$5,534

Avg. Federal Grant

$3,467

Avg. Federal Loan

$11,581,876

Total Aid Awarded

Heritage University Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

100%

Total Aid Amount Average Total Aid Awarded per year.

$11.582M

Financial Aid Official Website

www.heritage.edu/student-resources/financial-aid/

Among them are scholarship programs such as American Indian Endowed Scholarship, Bobbi McCallum Scholarship, College Assistance Migrant Program (CAMP), and DPMA/pc Scholarship. It is interesting to note that almost every student at HU receives some kind of financial aid, while the total amount of provided assistance/loans in a year is $2,527,872. For additional information about financial assistance schemes, one can head over to HU’s financial aid page at http://www.heritage.edu/student-resources/financial-aid/. At HU, the total percentage of applicants who receive the Federal Grant stands at 69%. In comparison, 100% of the students are awarded the Student Grant, 86% get the Institution Grant, and 69% of the applicants receive the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $5,950, and the same stands at $10,012 for State Grant awardees and $6,138 for Institution Grant recipients. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,771. Among other things, the annual family income of the applicant plays a major role in determining the total financial aid they are actually eligible to receive. Those with a family income below $30,000 per annum, would get an average federal aid of $17,939 in a year. The average aid amount stands at $18,969 for an annual family income between $30,001 and $48,000. This amount comes to $16,191 for those who fall under the $48,001-$75,000 family income bracket. On the other hand, the average federal aid stands at $5,497 for those with an annual family income between $75,001 and $110,000, and at $6,000 for an income more than $110,000. 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. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. At Heritage University, the percentage of candidates who opt to avail of student loans is around 34%.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

81%

State Grant Aid

88%

Institution Grant Aid

94%

Pell Grant

81%

Average Aid Awarded

Federal Grant Aid

$5,534

State Grant Aid

$9,910

Institution Grant Aid

$2,718

Pell Grant

$4,707

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$15,788

$30,001 - $48,000

$18,098

$48,001 - $75,000

$12,208

$75,001 - $110,000

$13,450

Over $110,000

$11,206

Student Loans for Heritage University

Average Loan Amount Average Loan Amount received per year.

$3,599/Year

Students Taking Out Loans

31%

Loan Default Rate

8%

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