Francis Marion University (FMU) Financial Aid and Scholarships
Students Receiving Aid
78%
Total Aid Amount
$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%.
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