$4,705

Avg. Federal Grant

$6,241

Avg. Federal Loan

$13,725,029

Total Aid Awarded

Friends University Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

76%

Total Aid Amount Average Total Aid Awarded per year.

$13.725M

Financial Aid Official Website

www.friends.edu/financial-aid

Students can avail of scholarships provided by the university, such as Albert M. Lappin Scholarship, Alumni Scholarship, Church Match Scholarship, and Davis Scholarship, 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 $5,659,487. One can visit FU's financial aid page at http://www.friends.edu/financial-aid for more information. The total percentage of candidates applying to Friends University who receive the Federal Grant is 45%. On the other hand, 100% of the candidates get the Student Grant, 100% receive the Institution Grant, and 45% get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $4,617, and the same stands at $3,011 for State Grant awardees and $14,791 for Institution Grant recipients. And, for the Pell Grant awardees, the average aid amount is $4,261. 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. Students whose family income per annum is less than $30,000 will receive a federal aid of $16,694 on average in a year. Candidates who come under the $30,001-$48,000 family income bracket receive an average aid of $12,902, while those falling in the $48,001-$75,000 income category get $14,802 a year. Those with an annual income level of $75,001-$110,000 would receive $15,018, while candidates with more than $110,000 of family income receive an average federal aid of $13,573. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. However, student loans attract a certain rate of interest at which the funds are borrowed. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. Every year, around 79% of the applicants to Friends University opt for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

43%

State Grant Aid

48%

Institution Grant Aid

99%

Pell Grant

43%

Average Aid Awarded

Federal Grant Aid

$4,705

State Grant Aid

$3,070

Institution Grant Aid

$15,386

Pell Grant

$4,352

The distribution of the financial aid among the students based on which type of assistance they are eligible is given below. The types of aid received by the studenta along with the average aid amount received is given below:

  • The federal grants are offered to 43% of the students and the total amount received by the student is $4,705.

  • About 43% of the students are receiving Pell grants with a total average aid amount of $4,352.

  • Friends University offers Institutional aid and 99% students have been given this grant with an average aid amount of $15,386.

  • When it comes to State Aid grant students receiving state aid are 48% and the average amount stands at $3,070.

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$21,882

$30,001 - $48,000

$23,436

$48,001 - $75,000

$18,991

$75,001 - $110,000

$18,752

Over $110,000

$16,789

Friends University provides financial assistance to the students based on the income of the family. Students can expect their financial help based on the income slab they fall in.

  • Students whose family income is below $30,000 or fall between $30,000 and $48,000 may avail an average aid amount of $21,882 and $23,436 respectively. 

  • The median aid is considered to fall to those who earn between $48,001 and $75,000, which is a total average amount of $18,991. Higher income brackets may not avail as much, comparatively. 

  • Those that earn between $75,001 to $100,000 will receive an average of about $18,752 whereas those who earn more than $110,000 will receive a substantially low amount of $16,789.

Student Loans for Friends University

Average Loan Amount Average Loan Amount received per year.

$7,488/Year

Students Taking Out Loans

72%

Loan Default Rate

5.6%

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