$4,995

Avg. Federal Grant

$5,378

Avg. Federal Loan

$21,112,937

Total Aid Awarded

Frostburg State University (FSU) Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

61%

Total Aid Amount Average Total Aid Awarded per year.

$21.113M

Financial Aid Official Website

www.frostburg.edu/admissions-and-cost/financial-aid/index.php

Among them are scholarship programs such as Academic Excellence Leadership Award, Academic Excellence Scholarship for Entering Freshmen, Annual Fund Award for Excellence, and Christa McAuliffe Scholarship. It is interesting to note that, every year, around 92% of students at FSU receive some kind of financial aid, while the total amount of assistance/loans provided is $15,451,438. At FSU, the total percentage of applicants who receive the Federal Grant stands at 39%. In comparison, 79% of the students are awarded the Student Grant, 73% get the Institution Grant, and 39% of the applicants receive the Pell Grant. While the Federal Grant awardees receive an average aid of $4,990, the State Grant receivers and Institution Grant beneficiaries get $4,358 and $3,179, respectively. And, for the Pell Grant awardees, the average aid amount is $4,491. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. 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. Candidates are also required to repay these loans within a given period. At Frostburg State University, the percentage of candidates who opt to avail of student loans is around 61%.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

44%

State Grant Aid

33%

Institution Grant Aid

64%

Pell Grant

44%

Average Aid Awarded

Federal Grant Aid

$4,995

State Grant Aid

$4,540

Institution Grant Aid

$3,240

Pell Grant

$4,850

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$12,702

$30,001 - $48,000

$9,927

$48,001 - $75,000

$5,231

$75,001 - $110,000

$1,725

Over $110,000

$1,309

Student Loans for Frostburg State University (FSU)

Average Loan Amount Average Loan Amount received per year.

$7,067/Year

Students Taking Out Loans

67%

Loan Default Rate

8.7%

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