$6,072

Avg. Federal Grant

$5,587

Avg. Federal Loan

$200,373,739

Total Aid Awarded

Florida International University (FIU) Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

72%

Total Aid Amount Average Total Aid Awarded per year.

$200.374M

Financial Aid Official Website

onestop.fiu.edu/

It is interesting to note that, every year, around 90% of students at FIU receive some kind of financial aid, while the total amount of assistance/loans provided is $103,150,448. For additional information about financial assistance schemes, one can head over to FIU’s financial aid page at http://onestop.fiu.edu/. At FIU, the total percentage of applicants who receive the Federal Grant stands at 48%. In comparison, 88% of the students are awarded the Student Grant, 63% get the Institution Grant, and 47% of the applicants receive the Pell Grant. While the Federal Grant awardees receive an average aid of $5,316, the State Grant receivers and Institution Grant beneficiaries get $5,702 and $3,485, respectively. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,626. 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. 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. Moreover, the funds received through these loans will have to be repaid within a given timeframe. At FIU, an estimated number of 19% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

51%

State Grant Aid

71%

Institution Grant Aid

78%

Pell Grant

51%

Average Aid Awarded

Federal Grant Aid

$6,072

State Grant Aid

$4,234

Institution Grant Aid

$3,416

Pell Grant

$5,882

It is important to realize what number of students get certain aids since it gives the students a smart idea of what's in store from all sorts of assistance they are expecting. Everybody is qualified for financial aid the second they apply for the college through FAFSA form, yet the significant point to raise is how often as well as to whom is a sure aid given.

With regards to awards, students get the chance to take up various awards; government, institutional, or state awards.

  • As per the records observed, 51% of the students are awarded Federal Grant Aid which adds up to at a normal of $6,072.

  • Almost 51% of the students receive Pell Grants which add up to a normal of around $5,882.

  • Roughly 71% of the students are eligible for state awards at a normal of around $4,234.

  • About 78% of the students get institutional awards which add up to a normal of around $3,416.

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$13,086

$30,001 - $48,000

$11,535

$48,001 - $75,000

$8,407

$75,001 - $110,000

$4,163

Over $110,000

$3,058

Financial aid in the form of federal aid is provided to a student, depending on the income of the student or the student’s family. The average federal aid in Florida International University is calculated according to the family income of the student and is segregated into 5 different income brackets.

For a student who has a family income ranging from 0 to $30,000, the average federal aid provided is $13,086 whereas a student having a family income ranging from $30,001 to $48,000 the average federal aid is $11,535

The student who has a family income ranging from $48,001 to $75,000 the average federal aid provided is $8,407 whereas the student having an annual income ranging from $75,001 to $110,000 the average federal provided is around $4,163. And the student having an annual income range greater than $110,000, the average federal aid provided is $3,058.

Student Loans for Florida International University (FIU)

Average Loan Amount Average Loan Amount received per year.

$6,154/Year

Students Taking Out Loans

22%

Loan Default Rate

3.7%

Almost 22% of the students of Florida International University takes out a loan for studying at the college. The average amount of these loans can be summed to an approximate amount of $6,154 per annum. The default rate at which these loans are taken is around 3.7%.

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