve the students of Florida Atlantic University with sufficient and reasonable figures to help them choose the right aid to afford their education for a bright future. The university's contribution in frame includes:

  • Federal Grants: This caters to an approximate portion of 39% students with an average aid of $6,227.

  • Pell Grants: Around 39% of the students are offered with an average aid amounting to $6,112.

  • State Grants: This serves around 53% of the students with an average aid of $4,236.

  • Institutional Grants: This caters 51% of the students with an aid of $4,769 in average.

  • An average $5,129 of federal loans is offered by FAU for financial support to the students.

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$14,384

$30,001 - $48,000

$12,226

$48,001 - $75,000

$7,869

$75,001 - $110,000

$3,069

Over $110,000

$2,051

A rapid decrease in financial aid is observed from the lower income groups to the higher income groups. Groups with income below $75,000 receive financial aid of $14,384, $12,226 and $7,869, which denotes income group ranges fluctuating from $0 - $30,000, $30,001 - $48,000 and $48,001 - $75,000 in order.

The median and average financial aid received by students amounts to $7,869 and $7,920, respectively.

The higher income groups of range $75,001 - $110,000 and above $110,000 receive aids of $3,069 and $2,051, respectively. This portrays the significant difference in financial aid among various income groups. Through this you can estimate the kind of aid you may receive depending upon your income.

Student Loans for Florida Atlantic University (FAU)

Average Loan Amount Average Loan Amount received per year.

$6,167/Year

Students Taking Out Loans

38%

Loan Default Rate

3.2%

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