$5,331

Avg. Federal Grant

$8,404

Avg. Federal Loan

$3,852,563

Total Aid Awarded

Hallmark University Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

60%

Total Aid Amount Average Total Aid Awarded per year.

$3.853M

Financial Aid Official Website

https://www.hallmarkuniversity.edu/resources/financial-aid/

Students can avail of scholarships provided by the university, such as Abe and Annie Seibel Foundation Loan, Children of U.S. Military who are Missing in Action or Prisoners of War (MIA/POWs) Exemption, Dr. Joseph Graham Fellowship for College Pro-Life Leaders, and Faye and Rendell Webb Scholarship, if they find educational expenses to be on the higher side. Notably, 73% of the students at Hallmark University get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $6,179,299. The total percentage of candidates applying to Hallmark University who receive the Federal Grant is 55%. In comparison, 62% of the students are awarded the Student Grant, 11% get the Institution Grant, and 55% of the applicants receive the Pell Grant. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,875. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for their education. In contrast to grants and scholarships, student loans are taken by the candidates at a certain rate of interest. Candidates are also required to repay these loans within a given period. At HU, an estimated number of 57% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

53%

State Grant Aid

N/A

Institution Grant Aid

17%

Pell Grant

53%

Average Aid Awarded

Federal Grant Aid

$5,331

State Grant Aid

N/A

Institution Grant Aid

$2,636

Pell Grant

$5,206

As shown in the table the breakdown includes Federal Grants, Pell Grants, state grants and institutional grants.

Pell grants and Federal grant have a percentage of 53% with an average aid amount of $5,206 and $5,331, respectively. Institutional grants have a percentage of 17% with an aid average of $2,636.

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$5,129

$30,001 - $48,000

$5,118

$48,001 - $75,000

$4,102

$75,001 - $110,000

$667

Over $110,000

$600

As shown in the table lower the family income higher is the amount of aid one can expect to receive. For those students who have a family income under $30,000 can expect to receive an aid amount of $5,129 while those with family income over $110,000 can expect to receive an aid amount of $600. This helps students who are coming from low income homes to pay for their degree.

Student Loans for Hallmark University

Average Loan Amount Average Loan Amount received per year.

$8,445/Year

Students Taking Out Loans

58%

Loan Default Rate

2.3%

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