OVERVIEW PROGRAMS AND TUITION ADMISSIONSFINANCIAL AID

Florida Memorial University Financial Aid and Scholarships 2022

Florida Memorial University is a private, Baptist university located in Miami-Dade, FL. Florida Memorial University covers an area of 44 acres. It was in 1879 when the Florida Memorial University was founded. Florida Memorial University believes in imparting education and contributing to society by focusing on innovation, research, education, and commitment. The motto of the university is Leadership, Character, Service and its official colors are royal blue & orange. In addition to over 1,050

Florida Memorial University Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

96%

Total Aid Amount Average Total Aid Awarded per year.

$12.661M

Financial Aid Official Website

www.fmuniv.edu/home/financial-aid

It is interesting to note that, every year, around 94% of students at FMU receive some kind of financial aid, while the total amount of assistance/loans provided is $5,541,244. One can visit FMU's financial aid page at http://www.fmuniv.edu/home/financial-aid for more information. The total percentage of candidates applying to Florida Memorial University who receive the Federal Grant is 76%. Meanwhile, 86% of the applicants receive the Student Grant and 17% are awarded the Institution Grant, while 76% of the students get the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $5,867, while the same comes to $6,055 for State Grant receivers and $6,116 for Institution Grant awardees. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $5,532. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. Those with a family income below $30,000 per annum, would get an average federal aid of $10,253 in a year. The average aid amount stands at $9,500 for an annual family income between $30,001 and $48,000. This amount comes to $7,900 for those who fall under the $48,001-$75,000 family income bracket. On the other hand, the average federal aid stands at $5,900 for those with an annual family income between $75,001 and $110,000, and at $5,130 for an income more than $110,000. 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. Candidates are also required to repay these loans within a given period. At FMU, an estimated number of 56% of the applicants choose to go for student loans.

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