$4,808

Avg. Federal Grant

$8,107

Avg. Federal Loan

$24,231,447

Total Aid Awarded

Fresno Pacific University Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

79%

Total Aid Amount Average Total Aid Awarded per year.

$24.231M

Financial Aid Official Website

www.fresno.edu/students/student-financial-services

Students can avail of scholarships provided by the university, such as AWA Scholarship Awards, CCNMA Scholarship, Cal Grant A, and Cal Grant B, if they find educational expenses to be on the higher side. 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 $19,183,187. For additional information about financial assistance schemes, one can head over to FPU’s financial aid page at http://www.fresno.edu/students/student-financial-services. The total percentage of candidates applying to Fresno Pacific University who receive the Federal Grant is 52%. Meanwhile, 100% of the applicants receive the Student Grant and 100% are awarded the Institution Grant, while 52% of the students get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $5,094, and the same stands at $7,778 for State Grant awardees and $17,290 for Institution Grant recipients. On the other hand, the average aid received by the Pell Grant awardees is $4,249. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. Those with a family income below $30,000 per annum, would get an average federal aid of $23,242 in a year. The average aid amount stands at $24,726 for an annual family income between $30,001 and $48,000. This amount comes to $25,935 for those who fall under the $48,001-$75,000 family income bracket. Those with an annual income level of $75,001-$110,000 would receive $20,074, while candidates with more than $110,000 of family income receive an average federal aid of $15,963. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for their education. However, student loans attract a certain rate of interest at which the funds are borrowed. Moreover, the funds received through these loans will have to be repaid within a given timeframe. At Fresno Pacific University, the percentage of candidates who opt to avail of student loans is around 63%.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

46%

State Grant Aid

54%

Institution Grant Aid

97%

Pell Grant

46%

Average Aid Awarded

Federal Grant Aid

$4,808

State Grant Aid

$7,615

Institution Grant Aid

$14,665

Pell Grant

$4,613

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

Family Income

Average Federal Aid Per Year

Under $30,000

$21,659

$30,001 - $48,000

$21,597

$48,001 - $75,000

$21,528

$75,001 - $110,000

$18,969

Over $110,000

$15,042

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.

Student Loans for Fresno Pacific University

Average Loan Amount Average Loan Amount received per year.

$8,536/Year

Students Taking Out Loans

63%

Loan Default Rate

5.3%

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