$5,811

Avg. Federal Grant

$6,951

Avg. Federal Loan

$25,488,334

Total Aid Awarded

Grambling State University Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

86%

Total Aid Amount Average Total Aid Awarded per year.

$25.488M

Financial Aid Official Website

www.gram.edu/finaid/

It is interesting to note that, every year, around 99% of students at GSU receive some kind of financial aid, while the total amount of assistance/loans provided is $27,446,488. For additional information about financial assistance schemes, one can head over to GSU’s financial aid page at http://www.gram.edu/finaid/. At GSU, the total percentage of applicants who receive the Federal Grant stands at 85%. Meanwhile, 91% of the applicants receive the Student Grant and 23% are awarded the Institution Grant, while 84% of the students get the Pell Grant. While the Federal Grant awardees receive an average aid of $6,033, the State Grant receivers and Institution Grant beneficiaries get $2,598 and $3,540, respectively. And, for the Pell Grant awardees, the average aid amount is $5,299. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. 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. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. At Grambling State University, the percentage of candidates who opt to avail of student loans is around 92%.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

86%

State Grant Aid

35%

Institution Grant Aid

23%

Pell Grant

86%

Average Aid Awarded

Federal Grant Aid

$5,811

State Grant Aid

$2,451

Institution Grant Aid

$4,566

Pell Grant

$5,570

As shown in the table the breakdown includes Federal Grants, Pell Grants, state grants, and institutional grants, with federal grants having the 86% contribution with an average aid amount being $5,811.

Pell grants have a percentage of %86 with an average aid amount of $5,570 then the State grant aid average of $2,451with 35%. for further detailed information refer to the official website.

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$7,938

$30,001 - $48,000

$6,721

$48,001 - $75,000

$4,615

$75,001 - $110,000

$3,269

Over $110,000

$3,211

As shown in the table lower the family income higher is the amount of aid one can expect to receive. Those students who have a family income under $30,000 can expect to receive an aid amount of $7,938 while those with family income over $110,000 can expect to receive an aid amount of $3,211. This helps students who are coming from low-income homes to pay for their degrees.

 

Student Loans for Grambling State University

Average Loan Amount Average Loan Amount received per year.

$6,975/Year

Students Taking Out Loans

94%

Loan Default Rate

17.9%

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