$4,520

Avg. Federal Grant

$4,356

Avg. Federal Loan

$24,764,023

Total Aid Awarded

Francis Marion University (FMU) Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

78%

Total Aid Amount Average Total Aid Awarded per year.

$24.764M

Financial Aid Official Website

www.fmarion.edu/enrollment/financialassistance

Such schemes include Academic Distinction Scholarship, Academic Fellows Scholarship, Academic Patriot Scholarship, and C.G. Fuller Foundation Scholarship. Interestingly, almost all of the students at FMU receive some sort of financial aid, and the total amount of assistance/loans provided totals more than $18,943,512 in a year. At FMU, the total percentage of applicants who receive the Federal Grant stands at 60%. On the other hand, 96% of the candidates get the Student Grant, 32% receive the Institution Grant, and 60% get the Pell Grant. While the Federal Grant awardees receive an average aid of $5,290, the State Grant receivers and Institution Grant beneficiaries get $4,701 and $5,314, respectively. On the other hand, the average aid received by the Pell Grant awardees is $5,013. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund their education. In contrast to grants and scholarships, student loans are taken by the candidates at a certain rate of interest. Candidates are also required to repay these loans within a given period. At Francis Marion University, the percentage of candidates who opt to avail of student loans is around 69%.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

67%

State Grant Aid

89%

Institution Grant Aid

26%

Pell Grant

60%

Average Aid Awarded

Federal Grant Aid

$4,520

State Grant Aid

$4,717

Institution Grant Aid

$6,173

Pell Grant

$4,965

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$10,708

$30,001 - $48,000

$9,627

$48,001 - $75,000

$6,027

$75,001 - $110,000

$4,535

Over $110,000

$2,526

Student Loans for Francis Marion University (FMU)

Average Loan Amount Average Loan Amount received per year.

$4,629/Year

Students Taking Out Loans

91%

Loan Default Rate

8.4%

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