$4,336

Avg. Federal Grant

$5,501

Avg. Federal Loan

$23,386,257

Total Aid Awarded

Franciscan University of Steubenville Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

92%

Total Aid Amount Average Total Aid Awarded per year.

$23.386M

Financial Aid Official Website

www.franciscan.edu/sfs/new/

Among them are scholarship programs such as Dr. Allen Smith Memorial Scholarship, Education Foundation Scholarship, Educational Assistance Commitment Grant, and Franciscan University of Steubenville - Tuition Waiver Exchange Program. Notably, almost all of the university students get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $8,638,727. At FUS, the total percentage of applicants who receive the Federal Grant stands at 26%. Meanwhile, 100% of the applicants receive the Student Grant and 97% are awarded the Institution Grant, while 26% of the students get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $3,854, and the same stands at $2,030 for State Grant awardees and $10,891 for Institution Grant recipients. And, for the Pell Grant awardees, the average aid amount is $4,190. 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. In contrast to grants and scholarships, student loans are taken by the candidates at a certain rate of interest. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. At Franciscan University of Steubenville, the percentage of candidates who opt to avail of student loans is around 79%.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

24%

State Grant Aid

7%

Institution Grant Aid

97%

Pell Grant

23%

Average Aid Awarded

Federal Grant Aid

$4,336

State Grant Aid

$1,808

Institution Grant Aid

$10,400

Pell Grant

$4,329

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$19,969

$30,001 - $48,000

$17,642

$48,001 - $75,000

$17,551

$75,001 - $110,000

$14,749

Over $110,000

$9,780

Student Loans for Franciscan University of Steubenville

Average Loan Amount Average Loan Amount received per year.

$7,334/Year

Students Taking Out Loans

85%

Loan Default Rate

3.2%