$4,669

Avg. Federal Grant

$5,513

Avg. Federal Loan

$13,648,601

Total Aid Awarded

Framingham State University (FSU) Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

58%

Total Aid Amount Average Total Aid Awarded per year.

$13.649M

Financial Aid Official Website

www.framingham.edu/admissions-and-aid/financial-aid/index

It is interesting to note that, every year, around 93% of students at FSU receive some kind of financial aid, while the total amount of assistance/loans provided is $15,922,237. One can visit FSU's financial aid page at http://www.framingham.edu/admissions-and-aid/financial-aid/index for more information. Notably, a total of 39% of the applicants to Framingham State University receive the Federal Grant every year. In comparison, 59% of the students are awarded the Student Grant, 51% get the Institution Grant, and 39% of the applicants receive the Pell Grant. While the Federal Grant awardees receive an average aid of $4,811, the State Grant receivers and Institution Grant beneficiaries get $2,856 and $2,075, respectively. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,498. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund their education. But, they should understand that student loans are borrowed at a certain rate of interest, unlike grants and scholarships. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. At Framingham State University, the percentage of candidates who opt to avail of student loans is around 66%.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

47%

State Grant Aid

59%

Institution Grant Aid

59%

Pell Grant

47%

Average Aid Awarded

Federal Grant Aid

$4,669

State Grant Aid

$2,447

Institution Grant Aid

$2,072

Pell Grant

$4,541

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$10,215

$30,001 - $48,000

$9,494

$48,001 - $75,000

$5,977

$75,001 - $110,000

$2,218

Over $110,000

$518

Student Loans for Framingham State University (FSU)

Average Loan Amount Average Loan Amount received per year.

$7,469/Year

Students Taking Out Loans

74%

Loan Default Rate

5.4%

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