$5,138

Avg. Federal Grant

$5,577

Avg. Federal Loan

$3,950,833

Total Aid Awarded

Hodges University Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

67%

Total Aid Amount Average Total Aid Awarded per year.

$3.951M

Financial Aid Official Website

www.hodges.edu/financialaid/

Notably, 92% of the students at Hodges University get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $3,511,696. For additional information about financial assistance schemes, one can head over to HU’s financial aid page at http://www.hodges.edu/financialaid/. The total percentage of candidates applying to Hodges University who receive the Federal Grant is 86%. Meanwhile, 92% of the applicants receive the Student Grant and 10% are awarded the Institution Grant, while 86% of the students get the Pell Grant. While the Federal Grant awardees receive an average aid of $3,912, the State Grant receivers and Institution Grant beneficiaries get $2,580 and $1,750, respectively. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $3,686. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. Students whose family income per annum is less than $30,000 will receive a federal aid of $6,725 on average in a year. The average aid amount stands at $7,533 for an annual family income between $30,001 and $48,000. This amount comes to $4,292 for those who fall under the $48,001-$75,000 family income bracket. Meanwhile, the average federal aid for students in the $75,001-$110,000 income bracket is $2,500. And, for those with a family income of more than $110,000, the amount stands at $2,000. 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 Hodges University, the percentage of candidates who opt to avail of student loans is around 71%.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

72%

State Grant Aid

77%

Institution Grant Aid

1%

Pell Grant

72%

Average Aid Awarded

Federal Grant Aid

$5,138

State Grant Aid

$3,168

Institution Grant Aid

$1,500

Pell Grant

$4,980

A federal grant is also an option for you if you meet the eligibility criteria, 72% of candidates cover up their expenses and the average of it is $5,138. The Pell grants average amount is $4,980 and serves 72% candidates.

In addition to these, the state grants also cover up the expenses of 77% of pupils and the average of it is  $3,168. You might depend upon the institutional scholarships and grants as almost 1% of all students get hold of them and the average of them is $1,500.

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$8,228

$30,001 - $48,000

$6,545

$48,001 - $75,000

$5,388

$75,001 - $110,000

$1,650

Over $110,000

N/A

A student having an annual family income of less than $30,000 might face an amount of $8,228 as the net aid price. You will find this amount to be lowered up to $6,545  in case of an income between the range of $30,001-$48,000.

The aid price decreases gradually as we talk about higher income brackets. For example, a family income ranging from $48,001-$75,000 might make your net price look $5,388, and for a range of $75,001-$110,000, your net aid price will amount to $1,650.

Student Loans for Hodges University

Average Loan Amount Average Loan Amount received per year.

$5,577/Year

Students Taking Out Loans

55%

Loan Default Rate

10.5%

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