Avg. Federal Grant
Avg. Federal Loan
Total Aid Awarded
Financial Aid Breakdown
As already discussed above, we find that Federal loans receive a large weightage in terms of being a ready financial aid provided by the government. The average of Federal Loan that a student can avail is about US$8,107. Almost 79% of students opt for a federal loan. The university directs a total of US$24,231,447 towards financial aid.
PELL Grants and Federal Grants serve around 46% students only. The amount that you can avail in the form of PELL Grants and Federal Grants is about US$4,613 and US$4,808. State Grants on an average amount to a sum of US$7,615 and 54% students actually receive them.
The university also steps ahead and provides institutional grants of about US$14,665 to the deserving candidates from its own endowment and alumni funds. Majority of 97% students are entitled to receive these institutional grants.
Apart from these, students also apply for loans. the average student loan amounts to US$8,536. Only a percentage of 63% students opt for student loans. However, it has been noted that the default rate is also very low at just 5.3% of these student loans which shows that it might not be a very bad idea to undertake student loans for any prospective students of the Fresno University.
Federal Aid based on Family Income
We have further tried to present to you the available data under each family income bracket in order to facilitate your investment decision.
This might look like the following. If your family income is under US$30,000 then you might be sure of receiving a basic amount of US$21,659 as financial aid and if it is of a range from US$30,001 - US$48,000 you might as well can expect the same amount to be US$21,597. The figures that you see here are based on observed values of financial aid in respect with the family income of past students.
For any family income that lies somewhere between US$48,001 to US$75,000 the financial aid that you might expect to receive can be close enough to a figure of US$21,528. In the same manner a family income falling under the range of US$75,001 - US$110,000 can avail for a financial aid up to almost US$18,969. The following data might show a downward trend if the income range is over and above US$110,000 and fetch a comparatively lower amount of US$15,042.