$4,539

Avg. Federal Grant

$5,629

Avg. Federal Loan

$53,088,227

Total Aid Awarded

Gannon University Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

82%

Total Aid Amount Average Total Aid Awarded per year.

$53.088M

Financial Aid Official Website

www.gannon.edu/Financial-Aid/

Gannon University offers various kinds of financial aid and assistance to students, such as scholarships - which are either state-sponsored or offered by the institution - grants, loans, etc. It is good to know that more than 82% of students at Gannon University are able to offer total financial aid of $53,088,227, which is quite an optimistic statistic.

Scholarships

There are various kinds of scholarships at Gannon University few can be renewable, few are not. Every scholarship is based on different eligibility criteria and may have a different awarding amount, students can avail the benefit of these scholarships by exhibiting the financial need and fulfilling the requirement determined by the office of financial aid.

  • Presidential Scholarship: This scholarship offers a full tuition waiver to the students if they register for this scholarship before the due date. Presidential Scholarship is a very competitive scholarship, and up to 10 participants from the selected students can get a full tuition waiver where they proceed for a scholarship contest as per the university requirement.

  • Founder’s Scholarship: The student who makes it toward the scholarship contest their merit award can be increased by $1,500. In contrast, the founder’s scholarship provides an award amount up to $22,500, as well as only the top 10 students will make up to be awarded by full scholarship amount.

  • Academic Excellence Award: This scholarship amounts up to $20,000 to $21,000, and all eligible students selected for the academic excellence award have the opportunity to increase their scholarship amount and convert this scholarship into presidential or founder’s scholarships. The student eligibility for this award based on the ACT/SAT score as well as on the student academic merit.

  • Gannon Transfer Scholarship: This scholarship is exclusively for transfer students and is based on a GPA of previous high school. The amount which a student can expect to receive is $15,000.

For more information regarding the scholarship, you may contact their representative through the website.

Grants

State Grants

  • Pennsylvania State Grant: This grant is exclusively offered to the residents of Pennsylvania, which award the amount of $500 to $4,030, whereas the awarded amount can vary as per the need of the student. This is a need-based grant, and students must fulfill the FAFSA to match the eligibility determined by the office of financial aid.

Federal Grants

  • Pell Grant: Pell grant is offered to the students who have not received their first bachelor’s degree, and they demonstrate the significant financial need by fulfilling the FAFSA form. The award amount students can receive under this grant is $636 to $6,345 according to their needs.

Institutional Grant

  • University Grant: Under this grant, the university offers an amount based on the financial need which is demonstrated by the student by fulfilling FAFSA. In this grant, the amount may vary and it is not disclosed under university guidelines.

For more information regarding the grants and FAFSA, you may contact their representative through the website.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

39%

State Grant Aid

41%

Institution Grant Aid

95%

Pell Grant

38%

Average Aid Awarded

Federal Grant Aid

$4,539

State Grant Aid

$3,436

Institution Grant Aid

$18,583

Pell Grant

$4,480

Financial aid breakdown helps students and families to drive the idea of what is the realistic scenario of grant availability at Gannon University. Financial aid breakdown exhibits the percentage of different grants received by the students and what is the average amount they receive in a particular grant.

  • 39% of students receive federal grant aid, with an average of $4,539.

  • Approximately, 38% of the student receives a pell grant, which amounts to an average of $4,480.

  • 41% of students receive state grants, with an average of $3,436.

  • 95% of the students receive the institutional grant at an average of $18,583.

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$25,096

$30,001 - $48,000

$25,756

$48,001 - $75,000

$21,937

$75,001 - $110,000

$20,725

Over $110,000

$18,247

Breakdown of financial aid is also prepared on the family income to give a broader outlook on what students and families expect the amount of financial aid on their respective annual income. Financial aid breakdown helps students and families to determine which college they can afford to study and to make long to term budget planning. That is why the financial breakdown is based on family income as well as classified in the 5 income group which helps in the taking decision and ease down the analysis by the students and family.

  • The average federal assistance received for a student with a family income ranging from $0 to $30,000 is $25,096.

  • Students with a family income ranging from $ 30,001 to $48,000 their average aid is $25,756

  • The student has a family income ranging from $48,001 to $75,000; the average federal aid received by them is $21,937

  • In contrast, the student with an annual income ranging from $75,001 to $110,000 the average federal aid is around $20,725 is given.

  • The student has an annual income level of over $110,000; the average amount of federal aid provided is $18,247 which reduced significantly from the previous income range.

Student Loans for Gannon University

Average Loan Amount Average Loan Amount received per year.

$9,723/Year

Students Taking Out Loans

73%

Loan Default Rate

4%

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