$4,818

Avg. Federal Grant

$6,615

Avg. Federal Loan

$15,215,513

Total Aid Awarded

Greenville University Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

96%

Total Aid Amount Average Total Aid Awarded per year.

$15.216M

Financial Aid Official Website

www.greenville.edu/financial_aid/index.dot

It is interesting to note that almost every student at GU receives some kind of financial aid, while the total amount of provided assistance/loans in a year is $5,283,027. For additional information about financial assistance schemes, one can head over to GU’s financial aid page at http://www.greenville.edu/financial_aid/index.dot. Notably, a total of 56% of the applicants to Greenville University receive the Federal Grant every year. In comparison, 100% of the students are awarded the Student Grant, 100% get the Institution Grant, and 56% of the applicants receive the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $4,662, and the same stands at $4,537 for State Grant awardees and $14,539 for Institution Grant recipients. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,473. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. Those with a family income below $30,000 per annum, would get an average federal aid of $20,764 in a year. For the $30,001-$48,000 and $48,001-$75,000 family income brackets, the average aid amount stands at $21,302 and $19,105, respectively. Those with an annual income level of $75,001-$110,000 would receive $15,980, while candidates with more than $110,000 of family income receive an average federal aid of $12,119. 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. Moreover, the funds received through these loans will have to be repaid within a given timeframe. Every year, around 79% of the applicants to Greenville University opt for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

50%

State Grant Aid

31%

Institution Grant Aid

100%

Pell Grant

50%

Average Aid Awarded

Federal Grant Aid

$4,818

State Grant Aid

$4,516

Institution Grant Aid

$13,795

Pell Grant

$4,326

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$21,048

$30,001 - $48,000

$19,839

$48,001 - $75,000

$19,730

$75,001 - $110,000

$17,115

Over $110,000

$12,430

Student Loans for Greenville University

Average Loan Amount Average Loan Amount received per year.

$6,929/Year

Students Taking Out Loans

75%

Loan Default Rate

5.2%

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