$4,701

Avg. Federal Grant

$11,130

Avg. Federal Loan

$87,130,294

Total Aid Awarded

Full Sail University Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

68%

Total Aid Amount Average Total Aid Awarded per year.

$87.130M

Financial Aid Official Website

www.fullsail.edu/admissions/financial-aid

Notably, 81% of the students at Full Sail University get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $116,113,029. For additional information about financial assistance schemes, one can head over to FSU’s financial aid page at http://www.fullsail.edu/admissions/financial-aid. At FSU, the total percentage of applicants who receive the Federal Grant stands at 56%. In comparison, 77% of the students are awarded the Student Grant, 52% get the Institution Grant, and 56% of the applicants receive the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $4,448, and the same stands at $1,679 for State Grant awardees and $6,885 for Institution Grant recipients. And, for the Pell Grant awardees, the average aid amount is $4,326. 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. Those with a family income below $30,000 per annum, would get an average federal aid of $7,227 in a year. For the $30,001-$48,000 and $48,001-$75,000 family income brackets, the average aid amount stands at $8,754 and $7,523, respectively. On the other hand, the average federal aid stands at $7,553 for those with an annual family income between $75,001 and $110,000, and at $7,291 for an income more than $110,000. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund 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 Full Sail University, the percentage of candidates who opt to avail of student loans is around 68%.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

55%

State Grant Aid

9%

Institution Grant Aid

56%

Pell Grant

55%

Average Aid Awarded

Federal Grant Aid

$4,701

State Grant Aid

$1,370

Institution Grant Aid

$7,658

Pell Grant

$4,465

The table here represents that the financial aid provided by Full Sail University is sub-divided in four separate categories which are Federal Grants, Pell Grants, State Grants and Institutional Grants to be named correct. Within the grants that are provided by the University the aid is the one that covers the most percentage of students is Institutional Grants which is about 56% but not only this the average grant amount provided under this category of aid for the University is the highest among the mentioned categories of grants and is around $7,658.

Now if we consider the state grant aid it is the lowest when compared to the coverage of other grants mentioned in the table above, around 9% only and the average amount assigned under this scheme is $1,370 which is also the lowest amount offered in between all these grants. For the case of Pell grant aid and the Federal grant aid the percentage coverage is about 55% for both. The amount provided under Pell grant aid is $4,465 and for the Federal grant aid the average amount provided under this scheme is $4,701.

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$8,168

$30,001 - $48,000

$9,961

$48,001 - $75,000

$9,231

$75,001 - $110,000

$8,362

Over $110,000

$7,683

As presented in the above table the federal aid provisions which are provided to the students of the university majorly depend on the financial conditions and the annual family income of the students. As one can find in the table above the students whose family income is below $30,000 per annum they are receiving a federal amount aid of $8,168. Now for the students of $30,001 to $48,000 family income category the amount allotted to these students is $9,961.

This federal aid amount provided by the university decreases gradually from here as the financial conditions of the students strengthen or in other words the family income on annual basis increases as shown in the table the federal aid provided to the students who belongs to families with an annual income of $48,001 to $75,000 is about $9,231. After this the federal aid provided for the annual income of $75,001 to $110,000 is $8,362 which is less than the previous category and the category that follows it which is more than $110,000 the federal aid provided is $7,683.

Student Loans for Full Sail University

Average Loan Amount Average Loan Amount received per year.

$14,118/Year

Students Taking Out Loans

69%

Loan Default Rate

13%

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