$5,638

Avg. Federal Grant

$7,404

Avg. Federal Loan

$19,455,247

Total Aid Awarded

University of Arkansas Grantham Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

83%

Total Aid Amount Average Total Aid Awarded per year.

$19.455M

Financial Aid Official Website

https://www.grantham.edu/online-college-tuition/financial-aid/

Financial aid is money set aside by the federal government, state, and some colleges and universities to help people pay for a college education. Financial aid can come in the form of scholarships, federal grants, a work-study job, or a loan. Often scholarships and grants are intermixed, they have their own advantages and eligibility when opting for a specific program.

About 83% of the students received aid studying at Grantham's with the total aid which is estimated to be $19,455,247. The average federal loan accounts for around $7,404.

In order to have access to financial aid, you need to fill out the Free Application for Federal Student Aid, known as the FAFSA.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

76%

State Grant Aid

N/A

Institution Grant Aid

17%

Pell Grant

76%

Average Aid Awarded

Federal Grant Aid

$5,638

State Grant Aid

N/A

Institution Grant Aid

$512

Pell Grant

$5,638

As shown in the table the breakdown includes Federal Grants, Pell Grants, state grants, and institutional grants. Federal grants and Pell grants have the highest percentage contribution of 76% with an average aid amount being $5,638. The Grant is available for all students pursuing a Bachelor’s Degree. However, the amount offered to each student varies in accordance with the rules and requirements set under the Federal Pell Grant program.

Institutional grants have a percentage of 17% with an average aid amount of $512. To gather deep pieces of information for state grants, you can refer to the official website of Grantham University.

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$5,564

$30,001 - $48,000

$4,444

$48,001 - $75,000

$1,385

$75,001 - $110,000

N/A

Over $110,000

$564

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, or falls in between $30,000 and $48,000 can expect to receive an aid amount of $5,564 and $4,444 respectively. $1,385 is offered to students whose family income lies between $48,001 and $75,000. those with family income over $110,000 can expect to receive an aid amount of $564. This helps students who are coming from low-income homes to pay for their degrees.

However, there are always eligibility requirements in order to receive financial assistance.

Refer to the official website of Grantham University Lenexa, Kansas, as cited above to simplify the financial aid process.

Student Loans for University of Arkansas Grantham

Average Loan Amount Average Loan Amount received per year.

$7,404/Year

Students Taking Out Loans

76%

Loan Default Rate

19%

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